Karl Smith Says The Boom Wasnt All That Big, But The Bust Has Been Huge

He says that we have a demand problem. But he doesn't understand what's more important than money to the people.
On September 15, 2011 By

Karl Smith wants us to push money into the economy through redistribution. That’s his hammer and everything looks like a nail. In today’s posting, he finds another nail:

This is a theme I talk about it a lot so [...]
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Karl Smith at Modeled Behavior says.

Doing the rounds on Mises circuit I am usually identified as a liberal or a person from the left. I don’t really much care so I take that ID.

Karl.

??? Why is [...]
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If You Can't Grasp The Status Signal Economy Then You Have No Place Commenting On Macro

Unpleasant Realities: The Reasons For Resistance To US and Euro Redistribution.
On September 9, 2011 By

From Will Wilkinson by way of NEWMARK’S DOOR.

Behavioral econ offers policymakers an added dimension of evasion. A government can make a big hullabaloo of caring about energy consumption and climate change by sending folks mail detailing in vivid [...]
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Libertarians are smarter than liberals. Republicans are smarter than democrats. Libertarians the thought leadership of the conservative movement. Liberals and progressives have the space on the curve below libertarians and below conservatives. In other words, liberals are the thought leadership [...]
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Envy

On August 21, 2011 By

Out of envy, under the false flag of equality, the proletariat west spends it’s ancient aristocratic inheritance.

No man is a hero to his debtors.


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The Ideological Tipping Point: If an idea becomes strongly held by ten percent of the population, it will become universal to the population.

Libertarians only need to reach ten percent. And we’re getting there. Continue Reading

Whether Or Not To Pay For Free Museum Entry As An Example Of Status Acqusition

Status is to incentives as prices are to incentives. We cannot calculate without status.
On August 19, 2011 By

Adam Ozimet quotes Felix Salmon when discussing why people pay for entry into a museum even if it’s free.

But here’s the thing about freeloaders: if they value what they’re getting, a lot of them will end up paying anyway. [...]
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Emotions Are Universally A Reaction To Changes In Property – An Austrian Criticism Of Immigration

Curt on Karl on Eli Dourado: "You're Not Going To Dismiss Conservatism Easily".
On August 13, 2011 By

Karl Smith quotes Eli Dourado

It is perhaps unsurprising that those who think they benefit from the current system wish to keep it. They trot out all kinds of practical-sounding excuses for why we cannot completely open the border. [...]
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I love Don Boudreaux. But as a conservative, this post troubled me. It troubled me because while I agree with the conclusion, that conclusion isn’t based upon sound reasoning, and would lead to policy that increased fragility.

The [...]
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Mark Thoma Asks A Fallacy Of False Choice With "Which Tax Is Preferable?"

It is not taxes people object to. It is the disagreeable use of them.
On July 17, 2011 By

On Economists View, Mark asks:

Is it important for taxes to be progressive? Or is progressivity in the net benefits the only important consideration?

In this context:

In Europe, the VAT is used extensively. VATs are regressive, but [...]
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