i like how noone who is all crazy over IOUSA points out the fact that long-term deficits are the problem, not short-term. and that long-term deficits and debt are caused overwhelmingly by healthcare. this kind of fact-free, reality-blind analysis is what you get when you swallow everything that a wall street banker like pete peterson gives you without a thought
So Dean baker, with his PHD in economics can learn a lot from a popular (right wing) economics book.
You're a moron.
I assume you're part of the Ron Paul cult.
Paul is a religious fundamentalist, a free market fundamentalist and a bigot. His ideology probably would have worked in the 18th century. I give him credit for exposing the fed though.
I'm sure you think that Paul is the chosen one because he predicted the financial crash. What you may not know is that Baker predicted it more accurately.
I don't know if Paul is a religious fundamentalist, but probably not because his policies are in conflict with the rhetoric of religious fundamentalism.
'Free-market fundamentalism'? Market fundamentalism and religious fundamentalism are not similar concepts.
If you understand the difference between technical analysis and fundamental analysis - that's what a 'market fundamentalist is. They believe more in reality than in quantitative metrics.
"If you understand economics, you'd be against big government."
Then you should be against the government giving handouts (of various sorts) to corporate America. As Baker argues, since Ronald Reagan, the American economy has been wired to move money from the bottom to the top of the social/economic heap. Welfare for the wealthy. You don't have a leg to stand on against Baker's argument. Unless you're one who has benefitted from the situation as it has been for the past 29 years.
I have lost as much as most of us have from the inflation that pays for corporate bailouts, welfare, wars, subsidized industries, etc.
Baker is right that the centrally-planned economy is wired to accumulate wealth by 'robbing' all of us through taxes, restrictions on economic freedom, and inflation (increasing money supply). But it goes way further back than Reagan.
Big government is the #1 tool the rich and powerful use. Small, local government is how people protect themselves.
Read Baker. You sound like one of the "free" marketeer drones whom Baker places into proper historical/economic context with the information he presents.
You're right, I haven't read Baker. I'm sure you haven't read what I have. And with 500 character count limit we are not fully understanding each other.
I'm saying the bulk of the bad economic policy goes back to Wilson, and still much more was put in place before that. And it's roots are a thousand years old (at least).
Businesses consolidate into large corporations and get advantages. Only a large corp. can pollute - with permission from the federal government (the states fight it).
Did you even watch this talk? To get a good idea of Baker's ideas/work, watch some of the longer format videos here on YT. The one that best presents Baker's most important contributions (IMO), is The Corporate Nanny State. What he details DID begin with Reagan. Pre-Reagan years were characterized by growing wages, etc. Watch it if you have the time.
i like how noone who is all crazy over IOUSA points out the fact that long-term deficits are the problem, not short-term. and that long-term deficits and debt are caused overwhelmingly by healthcare. this kind of fact-free, reality-blind analysis is what you get when you swallow everything that a wall street banker like pete peterson gives you without a thought
boing3887 1 year ago
Concord Coalition just got owned
lordennis01 2 years ago 5
I see a cripple a black a gay and an idiot on the pannel they must be right.
golfprobro4eagles 2 years ago
Dean Baker is full of win.
TheSpineyOne 2 years ago 2
This comment has received too many negative votes show
Oh my god.....this is so discouraging...
Dean, just read "Economics in One Lesson" by Henry Hazlitt. I think you've been barking up the wrong tree.
Unfortunately, neither of these people are talking about the negative effects of inflationary policies, over-regulation and over-taxation.
If you understand economics, you'd be against big government.
Basically, this seems like a charade debate between Democrates and Rebublicans.
stevemcgee99 3 years ago
So Dean baker, with his PHD in economics can learn a lot from a popular (right wing) economics book.
You're a moron.
I assume you're part of the Ron Paul cult.
Paul is a religious fundamentalist, a free market fundamentalist and a bigot. His ideology probably would have worked in the 18th century. I give him credit for exposing the fed though.
I'm sure you think that Paul is the chosen one because he predicted the financial crash. What you may not know is that Baker predicted it more accurately.
TheSpineyOne 2 years ago 7
Have you read the book?
I don't know if Paul is a religious fundamentalist, but probably not because his policies are in conflict with the rhetoric of religious fundamentalism.
'Free-market fundamentalism'? Market fundamentalism and religious fundamentalism are not similar concepts.
If you understand the difference between technical analysis and fundamental analysis - that's what a 'market fundamentalist is. They believe more in reality than in quantitative metrics.
Many predicted the crash.
stevemcgee99 2 years ago
i would add that dean baker predicted the crash in aug. 2002, which is a full 4 years before others who are given credit for predicting it.
boing3887 2 years ago
"If you understand economics, you'd be against big government."
Then you should be against the government giving handouts (of various sorts) to corporate America. As Baker argues, since Ronald Reagan, the American economy has been wired to move money from the bottom to the top of the social/economic heap. Welfare for the wealthy. You don't have a leg to stand on against Baker's argument. Unless you're one who has benefitted from the situation as it has been for the past 29 years.
bapyou 2 years ago
I have lost as much as most of us have from the inflation that pays for corporate bailouts, welfare, wars, subsidized industries, etc.
Baker is right that the centrally-planned economy is wired to accumulate wealth by 'robbing' all of us through taxes, restrictions on economic freedom, and inflation (increasing money supply). But it goes way further back than Reagan.
Big government is the #1 tool the rich and powerful use. Small, local government is how people protect themselves.
stevemcgee99 2 years ago
"it goes way further back than Reagan."
Read Baker. You sound like one of the "free" marketeer drones whom Baker places into proper historical/economic context with the information he presents.
bapyou 2 years ago
You're right, I haven't read Baker. I'm sure you haven't read what I have. And with 500 character count limit we are not fully understanding each other.
I'm saying the bulk of the bad economic policy goes back to Wilson, and still much more was put in place before that. And it's roots are a thousand years old (at least).
Businesses consolidate into large corporations and get advantages. Only a large corp. can pollute - with permission from the federal government (the states fight it).
stevemcgee99 2 years ago
"You're right, I haven't read Baker"
Did you even watch this talk? To get a good idea of Baker's ideas/work, watch some of the longer format videos here on YT. The one that best presents Baker's most important contributions (IMO), is The Corporate Nanny State. What he details DID begin with Reagan. Pre-Reagan years were characterized by growing wages, etc. Watch it if you have the time.
bapyou 2 years ago
Dean Baker - I love this guy!
Comes out swinging - confrontational right off the bat.
Don't know if he's right about everything, but he nailed the housing bubble.
Oh, and communicates well. Plain and simple statements.
VVi11 3 years ago 16