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Post by oldnewbie on Jun 25, 2024 13:59:09 GMT -5
This is blowing up, but strangely, I see no coverage of this on FoxNews yet. "Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump's plans would reignite inflation and cause lasting harm to the global economy if he wins in November."While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump," the 16 economists write in a letter, first obtained by Axios. "We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy," the economists write in the letter. "Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," they write. The message was spearheaded by Joseph Stiglitz, who won the Nobel prize for economics in 2001. He was joined by George A. Akerlof (2001), Sir Angus Deaton (2015), Claudia Goldin (2023), Sir Oliver Hart (2016), Eric S. Maskin (2007), Daniel L. McFadden (2000), Paul R. Milgrom (2020), Roger B. Myerson (2007), Edmund S. Phelps (2006), Paul M. Romer (2018), Alvin E. Roth (2012), William F. Sharpe (1990), Robert J. Shiller (2013), Christopher A. Sims (2011), and Robert B. Wilson (2020). |
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bluepenquin
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Post by bluepenquin on Jun 25, 2024 16:16:51 GMT -5
Of course they would - it is the Nobel Prize.
Of course Joseph Stiglitz would support Biden - he is a Keynesian/socialist.
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Post by oldnewbie on Jun 25, 2024 17:16:21 GMT -5
Of course they would - it is the Nobel Prize. Of course Joseph Stiglitz would support Biden - he is a Keynesian/socialist. That is New Keynesian to you, and if you want to piss on Keynes, at least have the courtesy to let this guy do it for you: |
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Post by geddyleeridesagain on Jun 25, 2024 17:51:48 GMT -5
Of course they would - it is the Nobel Prize. Of course Joseph Stiglitz would support Biden - he is a Keynesian/socialist. That is New Keynesian to you, and if you want to piss on Keynes, at least have the courtesy to let this guy do it for you: Ol' Friedrich was wrong, a lot. The Road to Serfdom has aged poorly (although to be fair, much of the book has been misinterpreted and misapplied, particularly by hard-right conservatives). At any rate, referring to Stiglitz as a socialist is overly reductive, but even if he was, why would that cause him to support Biden, who is nobody's idea of a committed socialist? |
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Post by oldnewbie on Jun 25, 2024 18:19:26 GMT -5
That is New Keynesian to you, and if you want to piss on Keynes, at least have the courtesy to let this guy do it for you: Ol' Friedrich was wrong, a lot. The Road to Serfdom has aged poorly (although to be fair, much of the book has been misinterpreted and misapplied, particularly by hard-right conservatives). At any rate, referring to Stiglitz as a socialist is overly reductive, but even if he was, why would that cause him to support Biden, who is nobody's idea of a committed socialist? I did find it LOL that blue dismissed them out of hand because they had won the Nobel Prize for economics, when so did Hayek, Friedman, Buchanan and Mundell. |
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Post by bluepenquin on Jun 26, 2024 7:48:50 GMT -5
Just saying that 16 Nobel Prize winners of economics (who mostly support the Democratic party, which Stiglitz does) say that Biden has better economic policies than Trump isn't news or means nearly as much as you may claim. It certainly isn't surprising or particularly newsworthy.
50 former CIA or Intelligent officials signed a paper saying that the Hunter Biden laptop was the result of disinformation from Russia - which would have more meaning and less subjective opinion than economic policy but proved to be 100% false. Expert credibility among political partisans running up to a general election has really lost any value.
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Post by aardvark on Jun 26, 2024 8:05:28 GMT -5
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Post by blue-footedbooby on Jun 26, 2024 8:50:44 GMT -5
The Russian bots have compromised VT. Time to wipe the harddrives.
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Post by bluepenquin on Jun 26, 2024 11:33:22 GMT -5
Correct - it had all the earmarks of Russian Dissinformation. And I have heard at least 1 of them saying they do not regret what they said or that it was wrong. However - the impact was clear and the opinion to come out so forcibly on this was very much wrong. They ended up looking like idiots. As for the 16 Nobel economists - I read that 13 of them came out and said that they supported Biden's spending in 2021 and that it would not lead to inflation. Or at least - how many of these guys came out and said we would have this kind of inflation. Anyway - the opinions here are neither surprising nor newsworthy. It is just political campaigning. |
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Post by volleyguy on Jun 26, 2024 11:36:31 GMT -5
Just saying that 16 Nobel Prize winners of economics (who mostly support the Democratic party, which Stiglitz does) say that Biden has better economic policies than Trump isn't news or means nearly as much as you may claim. It certainly isn't surprising or particularly newsworthy. 50 former CIA or Intelligent officials signed a paper saying that the Hunter Biden laptop was the result of disinformation from Russia - which would have more meaning and less subjective opinion than economic policy but proved to be 100% false. Expert credibility among political partisans running up to a general election has really lost any value. What is lost is your ability to be anything but subjective. |
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Post by oldnewbie on Jun 26, 2024 16:31:59 GMT -5
Just saying that 16 Nobel Prize winners of economics (who mostly support the Democratic party, which Stiglitz does) say that Biden has better economic policies than Trump isn't news or means nearly as much as you may claim. It certainly isn't surprising or particularly newsworthy. 50 former CIA or Intelligent officials signed a paper saying that the Hunter Biden laptop was the result of disinformation from Russia - which would have more meaning and less subjective opinion than economic policy but proved to be 100% false. Expert credibility among political partisans running up to a general election has really lost any value. Sorry, but you have nowhere near the credibility of Stiglitz, so you need to do more than handwave him away with broad labels. Here is an interview. Feel free to comment on what you do and don't agree with and cite any counter sources. Keep in mind you have already said that anybody who has received the Nobel Prize you dismiss out of hand as a socialist, so you have some walking back to do if you want to cite anybody whose work is based on the theories of Friedrich Hayek, Milton Friedman or James Buchanan. Please refute economic theory with economic theory. The attempted Hunter Biden segue was very HOLIDAY -esque and extremely weak. |
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Post by bluepenquin on Jun 26, 2024 16:46:08 GMT -5
Just saying that 16 Nobel Prize winners of economics (who mostly support the Democratic party, which Stiglitz does) say that Biden has better economic policies than Trump isn't news or means nearly as much as you may claim. It certainly isn't surprising or particularly newsworthy. 50 former CIA or Intelligent officials signed a paper saying that the Hunter Biden laptop was the result of disinformation from Russia - which would have more meaning and less subjective opinion than economic policy but proved to be 100% false. Expert credibility among political partisans running up to a general election has really lost any value. Sorry, but you have nowhere near the credibility of Stiglitz, so you need to do more than handwave him away with broad labels. Here is an interview. Feel free to comment on what you do and don't agree with and cite any counter sources. Keep in mind you have already said that anybody who has received the Nobel Prize you dismiss out of hand as a socialist, so you have some walking back to do if you want to cite anybody whose work is based on the theories of Friedrich Hayek, Milton Friedman or James Buchanan. Please refute economic theory with economic theory. The attempted Hunter Biden segue was very HOLIDAY -esque and extremely weak. For me - he is a complete idiot. His worldview and understanding of history and economics is much different than mine - and as such I am not surprised that he supports Biden's economic policies. Remember - at least 13 of these guys endorsed Biden's inflation reduction act, failing to see that this help lead to rampant inflation... One can find hundreds of economic experts that would say that Biden's economic policies would be worse for the country than Trump. These things are meaningless - the definition of 'expert' has been badly tarred over the last decades. And the CIA (contractors) stating that Hunter Biden's laptop had the earmarks of Russian disinformation as some kind of political talking point ploy in the middle of a Presidential campaign whose implications ended up being wildly wrong is a perfect example of this. |
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Post by oldnewbie on Jun 26, 2024 17:12:52 GMT -5
Sorry, but you have nowhere near the credibility of Stiglitz, so you need to do more than handwave him away with broad labels. Here is an interview. Feel free to comment on what you do and don't agree with and cite any counter sources. Keep in mind you have already said that anybody who has received the Nobel Prize you dismiss out of hand as a socialist, so you have some walking back to do if you want to cite anybody whose work is based on the theories of Friedrich Hayek, Milton Friedman or James Buchanan. Please refute economic theory with economic theory. The attempted Hunter Biden segue was very HOLIDAY -esque and extremely weak. For me - he is a complete idiot. His worldview and understanding of history and economics is much different than mine - and as such I am not surprised that he supports Biden's economic policies. Remember - at least 13 of these guys endorsed Biden's inflation reduction act, failing to see that this help lead to rampant inflation... One can find hundreds of economic experts that would say that Biden's economic policies would be worse for the country than Trump. These things are meaningless - the definition of 'expert' has been badly tarred over the last decades. And the CIA (contractors) stating that Hunter Biden's laptop had the earmarks of Russian disinformation as some kind of political talking point ploy in the middle of a Presidential campaign whose implications ended up being wildly wrong is a perfect example of this. You can find hundreds of "experts" at the level of these 16 that say Biden's economic policies would be worse? Great! Why didn't you cite a single one? You say he is an idiot and his worldview is different than yours. Can you even articulate how? Did you watch the interview at all? Cite what you disagree with. I'm not some big Stiglitz honk, and I'm more than willing to consider that he is an idiot, but you have offered nothing. I did watch the interview. Which part demonstrated to you his idiocy? I know from interactions with you here that you really avoid dealing with post reconstruction history and like to pretend it didn't happen, that it has no bearing on today and lets all just move on. I found this interview with a foreign born (Indian) historian about her book to be very interesting with obvious parallels to what is happening today. I'm curious on your reaction. Again, if you have a reference to refute Stigliz and the other 15 Nobel Prize winners, by all means let us know. Lets avoid completely irrelevant Hunter Biden references, handwaving and calling people way more accomplished than you "idiots" if you can't articulate even a single reason why. |
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Post by blue-footedbooby on Jun 26, 2024 17:16:43 GMT -5
Sorry, but you have nowhere near the credibility of Stiglitz, so you need to do more than handwave him away with broad labels. Here is an interview. Feel free to comment on what you do and don't agree with and cite any counter sources. Keep in mind you have already said that anybody who has received the Nobel Prize you dismiss out of hand as a socialist, so you have some walking back to do if you want to cite anybody whose work is based on the theories of Friedrich Hayek, Milton Friedman or James Buchanan. Please refute economic theory with economic theory. The attempted Hunter Biden segue was very HOLIDAY -esque and extremely weak. For me - he is a complete idiot. His worldview and understanding of history and economics is much different than mine - and as such I am not surprised that he supports Biden's economic policies. Remember - at least 13 of these guys endorsed Biden's inflation reduction act, failing to see that this help lead to rampant inflation... One can find hundreds of economic experts that would say that Biden's economic policies would be worse for the country than Trump. These things are meaningless - the definition of 'expert' has been badly tarred over the last decades. And the CIA (contractors) stating that Hunter Biden's laptop had the earmarks of Russian disinformation as some kind of political talking point ploy in the middle of a Presidential campaign whose implications ended up being wildly wrong is a perfect example of this. Inflation Reduction Act was a bit of a misnomer, Carbon Reduction Act would have been a better name. Though it did bring down the cost of some meds and healthcare elements, unless fossels were outlawed or maybe one lived in a state like California, I don't see how inflation reduction applies. But who cares, oh yea, GOP and the fossil industry does. |
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Post by geddyleeridesagain on Jun 26, 2024 17:43:57 GMT -5
It does not take a Nobel-level economist to understand Trump's economic agenda - as currently stated, at any rate, because who knows what will come out of his mouth at any time - would inflict damage upon American consumers and destabilize the global economy. As such, by default nearly any plan cobbled together by the Biden administration would be better. That should not dismissed as a purely partisan opinion, primarily because it's objectively true.
At any rate, one can disagree with Joseph Stiglitz's political-economic worldview, but simply referring to him as an "idiot" says far more about the commenter than it does Stiglitz.
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