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Edwynn -> RE: Professors and their politics (12/7/2012 11:25:41 AM)
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quote:
ORIGINAL: mnottertail
My point, you don't know. You are an economist. You are unable by dint of your lack of real knowledge to pedantically blowhole on any economic issue. Prithee, what will make our economy flourish, growth rates (oh, I will give you some leeway here) of between 10-20% a year, and the meltdown, why didn't you see it? (And I will hold you to your answer) Then tell me why nobody listens to this great and august bunch of maggots if they 'know' something?
If non-economists are children, economists are miasmatic shitbreathers. Useless and unknowledgeable about the pedantics they masturbate on.
quote:
Then tell me why nobody listens to this great and august bunch of maggots if they 'know' something?
It's not that nobody listened, it's that asswipe politicians, those you are so fond of, didn't listen.
John Paulson made $3.7 Billion off the affair. I think that it's safe to say that at least somebody listened.
This is like saying that if some asswipe bought a stock at over 156% of net asset value, or somebody voted for any politician, or somebody actually bought a CDO, then all are worth it, all is valid, because nobody would have done that otherwise.
There were more than a few economists, more than a few financial experts, more than a few none-of-the-above that were sounding the warning bells from 2004-05 onwards.
Nouriel Roubini warned about it, Andrew Smithers and others pointed out the serious over-valuation, Joseph Stiglitz warned about the asset bubble, Robert Shiller warned about it, all ringing bells loudly. Many more than that, but just off the top of my head.
Your crowd, the political crowd, had no use for what they were saying.
Sucks to be you, all I can say.
quote:
Prithee, what will make our economy flourish, growth rates (oh, I will give you some leeway here) of between 10-20% a year,
Nothing will make this economy grow by that amount in any year, and you can quote me on that. The fastest growing emerging economies top out at ~ 11%, 7-9% otherwise.
Throwing people like you into the ditch (being as that there are so many drains on society such as yourself) might increase it by .05 to .5 % from wherever we are at the moment, though.
Sucks to be you, all I can say.
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