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US Politics Mega-thread - Page 1028

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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
FallDownMarigold
Profile Blog Joined December 2010
United States3710 Posts
Last Edited: 2014-04-30 06:01:14
April 30 2014 05:50 GMT
#20541
Yes, suggesting you read up on the subject from someone that is studying the issue from an academic rather than political pundit perspective (http://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/067443000X/ref=zg_bs_6343232011_1) is 'advocating talking out of your ass'.

lol?
Danglars
Profile Blog Joined August 2010
United States12133 Posts
Last Edited: 2014-04-30 06:12:58
April 30 2014 06:12 GMT
#20542
On April 30 2014 14:50 FallDownMarigold wrote:
Yes, suggesting you read up on the subject from someone that is studying the issue from an academic rather than political pundit perspective (http://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/067443000X/ref=zg_bs_6343232011_1) is 'advocating talking out of your ass'.

lol?
Yes, yes, we should listen to "people that actually look into that issue with unprecedented focus on actual data spanning decades in the US and around the world claim it IS problematic" (gag-inducing). I'm sure you either agree with Piketty or are too dumb to understand him. He's the Left's new favorite economist from Socialism Works France. The degree of condescension people like you use while claiming his 577 pages somehow blast apart modern economic thought and political considerations is breathtaking. Equally so is your blindness to your haughty attitude when you suggest turning off Fox to tune in to Piketty.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
GreenHorizons
Profile Blog Joined April 2011
United States24341 Posts
April 30 2014 06:17 GMT
#20543
On April 30 2014 14:38 Danglars wrote:
Show nested quote +
On April 30 2014 13:22 GreenHorizons wrote:
On April 30 2014 13:06 Danglars wrote:
On April 29 2014 16:11 Velr wrote:
On April 29 2014 15:24 Danglars wrote:
Yes, it's not as bad as in the ultra corrupt countries where money is easily turned into great political influence. The danger is that government will keep the enterprise out through the regulatory barriers and the laws that entrenched business interests or non-business special interests erect. On the flip side, companies sidling up to government willing to hand them pork for votes is a danger. Heavy lobbying for changes in immigration policy to benefit themselves and bailouts if things turn south..


Uhm... Superpacs? Partyfunding? Thats as close as you can get to "buying" politicial influence whiteout openly allowing corruption.
We wouldn't be having this problem is government was limited. Put government in charge of funneling pork and hurting competitors, and you'll have that crony capitalism anywhere. I see the very same people decrying unlimited campaign donations also advocating for greater government roles in the market, whether redistributing or policing. Can't kill free speech just because you think the current state of affairs stops just short of corruption; that's the worse option.


Preventing unlimited secret donations =/= 'killing free speech' but you know that.

But yeah just take the ref out of the game... that will fix the rule breakers/manipulators... If someone buys the ref you don't just stop refereeing the game.

Not a surprise the same people claiming any limit on anonymous donations or making them public is 'killing free speech', also claim wealth inequality is 'nowhere problematic nor even a priority to be targeted'...
All free speech is equal, but some is more equal than others.

Show nested quote +
On April 30 2014 13:35 FallDownMarigold wrote:
^lol anyone actually thinking wealth inequality is 'nowhere problematic' is talking out of their ass/watching too much Sean Hannity/listening to too much Rush Limbaugh.

People that actually look into that issue with unprecedented focus on actual data spanning decades in the US and around the world claim it IS problematic. Try Thomas Piketty instead of Fox 'n Friends
Wait a second, are you advocating talking out of your ass? Don't watch Fox, Piketty instead? Surely you're some kind of tea party plant made to discredit the left.


You are getting pretty laughable at this point. Next your going to say how The Fairness Doctrine was 'killing free speech' because it prevented someone in the 50's from just buying ALL of the airtime on the 3 major networks...

I'm terribly curious what you think about the Equal-Time Rule as it is written and enforced?
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
Livelovedie
Profile Blog Joined April 2011
United States492 Posts
April 30 2014 06:26 GMT
#20544
ATLANTA (Reuters) - Georgia Governor Nathan Deal signed legislation on Tuesday requiring some applicants for food stamps and welfare benefits to undergo a drug test.

Under the bill, testing could be required if authorities have a "reasonable suspicion" of drug use. A person failing the test would temporarily lose benefits, although their children could receive assistance through another adult.

Drug use is a barrier to finding and keeping a job, Deal spokesman Brian Robinson said.

"If some, however, reject treatment and instead choose a lifestyle that renders them unemployable, taxpayers shouldn't have to subsidize that," Robinson said.

Debbie Seagraves, executive director of the American Civil Liberties Union of Georgia, called the legislation "shameful" and said it violated the constitutional protection against unreasonable searches.

She also argued that state employees are not adequately trained to detect signs of possible drug use.

"It's a badly flawed bill," she said. "It will be challenged."

Deal, a Republican, is up for re-election this year and will likely face State Senator Jason Carter, a Democrat and the grandson of former President Jimmy Carter, in the November general election.

Jason Carter, who voted against the bill, declined through a spokesman to comment.

A federal judge late last year struck down a Florida bill requiring drug screening for welfare recipients, ruling it violated the constitutional prohibition of unreasonable searches.

Last summer, North Carolina Republican Governor Pat McCrory vetoed legislation that would have required some recipients of cash welfare benefits to undergo drug screenings, saying it had proven ineffective in other states.


http://news.yahoo.com/georgia-governor-signs-law-drug-test-welfare-recipients-232311775--finance.html

It always saddens me to read the comments on yahoo articles, almost as much as this law saddens me.
FallDownMarigold
Profile Blog Joined December 2010
United States3710 Posts
Last Edited: 2014-04-30 14:06:26
April 30 2014 14:04 GMT
#20545
On April 30 2014 15:12 Danglars wrote:
Show nested quote +
On April 30 2014 14:50 FallDownMarigold wrote:
Yes, suggesting you read up on the subject from someone that is studying the issue from an academic rather than political pundit perspective (http://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/067443000X/ref=zg_bs_6343232011_1) is 'advocating talking out of your ass'.

lol?
Yes, yes, we should listen to "people that actually look into that issue with unprecedented focus on actual data spanning decades in the US and around the world claim it IS problematic" (gag-inducing). I'm sure you either agree with Piketty or are too dumb to understand him. He's the Left's new favorite economist from Socialism Works France. The degree of condescension people like you use while claiming his 577 pages somehow blast apart modern economic thought and political considerations is breathtaking. Equally so is your blindness to your haughty attitude when you suggest turning off Fox to tune in to Piketty.


Expected this response. Just like a talking head on Fox News or even a conservative economist, there's no response to Piketty's work other than name calling: "it's socialist".

Of course I largely agree with him. Have not finished the book but the amount of research and raw data included is rather hard to ignore and simply discount by crying "Marxism" if you're an honest person not driven by your political agenda. It's sort of interesting you find academic work 'gag inducing' but don't find name calling gag inducing.
corumjhaelen
Profile Blog Joined October 2009
France6884 Posts
Last Edited: 2014-04-30 14:11:32
April 30 2014 14:11 GMT
#20546
Well, about right-wing critics of Piketty, can't help but link this. Hilarity ensues.
‎numquam se plus agere quam nihil cum ageret, numquam minus solum esse quam cum solus esset
farvacola
Profile Blog Joined January 2011
United States18869 Posts
Last Edited: 2014-04-30 14:19:09
April 30 2014 14:17 GMT
#20547
Haha, I can't help myself.

The grandiosity of the conclusions Piketty draws is pure Socialist/communist rubbish. Piketty's entire perspective on economic theory comes directly from his experience living in Paris, which is an economy that has had almost zero economic growth, and has a 75% tax rate. Remove the tourism industry form his home city, and Paris would likely take on the dark economic clouds that plagued Eastern European cities ravaged by misguided communist theory post WWII.


That you Danglars?

I know I will catch heat for this, but I do not care. This book, is utter fantasy. You can't in any economy good or bad tax at a rate of 80% and 60%. I believe and I am sure Mr. Piketty will silently agree but France is now offering tax breaks and massive tax credits to the exact people that Socialist Hollande promised to put the screws to during his run for office and during his first year and a half in office. His tax base shrank drastically, they just up and left for England, Spain(who is still recovering from recession and welcomed the additional wealth and tax revenue). Germany, and Belgium.
Now I know the left will say that the high tax works, but our headlines in the news are showing that it just is not working. Its ruining the country, and driving out the middle income job base. Mr. o bama's own recovery based on New York Times 4/27/14 issue has brought back 3 million low wage jobs and only 1 million middle income to higher based entry jobs. So the 60% to 80% tax rate will just be a nail in Americas coffin. Unless ofcourse that is what you want for the country, but I would love to know what o bama and the left will do when they run out of other peoples money?


Bahahaha, this writers "o bama" construction is awfully cute.

But let's not forget "California mom"

What's the point of working hard if the government will steal all your hard work and give it to the lazy?


There's a nice nutshell for ya. At least we can be thankful that the conservatives in this thread aren't pretending that they've read the book.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
aksfjh
Profile Joined November 2010
United States4853 Posts
April 30 2014 14:21 GMT
#20548
On April 30 2014 10:05 JonnyBNoHo wrote:
Show nested quote +
On April 30 2014 08:49 aksfjh wrote:
On April 30 2014 08:29 JonnyBNoHo wrote:
On April 30 2014 08:18 aksfjh wrote:
On April 30 2014 08:07 JonnyBNoHo wrote:
On April 30 2014 07:59 aksfjh wrote:
On April 30 2014 07:51 JonnyBNoHo wrote:
Leveraged loan crackdown drives borrowers to ‘shadow banks’

A US regulatory crackdown on the $600bn leveraged loan market is driving borrowers to alternative lenders known as “shadow banks”, according to market participants.

Bankers said the Federal Reserve and Office of the Comptroller of the Currency had stepped up their policing of the market, which provides financing for big corporate buyouts.

Following a review, officials told banks in January that they were not satisfied with their lending practices and instructed them to make only “rare” exceptions to 2013 guidelines that warned against granting loans greater than six times a company’s earnings.

Senior executives at two of the top US banks said buyout firms had responded by seeking leveraged loans from less-regulated entities, including foreign banks, hedge funds and broker-dealers. The US bankers complained that the regulators were picking winners and losers, while having no impact on bank or market safety. ...

Source

Hrmm, doesn't sound very effective...

Sounds very effective at keeping our banks a bit more safe...

What happens in shadow banking can affect traditional banking. That's an important lesson we should have learned from the last crisis.

Yes, when mainstream banks take a more active role in shadow banking. By more heavily regulating and forcing bigger banks to take safer roles in the financial system, that is learning the lesson from the crisis and shadow banking.

Seems like the opposite. Last go around we shifted risk away from banks and into shadow banks. Now we're doing the same. Lesson learned all right - don't expect too much out of regulators.

No, there was no real shifting since the banks were funding those shadow banking operations anyways. Now the two are much more separated and should stay that way.

I think you'll still have exposure / overlap.

Regardless, safe traditional banks and unsafe shadow banks doesn't leave you with safe system. Moving risk around doesn't eliminate it.

Edit: and hang on, they aren't removing the bank funding into shadow banking with this regulation. Can traditional banks no longer provide liquidity backstops to shadow banking?

The ultimate goal is to push as much of the core economic activities to regulated banks as possible and to regulate those risks accordingly. Some activity will naturally be pushed to the "shadow banking" sphere, but as long as it's not core to the overall economy (in other words, tied to traditional consumers), it doesn't pose a systemic risk that needs to be rescued. If hedge funds become the backers of extremely risky buyouts, then so be it, since hedge funds are tied very loosely to that core.

As a related note, any company looking for a merger/acquisition that needs a loan over 6x their earnings to proceed with is a gigantic risk. If I'm not mistaken, the general rule of thumb for acquisitions is to pay 3-5x earnings or total asset value plus earnings of the company being acquired, whichever is larger. This is anecdotal knowledge I picked up, but it seems like it fits. To need more than 6x your own earnings to make this purchase seems like you are attempting to buy a company that is larger than yourself, or overpaying and gambling it will pay off, and this is if your company does not have any liquid assets to assist in the purchase. It's a bad business to be a part of for a major/core bank.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
April 30 2014 15:44 GMT
#20549
Former Florida Gov. Charlie Crist (D) leads Gov. Rick Scott (R) 48 percent to 38 percent in this year's gubernatorial race, according to a Quinnipiac University poll released Wednesday.

That 10-point difference, Crist's largest margin against Scott in polling this year, is similar to the 8-point lead Crist held in a January Quinnipiac poll. Although most non-partisan surveys find him leading, many show a somewhat narrower race. HuffPost Pollster's average, which includes all publicly available polling, gives Crist a lead of about 5 points.

Scott has spent more than $4 million on television advertising, largely attacking Crist over his continuing support for the Affordable Care Act, while Crist has called Scott ethically suspect and out of touch with Floridians. Crist has also targeted Scott for failing to expand Medicaid in the state.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
April 30 2014 16:29 GMT
#20550
Almost half the country — 147 million Americans, to be precise — live in counties with unhealthy air, according to a new report.

The data was pulled from the Environmental Protection Agency (EPA) and analyzed by the American Lung Association (ALA). They tracked two forms of pollution over the 2010-2012 time period. One form was small particles like soot that hang in the air, and which the ALA tracked on both short-term and a year-round basis. The other was ozone, the main ingredient in smog and air pollution, which is created when nitrogen oxides and other chemicals interact with heat and sunlight.

The report found that particle pollution during 2010-2012 improved in most cities from 2009-2011. Ozone pollution, on the other hand, worsened in many areas — probably due to generally hotter temperatures over the latter time period. That led to higher ozone levels, and higher levels that occurred more frequently.

About 147 million Americans live in counties where at least one of those measures — short-term particle pollution, year-round particle pollution, or ozone — topped national safety standards often enough to be a threat to public health. Over 27 million Americans live in counties where all three measures are at unhealthy levels.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
GreenHorizons
Profile Blog Joined April 2011
United States24341 Posts
April 30 2014 16:44 GMT
#20551
On April 30 2014 23:17 farvacola wrote:
Haha, I can't help myself.

Show nested quote +
The grandiosity of the conclusions Piketty draws is pure Socialist/communist rubbish. Piketty's entire perspective on economic theory comes directly from his experience living in Paris, which is an economy that has had almost zero economic growth, and has a 75% tax rate. Remove the tourism industry form his home city, and Paris would likely take on the dark economic clouds that plagued Eastern European cities ravaged by misguided communist theory post WWII.


That you Danglars?
Show nested quote +

I know I will catch heat for this, but I do not care. This book, is utter fantasy. You can't in any economy good or bad tax at a rate of 80% and 60%. I believe and I am sure Mr. Piketty will silently agree but France is now offering tax breaks and massive tax credits to the exact people that Socialist Hollande promised to put the screws to during his run for office and during his first year and a half in office. His tax base shrank drastically, they just up and left for England, Spain(who is still recovering from recession and welcomed the additional wealth and tax revenue). Germany, and Belgium.
Now I know the left will say that the high tax works, but our headlines in the news are showing that it just is not working. Its ruining the country, and driving out the middle income job base. Mr. o bama's own recovery based on New York Times 4/27/14 issue has brought back 3 million low wage jobs and only 1 million middle income to higher based entry jobs. So the 60% to 80% tax rate will just be a nail in Americas coffin. Unless ofcourse that is what you want for the country, but I would love to know what o bama and the left will do when they run out of other peoples money?


Bahahaha, this writers "o bama" construction is awfully cute.

But let's not forget "California mom"

Show nested quote +
What's the point of working hard if the government will steal all your hard work and give it to the lazy?


There's a nice nutshell for ya. At least we can be thankful that the conservatives in this thread aren't pretending that they've read the book.


Oh god that was pretty good. It's also pretty funny to see what else they have reviewed. Mark Levin, Rush Limbaugh, and Bill O'Reilly were some of the most popular writers that were given 5 star reviews by people that gave Picketty 1 star.

Yeah why listen to Picketty when you can read the priceless insight of Rush Limbaugh...
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
April 30 2014 17:56 GMT
#20552
in danglars native france the goal of the game is to get rich by any means and buy off the judges. if you can't even do that why live, eh edmond?
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
April 30 2014 18:59 GMT
#20553
WASHINGTON -- Senate Democrats could not advance their bill to raise the minimum wage on Wednesday, failing by a vote of 54-42 to clear the filibuster threshold.

The vote was an early hurdle for legislation that Democrats have put at the top of their economic agenda for the year. Even if the measure eventually garners the 60 votes needed to overcome a Republican filibuster in the Senate, it still faces long odds in the GOP-controlled House, where Republicans have shown no interest in bringing it to the floor.

Senate Republicans were expected to block the bill, which would raise the minimum wage from $7.25 to $10.10 per hour and tie it to inflation so that it rises with the cost of living. Democrats are hoping the issue will play well for them in this midterm election year given the overwhelming support among the general public for hiking the minimum wage.

"They don't even want us to have a proper debate on the bill, let alone pass it," Sen. Michael Bennet (D-Colo.) said ahead of the vote. "What is so radical about what we're trying to do?"

Discussion on the measure fell along familiar ideological lines on Wednesday. Democrats pointed out how the wage floor has eroded in recent years, leaving more low-income workers below the poverty line. Republicans argued that a wage hike would hurt the very workers it was meant to benefit.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
GreenHorizons
Profile Blog Joined April 2011
United States24341 Posts
April 30 2014 19:53 GMT
#20554
On May 01 2014 03:59 {CC}StealthBlue wrote:
Show nested quote +
WASHINGTON -- Senate Democrats could not advance their bill to raise the minimum wage on Wednesday, failing by a vote of 54-42 to clear the filibuster threshold.

The vote was an early hurdle for legislation that Democrats have put at the top of their economic agenda for the year. Even if the measure eventually garners the 60 votes needed to overcome a Republican filibuster in the Senate, it still faces long odds in the GOP-controlled House, where Republicans have shown no interest in bringing it to the floor.

Senate Republicans were expected to block the bill, which would raise the minimum wage from $7.25 to $10.10 per hour and tie it to inflation so that it rises with the cost of living. Democrats are hoping the issue will play well for them in this midterm election year given the overwhelming support among the general public for hiking the minimum wage.

"They don't even want us to have a proper debate on the bill, let alone pass it," Sen. Michael Bennet (D-Colo.) said ahead of the vote. "What is so radical about what we're trying to do?"

Discussion on the measure fell along familiar ideological lines on Wednesday. Democrats pointed out how the wage floor has eroded in recent years, leaving more low-income workers below the poverty line. Republicans argued that a wage hike would hurt the very workers it was meant to benefit.


Source


If only public opinion had any influence on policy.....

Overall, 73% of the public favors raising the federal minimum wage from its current level of $7.25 an hour to $10.10 an hour.
Among Republicans and those who lean toward the Republican Party, 70% who agree with the Tea Party oppose an extension of unemployment benefits and nearly as many oppose raising the minimum wage (65%). Yet 52% of non-Tea Party Republicans favor a one-year extension of unemployment benefits and an even higher percentage (65%) supports increasing the minimum wage.

Source

The Tea Party is a minority of America, and in Congress, yet virtually nothing can be passed without their approval even if overwhelming numbers of the public want it.

These Filibusters are just insane at this point. Republicans have made anything they don't bring up require a filibuster proof majority which is in every way not why it's there at all.
+ Show Spoiler +

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"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
Danglars
Profile Blog Joined August 2010
United States12133 Posts
April 30 2014 21:53 GMT
#20555
On April 30 2014 23:04 FallDownMarigold wrote:
Show nested quote +
On April 30 2014 15:12 Danglars wrote:
On April 30 2014 14:50 FallDownMarigold wrote:
Yes, suggesting you read up on the subject from someone that is studying the issue from an academic rather than political pundit perspective (http://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/067443000X/ref=zg_bs_6343232011_1) is 'advocating talking out of your ass'.

lol?
Yes, yes, we should listen to "people that actually look into that issue with unprecedented focus on actual data spanning decades in the US and around the world claim it IS problematic" (gag-inducing). I'm sure you either agree with Piketty or are too dumb to understand him. He's the Left's new favorite economist from Socialism Works France. The degree of condescension people like you use while claiming his 577 pages somehow blast apart modern economic thought and political considerations is breathtaking. Equally so is your blindness to your haughty attitude when you suggest turning off Fox to tune in to Piketty.


Expected this response. Just like a talking head on Fox News or even a conservative economist, there's no response to Piketty's work other than name calling: "it's socialist".

Of course I largely agree with him. Have not finished the book but the amount of research and raw data included is rather hard to ignore and simply discount by crying "Marxism" if you're an honest person not driven by your political agenda. It's sort of interesting you find academic work 'gag inducing' but don't find name calling gag inducing.
I get it, you fell in love. You see this contrast between right wing news centers and people that actually look into that issue with unprecedented focus on actual data spanning decades in the US and around the world. When the honeymoon's over and after the hangover's done, maybe then you'll find flaws in his analysis and recommendations.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
Last Edited: 2014-04-30 22:28:04
April 30 2014 22:15 GMT
#20556
what do you think modern economic thought is? friedman? lucas? sure, extreme believers of rational markets perfection may challenge picketty's policy conclusions or explain away his empirical results, but the guy did his homework and facts are facts.

fyi most economists voted for obama.


do you know who robert solow is? what did he say about picketty?
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
IgnE
Profile Joined November 2010
United States7681 Posts
April 30 2014 22:42 GMT
#20557
Danglars is what you would call a fundamentalist conservative. He doesn't respond to things like "evidence."
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
GreenHorizons
Profile Blog Joined April 2011
United States24341 Posts
April 30 2014 23:09 GMT
#20558
On May 01 2014 07:42 IgnE wrote:
Danglars is what you would call a fundamentalist conservative. He doesn't respond to things like "evidence."


Well unless it functions in an exculpatory way for someone or some action/idea he supports, or it convicts someone he abhors. In such cases the evidence becomes insurmountable.

It's a bit confounding honestly. I'm still looking forward to a response on how the Fairness Doctrine was 'killing free speech' in the 50's and what enlightened wisdom he has to offer on the Equal-Time Rule?
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
April 30 2014 23:27 GMT
#20559
On May 01 2014 07:15 oneofthem wrote:
what do you think modern economic thought is? friedman? lucas? sure, extreme believers of rational markets perfection may challenge picketty's policy conclusions or explain away his empirical results, but the guy did his homework and facts are facts.

Facts are facts, but not everything in Picketty's book are facts. He did do a lot of work collecting and discussing historical facts, but predictions on the future and policy recommendations aren't facts.
IgnE
Profile Joined November 2010
United States7681 Posts
April 30 2014 23:28 GMT
#20560
He's got faith in Friedman man. It will set him free.
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
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