US Politics Mega-thread - Page 3049

TV Pundits Praise Hillary Clinton On Air, Fail to Disclose Financial Ties to Her Campaign

The bottom line of our evaluation of Professor Friedman’s analysis is that it is highly deficient. The estimated demand-induced effects of Senator Sanders’s policies are not just implausibly large but literally incredible. Moreover, even if they were not deeply flawed, Freidman’s enormous estimates of demand-fueled growth could not and would not come to pass. Even very generous estimates of the amount of slack still present in the American economy would not be enough to accommodate demand-driven growth of anything near what Friedman is estimating. As a result, inflation would soar and monetary policy would swing strongly to counteract them. Finally, a realistic evaluation of the impact of Senator Sanders’s policies on productive capacity (something that is neglected in Friedman’s analysis) suggests that those impacts are likely small and possibly negative.Though we have been frankly critical of Professor Friedman’s analysis, he has provided a service to public debate by posting his analysis so that other economists can evaluate its validity. We are posting our evaluation in the same spirit.

On February 26 2016 13:37 Hexe wrote:
She has one good point though. Sanders is a one trick pony candidate.

On February 26 2016 14:21 kwizach wrote:
xDaunt, you've never actually answered this question: among the five people on stage, who would you like to see become president?

On February 26 2016 14:14 Hexe wrote:
government can provide? socialist fiend

On February 26 2016 13:26 kwizach wrote:
...aaaand GH's back to his Hillary bashing.

We could instead go back to what I posted before the debate:

Christina D. Romer (Chair of the Council of Economic Advisers from 2009 to 2010) and David H. Romer (Professor of Economics at Berkeley) have released an analysis of Friedman's work on Sanders' policies.

Source (.pdf)

On February 26 2016 13:26 kwizach wrote:
...aaaand GH's back to his Hillary bashing.

We could instead go back to what I posted before the debate:

Christina D. Romer (Chair of the Council of Economic Advisers from 2009 to 2010) and David H. Romer (Professor of Economics at Berkeley) have released an analysis of Friedman's work on Sanders' policies.

Source (.pdf)

On February 26 2016 10:50 CannonsNCarriers wrote:


It didn't end well when I started pasting in the charts. They ended up running to the argument that they didn't understand it, so why should the Average Voter understand it? Thus it doesn't matter right? If you are engaged enough in politics to learn about Bernie, you ought also be engaged enough in politics to wonder if his plans are functional. I feel like this is just lethal to Bernie though. His big meme is addressing income inequality in America. Thus his plan on addressing it needs to be airtight.