Re: Leftists knocking Friedman ?

Lysander wrote:
> On Feb 22, 8:22 am, Jeffrey Turner <jtur...@[EMAIL PROTECTED]
> wrote:
>>Lysander wrote:
>>>On Feb 20, 8:45 pm, Vide...@[EMAIL PROTECTED]
 wrote:
>>
>>>>On Feb 20, 7:29 pm, Jeffrey Turner <jtur...@[EMAIL PROTECTED]
> wrote:
>>
>>
>>>>i ask every one of these cranks, show me one of his success stories,
>>>>kenya, new zealand, chile, the u.k., argentina, etc., the list of
>>>>failures is huge. they cannot show me one success story unless they
>>>>lie.
>>
>>>The United states through the 1980's and 1990's. Greenspan followed
>>>rational expectations policies and lowered inflation without
>>>increasing unemployment and the economy did quite well. A 10 year
>>>expansion.
>>
>>****in' bull****.  The price of oil dropped significantly and the U.S.
>>went on a $2 trillion borrowing binge.  That was the financial "miracle"
>>of the 1980s.
> 
> What you are speaking of has nothing to doing with proving the
> Phillips curve wrong in that inflation can be lowered without raising
> unemployment. Rational Expectations was needed to show that. I am
> referring to how Greenspan lowered average inflation from 4% in the
> early 90's to 1 to 2% in the late 1990's without an increase in
> unemployment. Something the Phillips Curve said was impossible.

You mean he proved you could make people work harder for less if you
shredded the social safety net and plundered cor****ate pension plans?
Abso-****ing-lute brilliance.

>>>As far as I know the UK has never followed a fixed monetary policy
>>>strategy. Only New Zealand can be verified as following fixed monetary
>>>policies. Out of the 4 countries you list two are LDCs which have a
>>>different set of policy prescriptions.
>>
>>Just go back to your supply-side monastery and leave economics to those
>>who understand reality.
> 
> Supply-side? You are an idiot. There is nothing here that says
> anything about supply-side. I believe your grip on reality is tenuous
> at best as well.

Well, you're an idiot and a sycophant, so what do I care about your
beliefs?

--Jeff

-- 
It is only those who have neither
fired a shot nor heard the shrieks
and groans of the wounded who cry
aloud for blood, more vengeance, more
desolation.  War is hell.
--William Te***seh Sherman