tag:blogger.com,1999:blog-4900303239154048192.post5166541238126781736..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: The Three Components of Investment Demand – How Barro & Mankiw Are Talking Past Baker and DeLongUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4900303239154048192.post-5757680813904431182011-09-13T19:32:07.572-04:002011-09-13T19:32:07.572-04:00The most egregious lie in the remarks is:
"W...The most egregious lie in the remarks is:<br /><br />"What drives investment? Stable expectations of a sound economic environment, including the long-run path of tax rates, regulations and so on."<br /><br />Horse crap.<br /><br />What drives investment is the inflation monster eating the rich person's pile of money. Inflation moves the money out of the bank vault and into REAL CAPITAL DEVELOPMENT. Of course, the creator of money must provide a destination for all that money. That is what taxes are for.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-88107906891867526012011-09-13T15:15:43.675-04:002011-09-13T15:15:43.675-04:00Mankiw is a Romney advisor - along with Glenn Hubb...Mankiw is a Romney advisor - along with Glenn Hubbard. Yes - the Bush CEA chair has decided to become economists for Romney. After all - they did such a great job with economic growth and bringing down the public debt!ProGrowthLiberalhttps://www.blogger.com/profile/17138489390594441753noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-75628497460894291902011-09-13T13:42:37.417-04:002011-09-13T13:42:37.417-04:00The investment in soft ware and equipment
Is at a ...The investment in soft ware and equipment<br />Is at a rate normal at this stage of a recovery ?<br /><br />The investment rate over the cycle ned's to be<br /> super imposed here<br /><br />Yes it's doubtless changed shape and size over the b cycles since say 1950<br /><br />But comparing to expected rate at this stage however loosely defined that may have together looks like the correct move here <br /><br />The ridiculous conflation of construction with durables <br />Has two sides<br />Business and household<br /><br />The suggestion is<br /><br />Residential purchases of new housing is bogus <br />And similarly with new business structure purchases<br /><br />Okay we get to believe buying equipment and soft ware is <br />zippy <br /><br />But <br /><br />What do household durable purchases look like?<br /><br /><br />The credit drought factor here ?Owen Painehttps://www.blogger.com/profile/13675803406994867138noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-26368542496603203952011-09-12T20:51:39.628-04:002011-09-12T20:51:39.628-04:00Is Mankiw a Romney advisor?Is Mankiw a Romney advisor?Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-35382735326104877832011-09-12T14:56:34.308-04:002011-09-12T14:56:34.308-04:00Suzan - exactly. I think they call this behavior ...Suzan - exactly. I think they call this behavior drinking the Kool Aid. And it seems Barro has started guzzling the stuff!ProGrowthLiberalhttps://www.blogger.com/profile/17138489390594441753noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-6367793008004467762011-09-12T13:49:57.801-04:002011-09-12T13:49:57.801-04:00Kudos on your analysis!
I have feared for a long ...Kudos on your analysis!<br /><br />I have feared for a long while now that Mankiw's public views have been formed not by his views on economics but on his politics.<br /><br />And although the same can be said of many of us, these public figures should be very sure before publishing that their formulations are as close to pristine as possible.<br /><br />Because the reviews are vigorous.<br /><br />hehCirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.com