| mrstickball said: @Akvod - you said you 'posted the article again', but posted completely different articles. You know, your not really discussing the issues...Only posting what Krugman thinks. Are you wanting us to discuss economics with you, or Krugman? Your arguments are very confusing, as I don't know which to respond to. Maybe that is why the thread is getting de-railed? *edit* Also, your summary is way off base. Your summary was about how poor people spent more. None of the articles you posted by Krugman talk about that...Or am I missing an entire article you posted? |
I've posted the Stimulus Gone Bad article, which is complaining that the last stimuluses were directed toward the middle class who will most likely save the money, rather than spend it. The other articles are new, hence why I said "Extra" and "Bonus" before them.
I've already said my share in the very first few pages, but you guys ignore them. Therefore, I figured that since I'm not a good writer/arguer, I'll just bring in Krugman, whose saying the same exact thing to do it.
Me and Krugman's argument is quite simple... Spend now, save later
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You're obviously not reading anything I posted. Here's a quote from the article I posted twice: Stimulus Gone Bad
... And sending checks to people in good financial shape does little or nothing to increase overall spending. People who have good incomes, good credit and secure employment make spending decisions based on their long-term earning power rather than the size of their latest paycheck. Give such people a few hundred extra dollars, and they'll just put it in the bank.
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http://en.wikipedia.org/wiki/Marginal_propensity_to_consume
People who are in good shape have a small MPC
People in bad shape have a big MPC
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And you're clearly not addressing anything I said.
Can't you see the graphs and statistics? They're not rocket science. The negative inflation rate were in red >.< The price levels have gone down, along with the rates of bonds >.<
Do you at least concede that inflation and high borrowing costs are absolutely not an issue?
