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View Diary: Abbreviated Pundit Round-up: The fiscal thingie and what Republicans need to do about it (114 comments)

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  •  Milton Friedman, Nobel and all. (0+ / 0-)

    I'm sure the Nobel means something.
    Good table manners, perhaps?

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Mon Dec 10, 2012 at 05:28:36 AM PST

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    •  Nobel winner Stiglitz, et al (3+ / 0-)
      Recommended by:
      annieli, Patate, Larsstephens

      great dinner conversation from any of them.

      Market fundamentalism (also known as free market fundamentalism) is a pejorative term applied to a strong belief in the ability of laissez-faire or free market economy views or policies to solve economic and social problems.[1]

      "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

      by Greg Dworkin on Mon Dec 10, 2012 at 05:32:39 AM PST

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    •  oh, and btw on Milton Friedman? (4+ / 0-)
      He said that he was a libertarian philosophically, but a member of the U.S. Republican Party for the sake of "expediency"
      Note that select group (Friedman, Stiglitz, Krugman) absolutely does not include Arther Laffer.

      "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

      by Greg Dworkin on Mon Dec 10, 2012 at 05:35:47 AM PST

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      •  No, but it does include economists from very (0+ / 0-)

        different perches within the dismal science.

        Some (Krugman) more dismal and less science (Krugman again)

        And...
        uniformly good table manners, one hopes.  

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Mon Dec 10, 2012 at 05:48:51 AM PST

        [ Parent ]

    •  Who gives a shit about Friedmans prize? (3+ / 0-)

      His ideology has caused countless suffering around the world for decades so a handful of people could get richer. Fuck Friedman, his plan does not work. Never did, never will. Friedmanites spend their lives trying to justify his failed theories,..."oh, if only we implemented his visions stronger they would've worked this time". Just like the Rightwing now, doubling down on the stupid, "we need a true Conservative next time. Its not that our ideology is flawed, its the way we sell it." Meanwhile, Krugman has been right at practically every turn and is all but ignored by the beltway, dismissed as the false equivalence of Milton Friedman despite the fact that Keynesian theories actually did work and pulled us out of great troubles in the past. In the sense that Friedman's crap was designed to extract wealth from the lower classes and their governments into the pockets of the wealthy I'd say yes, it's been successful. To say that it is an economic model that will benefit the lower classes and improve their lives and strebgthen their governments is a sad joke.

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