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ACADEMIC NEVER WRONG
As usual, the Amazing Quiggin is proved correct!
I like how he tries to argue infrastructure spending now is putting back what was cut then.
Reality is infrastructure wasn’t cut then and after 10 years of very strong economic growth say 4% average gee could it be we are due for some increased infrastructure spending in line with the much larger economy.
I note that these leftie economists were predicting dire consequences quickly, I did not hear the line “yes it will be fine to cut back spending for a few years then as long as we increase back up again all will be well”.
Quiggin at the time predicted the sky would fall down by lunch time tomorrow. It didn’t.
I’d be willing to wager he was one of the sky is going to fall down brigade over the GST too.Posted by the nailgun on 2006 12 13 at 09:02 AM • permalinkThat sort of economics is just typical of Bush - instead he got stuck trying to figure out how many plastic turkeys he would need. Haw!
Yes, I know I’m a pompous ass, but why won’t you debate me? Go on, Andrea ban me if you date!
Yours sincerely,
ThePirateKing
Posted by Stop Continental Drift! on 2006 12 13 at 09:12 AM • permalinkI’ve read Quiggin’s post forwards, backwards, upside down, and I still don’t see how he arrives at the conclusion that Tim has conceded anything… Maybe I’m just not one of those clever economonistic types that understand how a government stealing wealth from productive individuals and pissing it into the pockets of people like Quiggin makes a country wealthier.
Posted by AlburyShifton on 2006 12 13 at 09:29 AM • permalinkThis is a great line from the link
If you’re going to run a social democracy, pick social democrats to do it - they want to make the system work.
Perhaps like in France eh?
I’m so grateful we in OZ are on an island far away from Europe and their wonderful social democratic successes
Posted by aussiemagpie on 2006 12 13 at 09:46 AM • permalink#8: Dear fellow, as someone who has alternately slept and doodled his way through several economics courses, permit me to explain it to you. You see, it’s all based on what’s known as the velocity of money (Economist-commenter Havesy will confirm this). The government takes your money through taxes, money which - admit it now! - you would most likely have simply kept in the bank, or used to buy fairly useless things like, say, food. The money is then transferred to a subsidized high-roller like Quiggin, whose wallet is like a sliding-board greased with vaseline. The money passes from Quiggin with blinding speed to a great variety of businesses offering numerous useful products: flea powder, beard combs, hairnets, Grecian Formula, and so forth. So, instead of sitting uselessly in a bank vault, like a pile of moldy, forgotten rags in the back of your garage, against the advent of some dubious need, like health care or your childrens’ education, your money is released into the wild, where it goes frisking through the boscage like so many cute Disney forest creatures, spreading sweetness and light.
#11
That explains that, then! The Perfectly Acceptable ‘Conomic Oracle has done its educational work once more.
I had a beard like Quiggin’s, once. Unfortunately, I had to let it go. It never returned to me, so I guess it was never really mine…
Posted by AlburyShifton on 2006 12 13 at 10:03 AM • permalinkPlastic Turkey?
Pirate king, what are you talking about?
Your post reminds me of a scene from one of the Batman movies where Jim Carey played The Joker. The line?
“Was that over the top? I can never tell.”
I just have to believe that you are posting ironically. Either way, Andrea is not in the business of banning entertaining posters. At least until we figure out whether you are being intentionally, or unintentially entertaining. This is not the DU or Kos where posters who diagree are banned.
It’s probably cadging food from tourists in Yellowstone Park if it was anything like Quiggins’.
Well, it WAS smarter than the average beard.
Posted by AlburyShifton on 2006 12 13 at 10:12 AM • permalinkYour post reminds me of a scene from one of the Batman movies where Jim Carey played The Joker.
Jim Carey played the Riddler. Jack Nicholson played the Joker.
Posted by Rob Crawford on 2006 12 13 at 10:14 AM • permalinkI retract what I said about PK here, after his posts in other threads.
Posted by The_Real_JeffS on 2006 12 13 at 10:42 AM • permalinkGuys, look at the name in the comments field before you react. Comment #4 was Stop Continental Drift! doing what you guys call “taking the piss.” You were a little too convincing, SCD!
Posted by Andrea Harris, Administrator on 2006 12 13 at 11:03 AM • permalink#25 Andrea
Guys, look at the name in the comments field before you react. Comment #4 was Stop Continental Drift! doing what you guys call “taking the piss.” You were a little too convincing, SCD!
He was! It was a bit jarring to say the least. It took me a second to realise it was satire…
Posted by Spiny Norman on 2006 12 13 at 12:16 PM • permalinkI retract what I said about PK here, after his posts in other threads.
Shit, that’s what I get for early morning blogging. My apologies, PK.
SCD, if you are going to pull that stunt, at least misspell the name in the post? Look a little less convincing, and maybe use a “/sarcasm” tag, hmmmmmm?
Posted by The_Real_JeffS on 2006 12 13 at 12:22 PM • permalink“If you’re going to run a social democracy, pick social democrats to do it - they want to make the system work.”
Oh, doesn’t he ever wish, the Quigster. Just three problems: 1) What if the majority don’t want to run a social democracy? 2) Even if they do, what if a social democracy can’t be run successfully in the long term? 3) And even conceding that one can run it successfully, what makes you think that “wanting” to make the system work is synonymous with being competent to make it work? Isn’t that generally the biggest problems with you lefties, the lack of applicable real-world skills?
Seriously, would this guy even be capable of passing an introductory course in logic? He’s obviously well-versed in Bullshitting 801, though.
Good thing I’m not a lefty, or I’d have to accuse Quiggin of making a victim out of me…if people make fun of me in the future because I actually bothered to get a degree in economics, it’s almost certainly going to be because guys like him are ruining our collective reputation.
#11 Curiously, the velocity of money has the same units as the Hubble constant.
I don’t want to engage in idle speculation like the economists, but it does suggest that the velocity of money was infinite at the big bang.
This means you needed very little of it, if prices were stable.
If it goes negative, it means the world is collapsing, and shopkeepers pay you to take their stuff.
From G & S
Oh, better far to live and die
Under the brave black flag I fly,
Than play a sanctimonious part,
With a pirate head and a pirate heart.
Away to the cheating world go you,
Where pirates all are well-to-do;
But I’ll be true to the song I sing,
And live and die a Pirate King.For I am a Pirate King!
And it is, it is a glorious thing
To be a Pirate King!For I am a Pirate King!
Someone got the reference SCD. How much in grant money is the well-to-do Quiggin <strike>plundering</strike> being granted from the public purse? Arr.
I find that lefties, as the degree of their errors increase, spin their fantasies faster and faster in response. Quiggie is currently approaching relativistic speeds with his current post.
Posted by The_Real_JeffS on 2006 12 13 at 02:15 PM • permalinkHey! That’s supposed to be “damn Yankees”! Get the jargon right, wouldja, Veeshir?
;-P
Posted by The_Real_JeffS on 2006 12 13 at 03:03 PM • permalinkFinally, God (the new testament one, not the old) bless George Galloway
The New Testament God killed two people for lying in order to look good (Acts 5). That’s exactly the kind of blessing Galloway needs.
Posted by AlburyShifton on 2006 12 13 at 04:59 PM • permalink#44: TO THE WRIGHT-RIGHT: ARE YOU AFRAID OF THE TRUTH?
This was obviously directed to Wronwright by the semi-literate commenter. I wouldn’t take that kind of stuff if I were you, Wron!
Some choice rabid moonbat froth over there. The guy’s getting pistol-whipped by the other commenters, though. Good site, Moptop.
Thanks paco.
I should have given the link to the blog.
No Pasaran! Who needs Goebbels when they have the BBC?
For the finest moonbattery, and every true connoiseur knows this, Europe remains unrivalled, despite the best efforts of California. France, once again, enjoys a vintage year.
You were a little too convincing, SCD!
Oops, sorry. But I’ve thrown down the gauntlet, together with a half eaten bowl of Cincinnati chilli, to the PiratePorker here.
Posted by Stop Continental Drift! on 2006 12 13 at 06:04 PM • permalink“And to back it up, he can now quote this thread’s headline.”
Too right! Ain’t irony wonderful.
Posted by John Quiggin on 2006 12 13 at 06:14 PM • permalink#39
Looks to me like Quigg’s visage has made it to the top left corner of the main page on so called timblair.net
Posted by Margos Maid on 2006 12 13 at 06:48 PM • permalinkThe problem is that you Aussies are just like the damn Americans. You refuse to defer to your betters.
We’ll defer to them all right - if we ever find them.
Posted by SwinishCapitalist on 2006 12 13 at 06:49 PM • permalinkHi, PW. BTW, I meant to congratulate you on your detective work a couple of threads back leading to the inference that I had been “quietly put out to pasture” at UQ.
Posted by John Quiggin on 2006 12 13 at 06:56 PM • permalinkJohn Quiggin tag? C’mon Margo’s Maid, that’s really you isn’t it?
Surely to God not even the most egotistical academic - even one who’s never wrong - would find the need to enter here? ROFL!
But if so, how’d that cool million go down, eh?
Posted by Stop Continental Drift! on 2006 12 13 at 07:24 PM • permalinkCan’t say too much SCD, cos what happens in Vegas…
Doh! - wrong tag.
Posted by Margos Maid on 2006 12 13 at 07:40 PM • permalinkI am sure that Quigg’s arguments have been “generally accepted” among like-minded socialist economists who will take high unemployment over economic growth any day of the week as long as nobody drives a car too much nicer than anybody else.
However, as to the post riposte back and forth of the internet, he is clearly out of his depth. It has long been held as true on the right that lefties are without a sense of irony. I am still waiting for the exception that proves that rule.
One can see why the good proffesori is so keen for government investment in the fillum industry to continue.
“And to back it up, he can now quote this thread’s headline.”
Too right! Ain’t irony wonderful.
Of course, to quote that headline means a link back to Tim’s post, and the entire thread here. I’m sure Professor John Quiggin, academic and renowned economist, would not quote someone without a reference to the original discussion, just to insure the proper context is maintained.
Isn’t that right…...“Professor” Quiggin?
Posted by The_Real_JeffS on 2006 12 13 at 08:55 PM • permalinkHow can I defer to my betters when they have those dirty boot marks all over their heads? (Buggered if I’m letting them up just for that…)
Posted by richard mcenroe on 2006 12 13 at 09:21 PM • permalink#40, so the socialists are rudderless?
Posted by Wimpy Canadian on 2006 12 13 at 09:22 PM • permalink...then why did they elect him?
Up the creek without a rudder???
Posted by Wimpy Canadian on 2006 12 13 at 09:23 PM • permalink#65 Moptop, what a loser a she is. She doesn’t understand the difference between IRONY and sarcasm. I think she meant IRONY. Stupid bitch.
Posted by Wimpy Canadian on 2006 12 13 at 09:29 PM • permalink“a social democracy”
What’s that? A totalitarian state where we get to vote for who the tyrants are going to be this year?
Count me out.
Posted by Dave Surls on 2006 12 13 at 09:56 PM • permalinkrichard mcenroe, when asked to see one’s “superior” the proper response is, “I *have* not superiors and damn few equals.”
And wasn’t it an American patriot who, when asked by a Btitish officer, “Who is your superior?” answered, “The sunavabich hasn’t been born.”?
Posted by JorgXMcKie on 2006 12 14 at 01:43 AM • permalinkWhoops! PIMF. ‘not superiors’ should read ‘no superiors.’
Posted by JorgXMcKie on 2006 12 14 at 01:44 AM • permalink
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That beardy bastard should go into politics- he’s quite agile at trying to make black for all intents and purposes appear white, convincing himself, a few fellow travellers and no one else that this is indeed the case.
Utterly shameless, and an utterly blinkered ideologue. I think parliament deserves no better.
Want Spending Bigger? Vote For The Quigger!
(Send it down the dunny, it’s other bastards money).
I might have to indulge in some direct wealth redistribution*- the Quiggster would no doubt prefer it to filter through several levels of wasteful bureaucracy, but bugger that, I’m going to swipe his no doubt swish stereo, and collection of Yes LPs.
*This blithing idiot is so disconnected, he really cannot fathom the seething rage that thieving governments and wastrel public fund siphons elicits in the productive. At least in the scrub, you can detach a leech with a lit ciggie- these leeches want to throw you in jail for lighting one up.