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I think Friedman has been reading EJ's book....

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  • I think Friedman has been reading EJ's book....

    Some of the comments seem rather similar...

    http://www.nytimes.com/2010/09/29/op...e&ref=homepage
    18
    Was derived
    77.78%
    14
    Was not derived
    16.67%
    3
    Not sure either way
    5.56%
    1

  • #2
    Re: I think Friedman has been reading EJ's book....

    That's exactly what I thought when I was reading the article. I didn't see the author until the end of the article (reading on my iphone) and thought throughout the article that I was reading an editorial by EJ.

    Comment


    • #3
      Re: I think Friedman has been reading EJ's book....

      He received the book on August 3. He has never made these arguments prior to August 3 as far as I know.

      There is no argument made in his editorial that is not made in my book except one:
      "That is the only long-term solution to our problem — to grow our way out of debt with American workers who are more empowered and educated to compete."
      My argument is that commercial banks should suffer the consequences of their bad investments during the housing bubble just as the venture capital firms did after the collapse of the dot com bubble.

      I don't expect we will ever see the term "FIRE Economy" in the New York Times. If you ever do, I'll also start to think about selling gold because that will mean that a major political shift has occurred that will allow the US to get off the current track that is leading us off a cliff, of balance sheet recession management via fiscal stimulus.
      Last edited by FRED; October 01, 2010, 02:19 PM.

      Comment


      • #4
        Re: I think Friedman has been reading EJ's book....

        Originally posted by EJ View Post
        He received the book on August 3. He has never made these arguments prior to August 3 as far as I know.

        There is no argument made in his editorial that is not made in my book except one:
        "That is the only long-term solution to our problem — to grow our way out of debt with American workers who are more empowered and educated to compete."
        My argument is that commercial banks should suffer the consequences of their bad investments during the housing bubble just as the venture capital firms did after the collapse of the dot com bubble. The FIRE Economy media has no interest in a public discussion of how to force the banks to take their post housing bubble haircut.

        I don't expect we will ever see the term "FIRE Economy" in the New York Times. If you ever do, I'll eat my hat. I'll also start to think about selling gold because that will mean that a major political shift has occurred that will allow the US to get off the current track that is leading us off a cliff, of balance sheet recession management via fiscal stimulus.

        Eric, im sure you are already attempting this.. But, you need to get on national MSM so that your ideas don't get ripped off so easily.... Your work is published in Harpers, Harvard Business, etc.. Average folks barely read ;) You need to get on CNBS, CNN money, etc, that will get your work a wider reach... They might suck, but they do have the wider audience... Schiff & Faber on all the time... Unfortunately, i feel like they are there to be punching bags... Our news networks resemble the WWE more than actual news networks... "Bull Vs Bears; come check out who will get annihilated tonight @5"

        Also, you might try seeing about getting on Jon Stewart He is actually pretty smart and i think a better news source than the other outlets.
        Last edited by FRED; October 01, 2010, 01:55 PM.

        Comment


        • #5
          Re: I think Friedman has been reading EJ's book....

          this is bullshit.

          everyone post a comment on friedman's oped right right now...

          say...

          'these are the exact same arguments that eric janszen makes in his book the postcatastrophe economy!'

          see if the mods at the nytimes let them through!

          Comment


          • #6
            Re: I think Friedman has been reading EJ's book....

            Originally posted by metalman View Post
            this is bullshit.

            everyone post a comment on friedman's oped right right now...

            say...

            'these are the exact same arguments that eric janszen makes in his book the postcatastrophe economy!'

            see if the mods at the nytimes let them through!
            Noted it says: "Comments are no longer being accepted" at the NYT webpage as of @3 PM EST...
            BDAdmin
            iTulip Forum Administrator

            Comment


            • #7
              Re: I think Friedman has been reading EJ's book....

              Congratulations EJ, on getting your ideas broadcast on a big stage, attributed or not.
              It really is a notable achievement and a great endorsement.

              How many of us can honestly say our work was directly plagerized by Friedman in the New York Times?
              Or back up our claim that he's a jackasss with a good solid reason like yours with evidence in print?
              Last edited by thriftyandboringinohio; October 01, 2010, 07:21 PM.

              Comment


              • #8
                Re: I think Friedman has been reading EJ's book....

                Originally posted by thriftyandboringinohio View Post
                Congradulations EJ, on getting your ideas broadcast on a big stage, attributed or not.
                It really is a notable achievement and a great endorsement.

                How many of us can honestly say our work was directly plagerized by Friedman in the New York Times?
                Or back up our claim that he's a jackasss with a good solid reason like yours with evidence in print?
                friedman =

                said it before...are we gonna let the msm bury the truth about fire economy????

                post a message on the jon stewart show forum...

                post on sephen colbert's site...

                send email to bill mahar's producers...

                point them to...

                http://www.csmonitor.com/Books/Book-...trophe-Economy

                http://www.janszen.com

                Comment


                • #9
                  Re: I think Friedman has been reading EJ's book....

                  iTulip is getting boring nowadays. Previously then "Symbols" and "metalman/clue" used to go after each other, I used to think that was getting acrimonious.

                  Nowadays, nothings like that. Gold makes new highs and everyone yawns. Anyway kudos to EJ's indirectly though ideas getting stolen.

                  Comment


                  • #10
                    Re: I think Friedman has been reading EJ's book....

                    Originally posted by EJ View Post
                    My argument is that commercial banks should suffer the consequences of their bad investments during the housing bubble just as the venture capital firms did after the collapse of the dot com bubble.
                    An admirable position and one I support wholeheartedly.

                    Perhaps I don't understand, but I had thought that the train has already left the station on this one and the decision made 2 years ago to bail out the banks.

                    How would the debt forgiveness be implemented in practice? Have not many of the losses already been transferred to the public ledger, e.g., via Fannie and Freddie? Are you suggesting claw backs?

                    If you combine this with a removal of mortgage subsidies and capital gains free real estate transfer, we might just see real estate become affordable again and houses used for living in versus speculating.

                    Comment


                    • #11
                      Re: I think Friedman has been reading EJ's book....

                      Originally posted by sishya View Post
                      iTulip is getting boring nowadays. Previously then "Symbols" and "metalman/clue" used to go after each other, I used to think that was getting acrimonious.

                      Nowadays, nothings like that. Gold makes new highs and everyone yawns. Anyway kudos to EJ's indirectly though ideas getting stolen.
                      Gold has been going up for 2 months straight How many days can you feel enthusiastic about writing "Gold is going UP!!!!!!" ;) After a while it becomes a moot point ;)

                      Comment


                      • #12
                        Re: I think Friedman has been reading EJ's book....

                        Previously then "Symbols" and "metalman/clue"
                        Well, c1ue and I had a go at it a few days ago, on the Predator Drones based on pirated malfunctioning software thread. But even I will have to admit that our effort was vastly more boring than the tangles of days past.
                        Most folks are good; a few aren't.

                        Comment


                        • #13
                          Re: I think Friedman has been reading EJ's book....

                          Originally posted by vinoveri View Post
                          Perhaps I don't understand, but I had thought that the train has already left the station on this one and the decision made 2 years ago to bail out the banks.

                          How would the debt forgiveness be implemented in practice? Have not many of the losses already been transferred to the public ledger, e.g., via Fannie and Freddie? Are you suggesting claw backs?
                          Exactly. And in a post recently I believe EJ/Fred made this very same point; more precisely, a clarification that stated the transfer to the public ledger. Therefore, how do the banks take the haircut?

                          Comment


                          • #14
                            Re: I think Friedman has been reading EJ's book....

                            Whose was the one vote for "not derived"? Come on Tom, tell us your screen name. We're all friends here!

                            Comment


                            • #15
                              Re: I think Friedman has been reading EJ's book....

                              Originally posted by jpatter666 View Post
                              Some of the comments seem rather similar...

                              http://www.nytimes.com/2010/09/29/op...e&ref=homepage
                              I'm a little confused because I don't think this a rip off of EJ at all. He says many of the same things he has always said. For example, May 2010:

                              "I suggested a $1-a-gallon ''Patriot Tax'' on gasoline that could have simultaneously reduced our deficit, funded basic science research, diminished our dependence on oil imported from the very countries whose citizens carried out 9/11, strengthened the dollar, stimulated energy efficiency and renewable power and slowed climate change."

                              Moreover, the generic comments about making America competitive again are repeated ad naseum throughout establishment mainstream economic forums.
                              --ST (aka steveaustin2006)

                              Comment

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