View Single Post
Old 02-16-2009, 02:05 AM
x9#z6 x9#z6 is offline
Join Date: Dec 2008
Posts: 27
Default Re: Economic Throwdown Edition

If at first you don't succeed try, try again:

Megan's arguing style here is dangerously close to the circular logic of intelligent designers. Sorry Megan, I still enjoy listening to you. If you think that the approximation of the multiplier being close to 1 on round 1 (say 0.95) is wrong then what is a better estimate? To counter with "I don't know, economic models are imperfect" is a little lame. If you think health care is such a big counter example prove that examples like it are the dominant source of the spending and not examples like the excess supply of steamrollers or whatever.
Reply With Quote