Abenomics (aka akphidelt-onomics) close to perfect in Japan! What a shocker.

[wabashwonders]

if you're going to call someone liar, or fro that matter, label Europe's econ plans "austerity", then you have to say what % of cuts, otherwise you look like a retard pimping a failed ideology, which is exactly what fratfraud is.

Now, Mr. "Independent" (bahahahaha), I will give you the opportunity to redeem fratfraud.

What % of cuts? And in what countries?

If you say 1% out of the collection of PIGGs, then I will say "thank you very much" and the forum can just laugh at you.


For the final time, WHAT CUTS????

I never called you a liar, just said you look like a fucking idiot. And I already told you in a previous post that according to AK's graph there were ~5% spending cuts in 2012 but of course your graph ends in 2011 so it doesn't show it. You said not a single country had spending cuts and AK's graph of Italy shows there were cuts in 2012. Guess that does make you a liar.

 

[SheriffJoe]

Lol, your statement said there were NO cuts, which means it doesn't matter the % of cuts. Any % would prove you wrong. How dumb can you be? Lol

My statement was that (relative to the lying Keynesian sacks of shit who shriek "Austerity isn't working!" blah, blah, blah...) there are no cuts.

"It doesn't matter if it's 50% or .000001%"

Dude, you are beyond sick.

 

[PatsFan1283]

Joe didn't meant literally, he meant relatively. Atleast that is how I took it, thus making Japan/Eurozone not basis for comparison as to what system works.

I just read this thread for the first time and you guys spent 3 pages arguing over semantics. No wonder nobody can make a point around here.

 

[akphidelt]

You didn't say anything about the spending cuts being relative to anything. You simply claimed no European country cut spending. So I said it doesn't matter if the cut was 50% or .000001% because regardless it would make your statement false. Which you have spent now 3 pages trying to back peddle and dodge your false statement. It's actually very enjoyable watching this, lol. The level of pathetic you will stoop to just to not admit you were wrong is hilarious. And if you just admitted it at the beginning the rest of this idiocy from you wouldn't have needed to happen.

Here is your exact quote. Not made up quotes like you do for me.

"Not a single country in Europe that claims to be practicing austerity has cut spending. Oh, they've reduced its rate of growth which in the perverse mind of a statist is 'cutting' -- but they haven't actually reduced it."

 

[akphidelt]

Joe didn't meant literally, he meant relatively. Atleast that is how I took it, thus making Japan/Eurozone not basis for comparison as to what system works.

I just read this thread for the first time and you guys spent 3 pages arguing over semantics. No wonder nobody can make a point around here.

Relatively to what? Lol. Come on PatsFan, you are embarrassing yourself now.

 

[PatsFan1283]

Relatively to what? Lol. Come on PatsFan, you are embarrassing yourself now.

How would I be embarassing myself by interpreting what I thought he said? You act like I have a vested interest in protecting his opinion or something.

Relative to what would be considered legitimate austerity measures thus being able to form a comparison between the two models. That is what I thought he meant, I didn't take it as literal.

I can see how you think he moved the goal posts for sure and it is weird he didn't just say that his last 3 pages or whatever but when I read it I just assumed that is what he meant.

 

[akphidelt]

How would I be embarassing myself by interpreting what I thought he said? You act like I have a vested interest in protecting his opinion or something.

Relative to what would be considered legitimate austerity measures thus being able to form a comparison between the two models. That is what I thought he meant, I didn't take it as literal.

I can see how you think he moved the goal posts for sure and it is weird he didn't just say that his last 3 pages or whatever but when I read it I just assumed that is what he meant.

This is what he said...

"Not a single country in Europe that claims to be practicing austerity has cut spending. Oh, they've reduced its rate of growth which in the perverse mind of a statist is 'cutting' -- but they haven't actually reduced it."

How is that relative at all? If you compare what Europe is doing to what Japan is doing the relative difference is astounding. There is no comparison there. He literally has no clue what he is talking about. Sad to see you side with him like that. That's pretty embarrassing if you read through this and think he is making any valid points at all.

 

[SheriffJoe]

I never called you a liar, just said you look like a fucking idiot. And I already told you in a previous post that according to AK's graph there were ~5% spending cuts in 2012 but of course your graph ends in 2011 so it doesn't show it. You said not a single country had spending cuts and AK's graph of Italy shows there were cuts in 2012. Guess that does make you a liar.

Except if you go back, that isn't remotely in the context of what I said..unless you listen to the biggest lying sack this forum has ever seen.

So I will put the debate in context for you.

The whole point of this debate is that Keynesians call Europe's econ policies "austerity"...which is isn't working, blah, blah, blah...

According to Websters, the definition of "austerity" is, "a situation in which there is not much money and it is spent only on things that are necessary

Is that happening in Europe? NO! Not even remotely...

So fratfraud is doing what the left always does: playing gotcha politics because he is BADLY defeated on this issue.

Now, if you wanna join the loser clan chiming in calling me a liar, be my guest.

Just know that everything fratfraud stands for and believes in it's what's wrong with politics today, and why THINGS WILL NOT GT BETTER...until people like him and his ilk are purged from the system.

 

[akphidelt]

Except if you go back, that isn't remotely in the context of what I said..unless you listen to the biggest lying sack this forum has ever seen.

So I will put the debate in context for you.

The whole point of this debate is that Keynesians call Europe's econ policies "austerity"...which is isn't working, blah, blah, blah...

According to Websters, the definition of "austerity" is, "a situation in which there is not much money and it is spent only on things that are necessary

Is that happening in Europe? NO! Not even remotely...

So fratfraud is doing what the left always does: playing gotcha politics because he is BADLY defeated on this issue.

Now, if you wanna join the loser clan chiming in calling me a liar, be my guest.

Just know that everything fratfraud stands for and believes in it's what's wrong with politics today, and why THINGS WILL NOT GT BETTER...until people like him and his ilk are purged from the system.

That wasn't your argument at all, and regardless you are wrong...

Austerity...

"A state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits."

That is austerity, lol.

 

[PatsFan1283]

This is what he said...

"Not a single country in Europe that claims to be practicing austerity has cut spending. Oh, they've reduced its rate of growth which in the perverse mind of a statist is 'cutting' -- but they haven't actually reduced it."

How is that relative at all? If you compare what Europe is doing to what Japan is doing the relative difference is astounding. There is no comparison there. He literally has no clue what he is talking about. Sad to see you side with him like that. That's pretty embarrassing if you read through this and think he is making any valid points at all.

I didn't even side with him, I said I know what he was saying. The last few pages haven't been a debate about Europe/Japan, they have been a debate about what he did/didn't say. That doesn't even have anything to do with Japan.

I took it as him saying they aren't going far enough with austerity measures and their idea of cutting is a joke, not "they haven't cut", ok if you think he meant they haven't cut anything then yes he is wrong. Maybe you didn't take it that way and I'm not trying to let him off the hook of anything but that is how I took it.

As in their idea of austerity isn't going far enough and thus the 2 models can't be compared. Not that there is no cutting at all...

 

[akphidelt]

I didn't even side with him, I said I know what he was saying. The last few pages haven't been a debate about Europe/Japan, they have been a debate about what he did/didn't say. That doesn't even have anything to do with Japan.

I took it as him saying they aren't going far enough with austerity measures and their idea of cutting is a joke, not "they haven't cut", ok if you think he meant they haven't cut anything then yes he is wrong. Maybe you didn't take it that way and I'm not trying to let him off the hook of anything but that is how I took it.

As in their idea of austerity isn't going far enough and thus the 2 models can't be compared. Not that there is no cutting at all...

He said a statement that was incorrect. The rest of the 3 pages was him trying to back peddle out of that statement without saying he was wrong. His point has not been that they haven't cut enough. He said not a single country has reduced spending and even his graphs stop at 2011 he is using to indicate they haven't cut spending at all. Not sure how you came to that conclusion, but whatever. I for one would be embarrassed to even think Sheriff Joe is making some sort of decent argument. Because if you come to that conclusion, you really don't have a clue what you are talking about.

 

[SheriffJoe]

That wasn't your argument at all, and regardless you are wrong...

Austerity...

"A state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits."

That is austerity, lol.

What about the other countries? lol

You and Krugman are bad jokes.

 

[PatsFan1283]

He said a statement that was incorrect. The rest of the 3 pages was him trying to back peddle out of that statement without saying he was wrong. His point has not been that they haven't cut enough. He said not a single country has reduced spending and even his graphs stop at 2011 he is using to indicate they haven't cut spending at all. Not sure how you came to that conclusion, but whatever. I for one would be embarrassed to even think Sheriff Joe is making some sort of decent argument. Because if you come to that conclusion, you really don't have a clue what you are talking about.

I said I don't know why he didn't specify what he was saying sooner but when I first read the comment it was what I though the meant. When did I say I agreed/disagreed with him?

I just took it as him saying their version of austerity is a joke because they are big gov't leeches, whether you agree or disagree with that, that is what I thought he meant when I read it. You are right though he didn't really make the point he wasn't being literal over the next xyz pages.

 

[SheriffJoe]

"Austerity" to blame? But Where's the Austerity?

http://www.forbes.com/sites/paulroderickgregory/2013/05/26/austerity-to-blame-but-wheres-the-austerity/

 

[akphidelt]

What about the other countries? lol

You and Krugman are bad jokes.

Lol, what about the other countries? Same story. There's a reason why the IMF produced a report saying austerity has performed much worse than they predicted. It's a failed ideology and there is no surprise that you think it should work. You are dumb as fuck.

 

[SheriffJoe]

The Austerity Paradox: I See Austerity Everywhere, But Not in the Statistics

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2226319

 

[SheriffJoe]

I said I don't know why he didn't specify what he was saying sooner but when I first read the comment it was what I though the meant. When did I say I agreed/disagreed with him?

I just took it as him saying their version of austerity is a joke because they are big gov't leeches, whether you agree or disagree with that, that is what I thought he meant when I read it. You are right though he didn't really make the point he wasn't being literal over the next xyz pages.

Trust me, he is a lost cause.

Just makes it up as he goes along...

 

[SheriffJoe]

You are dumb as fuck.

You're projecting, Igloo Boy.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2226319

Abstract:
The core thesis of the paper is that taking a close look at the actual statistics available from Eurostat on the PIIGS-countries plus Cyprus, one finds little empirical evidence that the governments there have de facto reduced their total public expenditures. This is in stark contrast to the current austerity debate, which seemingly implicitly assumes that austerity has occurred over the past couple of years since the global Great Economic Crisis broke out in 2008. Therefore the author calls this empirical finding the austerity paradox. Many critics of the austerity policy of the current EU-member countries turn to this fact a blind eye. They point to the paradox of thrift as Keynes has named the contradiction that attempts to bring down a public deficit accomplished the opposite.

Hayek instead pointed out the opposite weaknesses related to extensive public deficit spending and extreme low nominal interest rates which leads to significant malinvestments in end, since the long-run interest rate will sooner or later return to its long-term market value. Furthermore the paper gives empirical evidence about the outcomes of the ECB monetary support given to the crisis countries combined with the EFSM/EFSF/ESM together with the IMF as has been recently made public by the ECB and the German Ministry of Finance. These data show that a significant amount of debt refinancing of the PIIGS-countries just now is done by these channels at very low interest rates. Therefore the bailout of the crisis countries has already led and will even more lead so in the future to a transfer union of the Euro area based on Eurobonds issued by the respective emergency lenders. On top of this now the ECB since last August promised to buy unlimited amounts of debt of member countries, which would make it very unlikely that austerity in the sense of lower public spending will occur in the PIIGS-countries in the foreseeable future. More likely is debt forgiveness for the PIIGS-countries at some time in the future as for Greece in a first step has already been done before. This contradicts the official interpretation that austerity is the primary source for the current high unemployment and recession in these countries.

Keynesians are the most dishonest group on the planet...extreme cult-like behavior.

 

[akphidelt]

You're projecting, Igloo Boy.

Keynesians are the most dishonest group on the planet...extreme cult-like behavior.

Are you going to admit you were wrong or continue posting bull shit?

 

[akphidelt]

I said I don't know why he didn't specify what he was saying sooner but when I first read the comment it was what I though the meant. When did I say I agreed/disagreed with him?

I just took it as him saying their version of austerity is a joke because they are big gov't leeches, whether you agree or disagree with that, that is what I thought he meant when I read it. You are right though he didn't really make the point he wasn't being literal over the next xyz pages.

He didn't specify it because he's a fucking fraud. I called him out for making a dumb statement and he back peddled away from it. He is a coward. How hard is that to understand based on what he is saying, lol. You are embarrassing yourself even considering the thought he is making a decent argument.