[lbo-talk] Krugman

Dennis Claxton ddclaxton at earthlink.net
Mon Dec 17 15:30:33 PST 2007



>
> > It comes from the wishful thinking of stagnationist Marxists!
>
>I doubt it. I would assume that all available funds go to "real
>investment" AS LONG AS real investment is available. and the shift of
>funds into "bubbles" is evidence that real investment has reached its
>maximum under the given conditions so that there are surplus funds with
>no place to go except speculative activity. The evidence for this is
>precisely the evidence Seth gives: that the bubble did not detract from
>"real investment."
>
>Don't you EVER get tired of replacing actual analysis with wild guesses
>as to the motives of people you don't even know?
>
> Carrol

Sheesh Carrol. The one-liner you pounce on here was followed by a ton of actual analysis. Sometimes it looks like a toss-up as to which the left needs worse, nice clothes or a sense of humor.



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