tag:blogger.com,1999:blog-2222630007427380394.post5645787909372153045..comments2023-12-20T04:18:41.617-06:00Comments on The Hunting of the Snark: AusteritySusan of Texashttp://www.blogger.com/profile/00076915322771385454noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2222630007427380394.post-86285980078437617752013-02-09T17:03:05.952-06:002013-02-09T17:03:05.952-06:00TheStone -- Exactly. Latvia has an "open eco...TheStone -- Exactly. Latvia has an "open economy" and let Market Forces control its destiny. About 13% voted with their feet, and another 13% (give or take a NAIRU) had a decision made for them.<br /><br />(Look at the combined unemployment rate and out-migration for Spain, Greece, and Eire. Throw in Portugal if you want. I believe the composite is still the best case for austerity to date.)Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-16642984928578519562013-02-09T13:06:55.367-06:002013-02-09T13:06:55.367-06:00Aargh, I had to apologize to McArdle for other pos...Aargh, I had to apologize to McArdle for other posts regarding the same manner. I misinterpreted the Iceland thing as worse than it was (while not discussing the worst part). And the Latvia thing must be my faulty memory. <br /><br />Embarrassing. I am usually very very careful because I hate making mistakes.Susan of Texashttps://www.blogger.com/profile/00076915322771385454noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-4765474813401341972013-02-08T20:05:47.140-06:002013-02-08T20:05:47.140-06:00That Iceland post is really more of a smoke throwe...That Iceland post is really more of a smoke thrower. Instead of denying they're doing well, she just me-toos a Tyler Cowen second hand bafflegabber about details of Icelandic banking - a subject that neither McArdle, Cowen or any of us understands.<br /><br />I do know that she negelect to mention nationalization of the banks or criminal prosecution of the bankers.Downpuppyhttps://www.blogger.com/profile/10312490198813632190noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-78803345340227687082013-02-08T18:44:43.917-06:002013-02-08T18:44:43.917-06:00Sheer concision.
You're getting quite good at...Sheer concision.<br /><br />You're getting quite good at this, you know.joel hanesnoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-24667987250028171552013-02-08T17:50:20.195-06:002013-02-08T17:50:20.195-06:00Those were her assigned talking points.
There are...Those were her assigned talking points.<br /><br />There are no intelligent people who will make that argument, so they chose someone who <i>sounds</i> "smart" (to stupid people) to drool the propaganda. Kathyhttps://www.blogger.com/profile/03176801494652946278noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-22138389298394508462013-02-08T17:47:42.528-06:002013-02-08T17:47:42.528-06:00The Iceland post is here.
http://www.thedailybeas...The Iceland post is here.<br /><br />http://www.thedailybeast.com/articles/2013/01/22/how-well-is-iceland-doing.html<br /><br />If you read the comments you might notice that she left out the unemployment number at first. She left a placeholder to fill in later ("TK") <br /><br />I can't find the Latvia post. I'll try again later.Susan of Texashttps://www.blogger.com/profile/00076915322771385454noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-40318197641554841542013-02-08T16:21:36.210-06:002013-02-08T16:21:36.210-06:00Could you narrow down the "Megan said"? ...Could you narrow down the "Megan said"? I'm feeling a bit masochistic & ready to deal with the whole quotes.Downpuppyhttps://www.blogger.com/profile/10312490198813632190noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-39695845211258489262013-02-08T14:05:35.066-06:002013-02-08T14:05:35.066-06:00"Pain for thee, but not for me. 'Cause I..."Pain for thee, but not for me. 'Cause I'm special...So Special!"<br /><br />- Meegan<br />~ifthethunderdontgetya™³²®©https://www.blogger.com/profile/06252371815131259831noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-65970156488797683712013-02-08T13:36:50.857-06:002013-02-08T13:36:50.857-06:00Latvia is the "best case" for austerity ...Latvia is the "best case" for austerity only if you consider the mass emigration of 13% of the population to be a desirable outcome. <br />http://www.france24.com/en/20120522-latvia-emigration-population-brain-drain-economyTheStonenoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-55808313771230869422013-02-08T13:13:21.999-06:002013-02-08T13:13:21.999-06:00I should do a review of her raptures over the Celt...I should do a review of her raptures over the Celtic Tiger but I have already reached my McArdle limit for the day. Overexposure can cause cancer in rats.Susan of Texashttps://www.blogger.com/profile/00076915322771385454noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-4517210493886310742013-02-08T13:12:09.412-06:002013-02-08T13:12:09.412-06:00Well, she's correct about the latter--Latvia i...Well, she's correct about the latter--Latvia is the <em>best</em> case for austerity. <br /><br />I assume she was careful not to mention, let alone consider, Eire, Spain, or Greece.Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.com