Comments on: Economic faith and doctrines http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/ Life, Culture and Politics from BrisVegas Tue, 14 Feb 2012 05:08:26 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Mark http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178065 Mark Mon, 05 Jan 2009 13:36:23 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178065 Sequel to this post: http://larvatusprodeo.net/2009/01/05/economics-and-ideology-u-r-doin-it-wrong/ Sequel to this post:

http://larvatusprodeo.net/2009/01/05/economics-and-ideology-u-r-doin-it-wrong/

]]> By: Mark http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178064 Mark Mon, 05 Jan 2009 12:59:36 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178064 Adrien @ 38 - try the back catalogues of <i>New Left Review</i> and <i>Capital and Class</i> - but you have to be a subscriber or access them through a library website with a subscription to read them... :( Adrien @ 38 – try the back catalogues of New Left Review and Capital and Class – but you have to be a subscriber or access them through a library website with a subscription to read them… :(

]]> By: Adrien http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178063 Adrien Mon, 05 Jan 2009 09:47:27 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178063 <i>Confidence is al that is needed , Adrien, confidence!</i> . Dude when the IT boom was on everyone and his dog had a start-up and was waxin' lyrical about how everyone was gonna get rich with lots of fancy techno-speak. I had two questions: What product/service do you provide, and: Do people want to pay money for it? . Keep it simple stupid. Confidence is al that is needed , Adrien, confidence!
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Dude when the IT boom was on everyone and his dog had a start-up and was waxin’ lyrical about how everyone was gonna get rich with lots of fancy techno-speak. I had two questions: What product/service do you provide, and: Do people want to pay money for it?
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Keep it simple stupid.

]]> By: murph the surf. http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178062 murph the surf. Mon, 05 Jan 2009 06:56:46 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178062 "Anybody who actually hears what people mean by derivatives and thinks it’s a good idea would probably have fallen for the South Sea Companies obviously bogus pitches as well." . But they had Nobel Prize Winners who wrote very sophisticated mathematical equations about how to set prices for their derivatives. Who would question such august authority and anyway who cares while we ( a select group of course -not by any means only wasps, believers of certain faiths or unscrupulous cads with no guiding moral light )all make lots of lovely moola? Confidence is al that is needed , Adrien, confidence! “Anybody who actually hears what people mean by derivatives and thinks it’s a good idea would probably have fallen for the South Sea Companies obviously bogus pitches as well.”
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But they had Nobel Prize Winners who wrote very sophisticated mathematical equations about how to set prices for their derivatives.
Who would question such august authority and anyway who cares while we ( a select group of course -not by any means only wasps, believers of certain faiths or unscrupulous cads with no guiding moral light )all make lots of lovely moola?
Confidence is al that is needed , Adrien, confidence!

]]> By: Adrien http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178061 Adrien Mon, 05 Jan 2009 04:41:08 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178061 Jack - <i>In the absence of WASPs and their ilk we have to fall back on stricter political controls of liberties. </i> . Indeed it was better when Brittania ruled us. I think you'll find that this sort of stuff pre-exists the 'demise' of the WASPS. The South Sea Company was established by Robert Harley. Sounds pretty white bread to me. . <i>Political authority has to constrain bourgeois professional liberties, to oblige businessman’s accountability to the firms economy. Just as it must also constrain bohemian personal liberties, where people are liable to get up to mischief when father figures are dysfunctional or absent from the household economy.</i> . Yes bohemians, sigh, we all lack father figures. Or at least the type father who figgers he can tell us what to think for the rest of our lives. . This move to restrain bourgeois liberties as you call it will probably create another layer of regulation which won't do what it's supposed to but will gum up the works. The South Sea Bubble, the sub-prime crisis it's the same. A bunch of people looked at FeS2 and thought it was Au . What can you do? . Anybody who actually hears what people mean by derivatives and thinks it's a good idea would probably have fallen for the South Sea Companies obviously bogus pitches as well. Jack – In the absence of WASPs and their ilk we have to fall back on stricter political controls of liberties.
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Indeed it was better when Brittania ruled us. I think you’ll find that this sort of stuff pre-exists the ‘demise’ of the WASPS. The South Sea Company was established by Robert Harley. Sounds pretty white bread to me.
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Political authority has to constrain bourgeois professional liberties, to oblige businessman’s accountability to the firms economy. Just as it must also constrain bohemian personal liberties, where people are liable to get up to mischief when father figures are dysfunctional or absent from the household economy.
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Yes bohemians, sigh, we all lack father figures. Or at least the type father who figgers he can tell us what to think for the rest of our lives.
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This move to restrain bourgeois liberties as you call it will probably create another layer of regulation which won’t do what it’s supposed to but will gum up the works. The South Sea Bubble, the sub-prime crisis it’s the same. A bunch of people looked at FeS2 and thought it was Au . What can you do?
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Anybody who actually hears what people mean by derivatives and thinks it’s a good idea would probably have fallen for the South Sea Companies obviously bogus pitches as well.

]]> By: Adrien http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178060 Adrien Mon, 05 Jan 2009 04:28:32 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178060 <i>Well, so did Marxist economists!</i> . Hi and welcome to Economics 102: N'ah n'ah n'ah :) . . I'm really not partial to one or the other school of economics Mark. A whole lot of people didn't see this coming. Thing is every economic theory gets distorted by the political proces and vested interests. And thus every advocate of said theories can always claim they woulda worked if only. . You have a link for any of those Marxists btw? Well, so did Marxist economists!
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Hi and welcome to Economics 102: N’ah n’ah n’ah :) .
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I’m really not partial to one or the other school of economics Mark. A whole lot of people didn’t see this coming. Thing is every economic theory gets distorted by the political proces and vested interests. And thus every advocate of said theories can always claim they woulda worked if only.
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You have a link for any of those Marxists btw?

]]> By: Kingsley http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178059 Kingsley Mon, 05 Jan 2009 03:48:53 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178059 The GFC was caused by state intervention via artifically expanded money supply for way too long and lowering of credit worthy standards for loans to minorities. What is happening now is we are trying to fix intervention via intervention and for awhile it'll probably work the negatives manifesting later. If confidence has returned to a satisfactory level by then that may not matter to Joe Average. It is a bit of a sideline issue but another interesting facet I think of the GFC bailouts is they may end up as massive financial boons for the US Fed Govt. They have been able to acquire great swathes of the US financial system at rock bottom prices. Somewhere in the next 5 years or thereabouts Obama will be able to have a massive sell off that could yield at least hundreds of billions if not trillions in profits. Some have said it might rival the Louisana and Alaska purchases as financial masterstrokes. So the Democrats and Greenspan will have caused the GFC and Bush will be blamed for it by the media and then Obama will reap the bonanza stemming from it. You lefties are laughing to the bank literally! The GFC was caused by state intervention via artifically expanded money supply for way too long and lowering of credit worthy standards for loans to minorities. What is happening now is we are trying to fix intervention via intervention and for awhile it’ll probably work the negatives manifesting later. If confidence has returned to a satisfactory level by then that may not matter to Joe Average.

It is a bit of a sideline issue but another interesting facet I think of the GFC bailouts is they may end up as massive financial boons for the US Fed Govt. They have been able to acquire great swathes of the US financial system at rock bottom prices. Somewhere in the next 5 years or thereabouts Obama will be able to have a massive sell off that could yield at least hundreds of billions if not trillions in profits. Some have said it might rival the Louisana and Alaska purchases as financial masterstrokes.
So the Democrats and Greenspan will have caused the GFC and Bush will be blamed for it by the media and then Obama will reap the bonanza stemming from it. You lefties are laughing to the bank literally!

]]> By: Liam http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178058 Liam Sun, 04 Jan 2009 21:54:36 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178058 I can see the movie now, Holy Father of the Blogosphere. [Camera pans back, Jack Strocchi the last patriarchal WASP type, rides a horse on the beach in front of a statue representing Bohemian Personal Liberty] You maniacs! You blew it up! Damn you all to hell! I can see the movie now, Holy Father of the Blogosphere.
[Camera pans back, Jack Strocchi the last patriarchal WASP type, rides a horse on the beach in front of a statue representing Bohemian Personal Liberty]
You maniacs! You blew it up! Damn you all to hell!

]]> By: Nabakov http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178057 Nabakov Sun, 04 Jan 2009 10:37:52 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178057 Opps. I mixshuffled some paras in my lat post.It should read: Spankier Jack M. Strocchi “I miss Daddy’s firm hand. He could punish me firmly for my own good for not being born a WASP.” “…with the sudden extinction of the WASP character type.” Oh they’re still around - running things like Enron, Merill Lynch, Worldcom, the Bush Administration, General Motors, JP Morgan Chase, Suntrust, AIG, Wells Fargo, Citigroup, etc, etc. Well OK, maybe not running as many productive enterprises as they used to. But no doubt it’s all the fault of those overindulging in “bohemian personal liberties”. “In the absence of WASPs and their ilk we have to fall back on stricter political controls of liberties.” Speaking as a WASP I agree. Let’s start by rounding up all the wogs and their descendents who imported their Mafia and Fascist tendencies here. And their greasy foreign food too. Opps. I mixshuffled some paras in my lat post.It should read:
Spankier Jack M. Strocchi

“I miss Daddy’s firm hand. He could punish me firmly for my own good for not being born a WASP.”

“…with the sudden extinction of the WASP character type.”

Oh they’re still around – running things like Enron, Merill Lynch, Worldcom, the Bush Administration, General Motors, JP Morgan Chase, Suntrust, AIG, Wells Fargo, Citigroup, etc, etc.

Well OK, maybe not running as many productive enterprises as they used to. But no doubt it’s all the fault of those overindulging in “bohemian personal liberties”.

“In the absence of WASPs and their ilk we have to fall back on stricter political controls of liberties.”

Speaking as a WASP I agree. Let’s start by rounding up all the wogs and their descendents who imported their Mafia and Fascist tendencies here. And their greasy foreign food too.

]]> By: Nabakov http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178056 Nabakov Sun, 04 Jan 2009 10:32:56 +0000 http://larvatusprodeo.net/2009/01/02/economic-faith-and-doctrines/#comment-178056 Spankier Jack M. Strocchi "I miss Daddy's firm hand. He could punish me firmly for my own good for not being born a WASP." "...with the sudden extinction of the WASP character type." Oh they're still around - running things like Enron, Merill Lynch, Worldcom, the Bush Administration, General Motors, JP Morgan Chase, Suntrust, AIG, Wells Fargo, Citigroup, etc, etc. "In the absence of WASPs and their ilk we have to fall back on stricter political controls of liberties." Speaking as a WASP I agree. Let's start by rounding up all the wogs and their descendents who imported their Mafia and Fascist tendencies here. And their greasy foreign food too. Well OK, maybe not running as many productive enterprises as they used to. But no doubt it's all the fault of those overindulging in "bohemian personal liberties". Spankier Jack M. Strocchi

“I miss Daddy’s firm hand. He could punish me firmly for my own good for not being born a WASP.”

“…with the sudden extinction of the WASP character type.”

Oh they’re still around – running things like Enron, Merill Lynch, Worldcom, the Bush Administration, General Motors, JP Morgan Chase, Suntrust, AIG, Wells Fargo, Citigroup, etc, etc.

“In the absence of WASPs and their ilk we have to fall back on stricter political controls of liberties.”

Speaking as a WASP I agree. Let’s start by rounding up all the wogs and their descendents who imported their Mafia and Fascist tendencies here. And their greasy foreign food too.
Well OK, maybe not running as many productive enterprises as they used to. But no doubt it’s all the fault of those overindulging in “bohemian personal liberties”.

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