Friday, November 7, 2008

Greg Mankiw's Blog: Trust the Voters

Greg Mankiw's Blog: Trust the Voters

Under a grown up democracy yes, majority is rule, but how about say an African country, a dictator set himself as the forever ruler. One day a great guy comes in, brave enough to challenge, and go to a poll. So this forever ruler sets controlling systems all around polling boots i.e, and bribery, interfering, duress his opponent, then he wins, is this still counted as correct?

Get rid off the dictator plot Update: And finally of course this great nice people finally pissed off “nice” is nothing to do and so stand up all together over thrown this dictator, finally become democracy. And another plot, a rascal “Scarlet Pimpernel” road him a gun flying air into the chamber shoot the dictator scumbag heart – vengeance, restored democracy and become himself the “forever ruler”

Thursday, November 6, 2008

Greg Mankiw's Blog: The Youth Vote and the GOP

Greg Mankiw's Blog: The Youth Vote and the GOP

If I were an under graduate

Every woman can do whatever they want their own body after 18 years of age
Everyone can marry who ever they want whatever they want as long as they are not bothering my interest.
Everyone equal but I know that it can’t be equal in any so we have to think hard work on this area. Improve these areas.
Tough law for thugs who beat their women and children.
Very very tough law for children molesters –even kill them BUT
Abolished capital punishment
NO children NEVER hungry, their right same as like any other human being they are not belongs to anyone but their own
Every child should have free education up to year 12
Every elders should have security their life hood free access Medicare…….


AND ALSO

I have to think and ask questions where is money come from provide all of this… this is just top of my head

Greg Mankiw's Blog: Larry, Vindicated

Greg Mankiw's Blog: Larry, Vindicated

Genie and Mr Market

Mr Market: Hello little Genie are you still election fever? I am a guzzler
Genie: Hello there Mr Market surly whimpers dimmers after election! What is up?
Mr Market: Yes colorful today, new colorful team straightway, they seems, so I am too more prolific frolicking, have a look? All cheesy stuff.
Genie: Gee what an array! Bit of toppy, need lots of jaw jarring work, make a interesting sausage: Physicists mathematicians computer scientists economists philosophers anthropologists….endless what all they do?
Mr Make: O look up around there what you see?
Genie: Endless sky I suppose…can’t see, don’t say much!
Mr Market: Good girl faster learner. apparently, we all are silly bunch universal diggers time fillers. All waiting for our terms runs out. +++ 0 ++ ***%%% their singsong lampoon rooting living, colonization their brains coffee cups, licensed to nag, kidding themselves what is gonner be tomorrow… or tomorrow never come …U tomorowo better come…
Genie: Yeah they all try to figure out their own bottom-line, up and down right and left man and women rise and falls…
Mr Market: You are right, in fact the law of craps, they are all mad gigolos whores exorcists brain drainers teasers traders thieves. We put this end they forget to come out the other end… their brain anfractuous plunging into the middle of somewhere and lost …
Genie: I have to think over next few days

Greg Mankiw's Blog: Tom Cooley's Dream

Greg Mankiw's Blog: Tom Cooley's Dream

Change in I believed in myself
I would like to change myself yes I can
No more tin salmon, peanut butter jam sandwich Ok yes I can
You can learn how to cook without burning your hands yes I can
Yoga mat is not your enlightening magic carpet yes I can
No more sad-sag because of weather season Ok yes I can
More brushes in your hands yes I can
You don’t need Multi-vitamin daily yes I can
Your toenails not have to be red yes I can
You can sleep without your little tattered blanket yes I can
You don’t need to run every single day yes I can
You can eat your ice-cream triple cons every day yes I can
No more rude questions or comments for people and pissed them off, yes I can
Try to good behavior (he he ????? my another half says) don’t be ridiculous!

Tuesday, November 4, 2008

Greg Mankiw's Blog: Congratulations, President Obama

Greg Mankiw's Blog: Congratulations, President Obama

Congratulations, America and The Winner


Greg Mankiw's Blog: The Inequality Debate

Greg Mankiw's Blog: The Inequality Debate


Finished election all thrills are gone, equality and ytilauqeni are also got their point. You can not rid off them. How could you make everyone equal? Every game has a winner loser. It is bit shame, it could keep going on years. Uncle Sam has “got what he wants” lots of people sweat off the rite of passage.

Greg Mankiw's Blog: Prediction from the Fair Model

Greg Mankiw's Blog: Prediction from the Fair Model

The final economic values ("final" as of October 30, 2008) are 0.22 for GROWTH, 2.88 for INFLATION, and 3 for GOODNEWS. Given these values, the predicted Republican vote share (of the two-party vote) is 48.09 percent. So the prediction is 51.91 for the Democrats and 48.09 for the Republicans, for a spread of 3.82.

The current situation is unusual in that the economy since the end of the third quarter appears to have gotten much worse. People may perceive the economy to be worse than the economic values through the third quarter indicate, which, other things being equal, suggests that the vote equation may overpredict the Republican share. But for what it is worth, the final vote prediction is 48.09 percent of the two-party vote for the Republicans. The Republican share of the two-party House vote is predicted to be 44.24 percent.

Greg Mankiw's Blog: Should you vote?

Greg Mankiw's Blog: Should you vote?
Been through USA election, about who I vote to if I were American. I started with Obama. No specific reason. I never like Hilary Clinton, I don’t know why, I asked myself why I don’t like Clinton, couldn’t answer myself. So I asked myself another question, are her policies make me better? Answer was “yes” But I had my own suspicion myself, deep inside of me that I was probably bit of womanly jealous, still can’t figured out why. I laughed about myself! Though I have admiration with her hard-nailed campaign. I have never thought about McCain than. After main race began, I become aware of economics. Awaking myself from unknown. I will vote for McCain for his economy policies. I think his policies are fundamental for long term growth, good for the rest of the world. Yes unpopular some American currently.Also if I were American I have a consideration about J Locke “Two Treatises of Government” the separation of power: balancing power, if media polls are correct Demarcate party control both houses. But what a wonderful democracy is! People can say whatever they want if they don’t like, what a wonderful freedom is that!

Monday, November 3, 2008

Greg Mankiw's Blog: Downsizing

Greg Mankiw's Blog: Downsizing



Genie and Mr Market

Today

Mr Market: Good morning Genie! Here am again Mr Market
Genie: that is you Mr Market what is up to0day? Are you Ok looking pale?
Mr Market: Old whores are ditchless benches and naggers! Here is Whorehouse today, full of nice whores, selling for $1 for share!
Genie: O that is interesting, who are they?
Mr Market: O they are all ugly as hell, mutton and well fed pigs, their ass are broken telephone boots, in ready-for-dumptrack! Mind you they- are all have postgraduate degrees, study aesthetics, hoping they are landing a sterilized gentry ground for “beautiful elite” well tamed.
Genie: Humph, Come tomorrow again!

Tomorrow

Mr Market: Good beautiful morning Genie dear, Here I am again your faithful Mr Market!
Genie: O Mr Market! Gee…what a fancy red rose in your buttonhole, looking 10 years younger what happen?
Mr Market: Yes today, a Whorehouse again, all staved leeches blood suckers! Hueh… hot, no naggers, $2 a share!
Genie: O that is exciting tells me more!
Mr Market: Long story make short, all are young, not much education, but intelligence enough, money-mongers! Wild hard to handle, you can hold their ass in your one hand. They study "man" only cares your fat wallet!
Genie: Hum, Ok I buy all of them!

Greg Mankiw's Blog: Galbraith on Mainstream Economics

Greg Mankiw's Blog: Galbraith on Mainstream Economics
It’s an enormous blot on the reputation of the profession. There are thousands of economists. Most of them teach. And most of them teach a theoretical framework that has been shown to be fundamentally useless.

He than goes on if Obama wins this election, how his new government economy policy might looks like under mainstream economists and heterodoxies:
...who are essentially mainstream economists with slightly left of center political views, or with heterodox economists like Galbraith who are deeply skeptical of the economics found in most textbooks? If the administration is filled with prominent members of both groups, the internal battles over the heart and soul of the new adminstration's economic policy should prove fascinating to watch.
In Korean I believed protectionism, retribution, social equality which is very similar to Obama’s, far left, been through that, than Korean situation much difference then now. I was so young, didn’t know about economics, had no idea about how to make money as I always given pocket money or allowance, never mean to end up as a career woman anyway. Then lucky me, after lived worked another cultures, open my eyes more broad, see the horizon, then I become aware that things are not that black or white. One country politics, economic is not only for the country alone but relation of other countries as well. Than Korea, look-bad hated policies not for next few years but for the promise of next decades for the country prosperity. I have seen Korea has been growing from the distant. I have seen a great man’s foot prints, which once we thought he was people’s enemy, instead I am solemnly grateful the man what he did for his country courageously! I understand why he had to choose the road no one dare to, for his poor country future prosperity.

I am glad that I have a chance to learn how is free market work, international trade, raise falls civilizations, geographical significance of international relations. Especially America, as the biggest economy, how its little policy changes to influence whole world economy. As you can see through crisis! Also I am an investor, deep serious interest about what is happening world markets. American election, I am so excited and self-invited myself participate this election. Learning a huge deal how this world great democracy irascibly impishness but orderly, actually been thinking, American democracy is master piece! I am humbled by its process. Truly for the peoples! As you can see how an allowance earner-idealist changed into a serious investor along with her view of world. Here is the democracy with her glittering laurel.

Sunday, November 2, 2008

Greg Mankiw's Blog: Tax Hedging?

Greg Mankiw's Blog: Tax Hedging?
Now, he he, he is suggesting how to cheat system if Obama elected, instead he signs tax hike, leave the current one is until 2010 then filled his time half way so when his terms runs out he can’t be blamed as a signee of unpopular tax hike. So everything manipulates twists around for just for wining! So people are betting their money follow this “presume” that is sensible way of reduce their risk, feel comfort, all sense of lose something for voting Obama, so try to flocking off their possible loss doing hedge for compensation for their possible or immunize loss if Obama tax hike if he wins.

What he saying is, my bet gives me $100,000 profit, even if Obama tax hike cost of me $100,000 next four years, I make break even, not losing anything, in theory. But s/he also remember that all the cost relating multiple consequence of losing society- deadweight loss- as whole, which will eventfully bite people's ass if he elects. I think. Are bidders all voting for Obama? I am not quite sure how this work!

Greg Mankiw's Blog: Sowell lets loose

Greg Mankiw's Blog: Sowell lets loose

“Cocksure self-confidence” Obama’s image is a man of something of uneasy. Psychopathic are good at this; smooth, knows-it-all, make you feel good. When you meet people your instincts tells you that don’t trust this person, nice but something not quite right. His word” suffering unjust world must change” extreme execrations. Remain people painful misery they endured generation, he is a ballistic mouth-only. Where is all the money from he promise to people for free? He tells, the act of vote for me is the act of revenge for your suffering. He simply digs out their thin layer what in it and just string up. Allured himself, he is smart educated so who vote for him smart cool, who are liberal free thinkers. Proud of yourself in my cult. McCain votes are uneducated redneck, ashamed yourself, how stupid you are belongs to an unsophisticated group. He tricks to people into anguish and tension of choice. Of become desire to be seen as cool and smart. His focuses on poor and young people who are not decision making position in a society. So all of sudden here is the cool guy telling you “ you are important” you just warble down you knee, kiss his feet. Continuously telling them, if you don’t vote for Obama you are not noble enough know the great change in “our” time. He created illusion that is objectionable relationship between voters and him. He treats people stupid zombies, don’t have mind of their own, deceiving their humanistic basic decency and violates their intelligent, which people don’t aware of this. Is this part of politic?

Greg Mankiw's Blog: Shiller on Groupthink

Greg Mankiw's Blog: Shiller on Groupthink

“Groupthink,” Irving L. Janis, the Yale psychologist, explained how panels of experts could make colossal mistakes. People on these panels, he said, are forever worrying about their personal relevance and effectiveness, and feel that if they deviate too far from the consensus, they will not be given a serious role. They self-censor personal doubts about the emerging group consensus if they cannot express these doubts in a formal way that conforms with apparent assumptions held by the group.
---
We all want to associate ourselves with dignified people and dignified ideas.

Yes I agree, who doesn’t want to be dignified people dignified ideas! But whole problems when people pretend to be dignified but underneath they are rotten. What is mean “beautiful”? I have problems understand this word, I use it all the time but I am not sure I know the meaning. I saw people sing-song” beauty” and they called themselves aesthetics people, living aesthetically; fat ugly people all beautifully vegetated in a cheap whorehouse. Who buys fat ugly whores anyway! Everyone become beauty expert like dog pedicure specialist. Artful studying living artful eating… beyond my style as I am a primitive beast and my beastly idea of art mean feel myself I have never thought about it another way. If the “rotten dignified group” is teaching or religious profession I have definitely angry as I was born into a family who founded a school – a thumb- size primary school- I am deadly proud of my background. Only one thing whole this world make me knelt down this part of my background. In Confucianism, certain professions are reverence. I am living western world from ancient culture, this burdensome old thing deeply ingrained in my backbone and soul. Sometimes I am bewildered by the horrendousness things rape my belief, and I have to compromised myself, but I am flexible enough to suck a bitter taste of shit, tell myself “learning new things”, as my system profound enough to shelter my soul not betray me to wonder off wrong direction. Luckily I can find more enchanting things that are enrich my soul and I can whole heartily engage them to. My attitude is very much my own devise. I can learn from everything from little baby eyes pure expression to my own plume of hands.

Groupthinking dangerous thing, and reading Margaret Singer interesting too. We are living quite scary planet, we developed lots things that are make us entrapment. Good or bad. Mind you I am not a perfect human with angelic nature. Am a human with human faults same as you; nasty wild temperament but also lots of good side too. I am not apologizing who I am. I try not to harm other people as I expect other do same to me. Why people online stalking other people for years? by the way, I have been thinking it is quite terrifying thought being “surrendered dignified people and dignified ideas all the time” O man that would be kill me off, NO NO I rather to be my own music orchid my brushes! Be my own feral tempestuous ridicules ideas if even no one agree with Okey? Ok
Thank you – Thoughtful article!

Saturday, November 1, 2008

Greg Mankiw's Blog: Election Fact of the Day

Greg Mankiw's Blog: Election Fact of the Day

PAGE UNAVAILABLE

WHAT A VILE EVIL HE IS!

Greg Mankiw's Blog: The Health Care Debate

Greg Mankiw's Blog: The Health Care Debate
The article exact from CATO

Insulation vs. Insurance

Real insurance would pay for treatments that are unavoidable, prohibitively expensive, or for illnesses that occur relatively rarely. Instead, insulation reimburses even relatively low-cost services, such as a test for strep throat or a new pair of eyeglasses. Insulation pays for treatment even if it is commonplace or discretionary. ---

What is Wrong with Insulation?

The problem with insulation is that it is not a sustainable form of health care finance. Individuals, employers, and government are all under stress.---

Insulation leads people to over-consume health care services. Americans make extravagant use of services that have high costs and low benefits. Many studies that compare groups with similar conditions show that those with the largest levels of health care spending fare no better in terms of outcomes than those that spend less.

Insulation is also inefficient because of the large taxes that it requires. Payroll taxes support Medicare. Income taxes support Medicaid. Moreover, income tax rates are higher than they would be otherwise, because employer-provided health insurance is a deductible expense for companies but is not taxable income to employees. Taken together, higher payroll and income taxes to support insulation discourage work and thrift, leading to what economists call a “deadweight loss” to the economy.--

How Would We Get There Culturally?

Ultimately, I think we are headed for a collision of cultural values. We prefer insulation to real insurance. We expect services to be readily available, without the supply limitations or waiting lists that exist in countries where government is responsible for more health care funding. And yet we are growing increasingly concerned over the expansion of health care spending that takes place in a system that lacks constraints on either supply or demand.

Real health insurance may not be popular now. But when Americans see that the providers of insulation, including Medicare, have to turn to the rationing of health care services in order to meet budgetary constraints, real health insurance may start to look like a good alternative.
And also
"true but misleading statements about health care that politicians and pundits love to use to frighten the public."

The root is rotten at the first place! Systems are wrong! What is new? It says, as politicians and policy makers are manipulation and miss interpretation for their own gain. As majority of public don’t know the whole systems so rotten that which eating up their life eventually freeze off whole system. Hands of few scumbags don’t care what is right what is wrong “give what people want!” people are stupid so they can’t figure out anyway! I want to win this election! Or I want to filled my term in office! Don’t kidding yourself sing-song for wrong-right that is crap Ok! Why go for hard road there is easy way! Just flow follows everyone! As they are saying. Okey… okey… When I signed up my” insulations” yes not “insurance” I just find out the difference, how I know? The booklet says “insurance” so I believed it is insurance. It is covers up everything what I want in an emergency, easy quick signed pays up every months, but lucky me, in my excellent health – genetic endowment as well as I take care of my own system ( hard to explained), basically you have to receptive yourself or tune into…, so I just pay my insulation for nothing as I hardly use it. I go some specialists which they are not covered by insulation or insurance anyway in Australian.

Greg Mankiw's Blog: The Economist endorses...

Greg Mankiw's Blog: The Economist endorses...


Hello Economist,
Thanks for the nice analysis unbiased way, I agree your article but I disagree with your endorsement.

Sincerely,

Your agreed to disagreed
Who cares not deeply your sincerity

Greg Mankiw's Blog: Vernon Smith on Barack Obama

Greg Mankiw's Blog: Vernon Smith on Barack Obama:
"Of course it is entirely likely that Mr. Obama will succeed in going for higher business, capital gains and income taxes, but it is an economic illusion to think for a minute that this will benefit the poor. All our wars on poverty have been lost by failing to help the poor help themselves. Higher business taxes, which ultimately can only be paid by individuals anyway, will simply export more economic activity to the world economy. Higher capital gains and income taxes will primarily reduce savings and investment at the expense of greater future productivity, which is at the heart of cross-generational reductions in poverty. A dozen countries, including the third largest economy, already have zero taxes on capital gains, and eight of them score high on the Economic Freedom Index and high in gross domestic product per capita."

Psychology manipulation is systematic devious tool for many who would like to gain their own means, they know what is human wants what make the people thick. Everyone would like to belong to somewhere as we all belong one or another. Most religions or cults are well developed and sensitive this social change or mobility, accommodated them accordingly because of their survival and sustainability. It is nothing to do what is right for the people. I know a second rated abysmal academia who is set himself out some kind of Don Juan, recruit for his religion through love booming. This case his method is not devious not cunning at all it is rather pathetically stupid so obvious. He choose a post graduate mostly female students or a junior academian who has a good grade record, using love bombing so this candidate who are grateful so she writes a good references which can be viewed from public, so this guy move on another target using this reference, allured himself how he is great so the next target believed on his references, get into a trap and move next to one so on. people who are from unknown institutions, low social background and have low self-esteem, here is a person or group of people come to full attention and tell them - how good you are, beautiful, smart you are, you feel good about it, believed herself in an “beautiful elite” belong to a privileged group for pursuing a higher end. But as he himself built from substandard shallow deception and fraudulent, result will say. As eventfully system catches up his deception and people can figured out his stupid misleading. As himself instead of benevolence ruler of beautiful thriving kingdom he is an old cheap pimp in a cheap whore house in a seedy street. Who knows he become an online stalker!!

Greg Mankiw's Blog: A Federalist Fiscal Stimulus

Greg Mankiw's Blog: A Federalist Fiscal Stimulus
If there is going to be another fiscal stimulus, there will likely be a division between those who want tax rebates to households and those who want to help states pay for extra infrastructure spending. I have a compromise, based on the grand U.S. tradition of federalism: Let each state decide.

Congress could pass a fiscal stimulus of a certain amount per person but offer two ways to have it paid out. Each state governor could be allowed to determine whether to take the money as state aid or have it paid directly to his or her state's citizens. Those governors who think they have valuable infrastructure projects ready to go would take the money. Those who do not would let their citizens take the extra cash. When designing a fiscal stimulus, there is no compelling reason for one size fits all. Let each governor make a choice and answer to his or her state voters.

SAVING IS SIN! ---Many encomiasts calling for anther stimulus shoot, begging for people spend spend amazing stuff, without knowing economics you wouldn’t never dream of knowing this kind weird thing. Being brought up by partly Confucianism you have to reinvent yourself endlessly otherwise you get nowhere so I adopt “treat others as you wish to be treated” as my best favorite mantra as I can justified everything in every situations that is how I see and interpreted – yes I know I am insufferable, Alan says so-I singsong “spend spend” “don’t save! Become a shopaholic, it is heroic addiction of patriotism! Go out treat yourself generously lovingly! It is all about stimulus. Economic addicts for periodical shoot for keep going. It is good habit or bad habit? Even if healthy economy still need a injection? Probably need spots injection. Here his suggestion for the best way shooting, called for federalistic shooting; multiple injections any part of body for effectively stimulates fast track for getting it high; if you want your toes get excited fast you shoot toes directly that is what he is saying… hehe certain area humb.. can get it fast reaction heheh, --don’t think always sidetrack ok be nice ok OK get back to the track, good girl… --seriously yes spending on infrastructures much effective for direct shooting from states to states. But certain area still off limited to direct shooing i.e. eyeballs brains…if root strong you can shoot anywhere to get best result but if without the firm root they can be just another layers I think.

Friday, October 31, 2008

Greg Mankiw's Blog: Happy Halloween!

Greg Mankiw's Blog: Happy Halloween!






Happy Halloween my ass!
Knocking knocking Genie, she carries her pansy plate went down dungeon and
Yelling at the Gate of burning ‘where is my candy Magus ?
I want my Happy Halloween!!
Hillbilly Magus stirring a wheel in his black oven, the last process of roasting for Halloween panacea and ignored her sweetness. Happy Halloween is your ass! He Rambles on.
Genie here Magus! Open the door! She is keep banging the gate,
O that is you come my lovely, want some candies? Finally he opens a gate.
He is adding his recipes in his oven while is stirring delicate sweet sour salty yummy poisonous nasty syrup-candy to Halloween for children, whoever eats this candy, will end up with temperament of my recipes! They will be all evil! He smiled evilly with cool satisfaction.
Please give me some candies? Genie opens her pansy mouth
Magus drops a candy in her mouth “bboiling..g!
And rest of candies put her backpack to the world children and saying
Off you go, to the world for a devil’s advocator!

Greg Mankiw's Blog: The Pigou Club: Canadian Division

Greg Mankiw's Blog: The Pigou Club: Canadian Division

Dear darling messes
Hello arhsoles policy markers this letter contain contiguous diseased tongue –d’evil’s verbal deliria, we are all possessed mental which spread around world overthrow our enemy; if you love us we kiss your lips with hot blessed tenderness and send you heaven and if you don’t love us we lock you up our dungeon – so this is ultimate.

Loves and Kisses

Singed
Wacko Evils

Postal Address
666 Dungeon
City of Titan
Republic of Hell

Greg Mankiw's Blog: Get Ready for Deflation

Greg Mankiw's Blog: Get Ready for Deflation

Genie, the salve know-it-all and Ben, the master slave-driver

Ben: Genie you are the wheeler-dealer little cherub, how to fix this knobs and snobs capitalist problems ?
Genie: Well Okey! You have to kick start their ass, say follow!
Ben: OKey?
Genie: Beat their heads, SPEND! SPEND! SPEND!
Ben: But they have been told all their life “Saving! Saving! Saving! It is the virtue spending is evil!”
Genie: Evil only can save the world!

Greg Mankiw's Blog: How to Rework Bad Mortgages

Greg Mankiw's Blog: How to Rework Bad Mortgages

we propose legislation that moves the reworking function from the paralyzed master servicers and transfers it to community-based, government-appointed trustees. These trustees would be given no information about which securities are derived from which mortgages, or how those securities would be affected by the reworking and foreclosure decisions they make. Instead of worrying about which securities might be harmed, the blind trustees would consider, loan by loan, whether a reworking would bring in more money than a foreclosure.

The government expense would be limited to paying for the trustees — no small amount of money, but much cheaper than first paying off the security holders by buying out the loans, which would then have to be reworked anyway. Our plan would also be far more efficient than having judges attempt this role. The trustees would be hired from the ranks of community bankers, and thus have the expertise the judiciary lacks.

It is not simple solution. In ordinary business transactions, contract always can be discharge or release by mutual agreement and enter into another with simple agreement by understanding both parties. That happens all the time in daily business transition, without this simple agreement and understanding, it would be impossible doing business and promoting its efficacy. What is going around and what is come around. it is true that we promote win win, not loss loss. So all of sudden my house prices up 500% while I pay same amount fixed mortgage and with nominal rate, make me better off 500%, wow luck me I keep all the money, it is nothing to do with the bank but I am the smart one I say! But if my house has gone down 50% its original value but I still pay same amount of mortgagee then my blood boiling eyeballs lighting fire, twist around looking for fairness, curse on the bank, saying that arsohole bank why can’t they bit of nice? and ask for someone responsible for my loss and my sharply manicured fingers turn into shape vulture clews on computer key board, tapping into every blogs around traps just pestering everyone for listen my loss and start blaming policy markers, economists, sky and rivers their professional wrong doings…. Are they fair? Asking question and challenges! Ha ha bit smile as is is bit hard topic to deal with just business way Ok! In here sometime “mortgage sale” real estate is much cheaper then normal sale I must say, mortgagees want to get rid of these properties quick as possible, because they want their money back, it is bit heartless but no one arguing about in this situation. Question? Where is the all government bottomless funding coming from? So politically manipulate?

Wednesday, October 29, 2008

Greg Mankiw's Blog: Cutler & Mankiw

Greg Mankiw's Blog: Cutler & Mankiw

**Today**

Wednesday, Oct 29, 4 to 5:30 pm.
Science Center Hall A.

All are welcome

All welcome drinking party of expression of life, the great life itself on the chopping board with reformers and offenders! It is might ethical demand for the public beyond pure personal preference enjoyment! Slouchy hammer oxen swords bare arms and hands spears sabers cudgels nice glass of cabernet sauvignon chocolate rich ripple zesty texturally fight

Update how to fight: I have been thinking, the fight should be like vulgar vindictive wild primitive violent cruel, I am the best expert all of this, I think profs never have been fighting like bastardy, let alone they don’t know how to swear? Have they ever used the word of “fucking” I don’t think so! I am sure of it, anyway they should fight like real scumbags mafia gangs overthrown two candidates renowned their savage butchery style

Greg Mankiw's Blog: Two Questions for SAM

Greg Mankiw's Blog: Two Questions for SAM

For example, a homeowner unable to support payments on a house purchased for $200,000 that today is worth only $150,000 might be offered a write-down of up to $50,000. But this would not be a free lunch.

With the SAM, once the value began appreciating above $150,000, the mortgage holders would be due their share. The details of the write down and the appreciation sharing could be tailored to different circumstances. But one way to give lenders a share of the upside would be to pay back some of the write down if the house is later sold.

Then he is asking to the authors:

I can see the attraction of these ideas, but I have two questions:

1. Would a law giving homeowners the right to write down their mortgages in exchange for equity attract so many homeowners that financial institutions would suffer even bigger hits than they already have? As these authors note, foreclosure is unpleasant for everyone. But because it is so unpleasant, some homeowners who are underwater on their mortgages keep paying them anyway. If we give them a better alternative, why would they?
2. If Congress were to pass a law allowing homeowners to rewrite their mortgage contracts, and lenders suffered losses as a result, what would the constitutional implications be? The fifth amendment says "nor shall private property be taken for public use, without just compensation." Could lenders get "just compensation" for losses that resulted because Congress crammed down an equity-for-debt swap? If so, would this be the best use of taxpayer funds?

Property ownership, means freedom, indefeasible right of personal ownership, especially home, people thinking about not only their generation to live and but also their children’. That is why economy is must right to solve this kind of problems, with its prosperity there would be no heartbrokenness like this. So especially economists who know all of this, have obligation to act and let public know unbiased way if they can. Why people bit nice to each other? Power yes people blinded by power, as economists, can imagine not only America but whole civilizations going to backward if world biggest economy elect a president who is promoting protectionism.

Update: I saw his spelling mistake before he correct nice to know he actully can...

Tuesday, October 28, 2008

Greg Mankiw's Blog: A View from India

Greg Mankiw's Blog: A View from India

McCain is one of the few American politicians in either party with the courage and conviction to stand up to protectionist populism. By contrast, Obama embodies protectionism....

McCain has voted 88% of the time against bills creating trade barriers, and 90% of the time against export subsidies for US producers. Few other senators have such a splendid record.

Obama has served a much shorter time in the Senate, and avoided voting on many key issues. He has voted against trade barriers only 36% of the time. He supported export subsidies on the two occasions on which he voted, a 100% protectionist record in this regard.

In 2007, he voted to reduce visas issued to foreign workers (such as Indian software engineers), and to ban Mexican trucks on US roads. He sometimes voted for free trade - he supported the Oman Free Trade Act and a bill on miscellaneous tariff reductions and trade preference extensions. More often he voted for protectionist measures including 100% scanning of imported containers (which would make imports slower and costlier), and emergency farm spending.

In 2005 he voted to impose sanctions on China for currency manipulation, and against the Central American Free Trade Agreement (CAFTA). He voted for the Byrd amendment, a disgraceful bill (later struck down by the WTO) that gifted anti-dumping duties to US producers who complained, thus making complaining more profitable than competitive production.

Obama says the North American Free Trade agreement is a bad one, and must be renegotiated. He has opposed the US-Colombia Free Trade Agreement on the bogus ground that Colombia is not protecting its trade union leaders from the drug mafia. In fact, such assassinations have fallen steadily from 205 in 2001 to just 25 last year. Obama is cynically twisting facts to woo the most protectionist US trade unions. This cannot but worry India, which may also be subjected to bogus slander and trade disadvantages.

By contrast, McCain has consistently voted for open trade. He has opposed federal curbs as well as private curbs on outsourcing to countries like India. He opposed the disgraceful Byrd amendment on anti-dumping duties. He voted against farm subsidies and labour standards for imports (which are not necessarily bad but could become a disguised form of protectionism).

Unlike Obama, McCain voted against imposing trade sanctions on China for supposedly undervaluing its currency to keep exports booming and accumulate large forex reserves. India has followed a similar policy, though with less export success than China. But if indeed India achieves big success in the future, it could be similarly targeted by US legislators and, will need people like McCain to resist.

Obama favours extensive subsidies for US farmers, hitting Third World exporters like India. This has been one of the issues on which the Doha Round of WTO is gridlocked. McCain could open the gridlock, Obama will strengthen it.

Obama also favours subsidies for converting maize to ethanol. The massive diversion of maize from food to ethanol has sent global food and fertiliser prices skyrocketing, hitting countries like India. But McCain has always opposed subsidies for both US agriculture and ethanol. While campaigning, he had the courage to oppose such subsidies even in Iowa, an agricultural state he badly needs to win if he is to become president.

Then he says
If any of my economist friends who are working for Obama wants to defend his positions on ethanol subsidies, tariffs on Chinese goods, the Byrd amendment, etc., shoot me an email, and I will gladly post it for my blog readers. But I am not holding my breath.

Great, no one dare to be challenged the article. This is a sign of decency still hangover most American economists, but then why Obama choose protectionism as his political singsong? This mean for sure surly USA economy stuffed if Obama elected as a president as both houses controlled by Democrat. Why American people can’t see this? -I think people should stuck into his blog and then within few months you can become pure no-manner specimen and arbitrarily self established yourself know-it-all like me! -Then McCain also much to blame for not crossing his message to the public. Anyway I don’t need to attack anyone with my full blown hot hammer, because his economist friend are cool I think, that is why they called themselves “economists” they wouldn’t let their country go backward like Nth Korea surely. Here is a cool article about Protectionism.and Wikipedia also has a nice article Protectionism

Update: I would like to highlight this year Nobel laureate of economic Paul Krugman’s belief which is in Wikepidia:
Economist and trade theorist Paul Krugman once stated that, "If there were an Economist’s Creed, it would surely contain the affirmations 'I believe in the Principle of Comparative Advantage' and 'I believe in Free Trade'

Greg Mankiw's Blog: A Tax Calculator

Greg Mankiw's Blog: A Tax Calculator

Gosh he plugged on his depository number to everyone can see how robustness his bottomline! Well everyone gets already message as he is ramming down everyone’s throat how he is caring loving and full of happiness, his life is content full of gist, he only want to live 35 years more that is all, so he already ordered his marginal $ for plots of land for two and a marble tombstone engraved words: I am happy lucky go guy sleeping in here, please don’t tax my marginal time in here OK? So happy so that his skeleton can not close his mouth need a big plugged zip. Everyone can see and feel his jolly joy. He shamelessly show off his marvel sheer man of happiness of his bottom-line. Well he takes too many “you-know-what” as “got the point” where his bottomeline can’t help itself but stray(hurra!y) that make sooo more content his life so could anyone help him tune off his vigorous bottomline?

Monday, October 27, 2008

Greg Mankiw's Blog: The McCain Health Plan

Greg Mankiw's Blog: The McCain Health Plan



Finally, the credit has important implications for the nation's finances down the road. This is perhaps the most important aspect of the proposal.

There is an enormous unfunded liability associated with the major entitlement programs of Social Security, Medicare and Medicaid. If left unchecked, the growth in these programs will nearly double the size of the federal government by 2040, consuming roughly 40% of the nation's output rather than the 20% today. While the growth in Social Security is largely the result of demographics, the growth in Medicare and Medicaid is also driven by the rapid growth in health-care spending. This is where a proposal like Sen. McCain's can be so important.

I don’t know much this complex important issue, for me learning. But I wonder how many people cares about after their life! how many people actually cares about their children and their grandchildren time after their death. but people in the position who make policy shouldn’t be a quintessential middle man who only takes transitory – careless the cost and foundation of the civilization that might lead to collapse whole but we are smart species who knows we might discover something make human species diseasesless – never die O man that would be disaster! that mean stop the evolution?

Greg Mankiw's Blog: The Best Book Promo of All Time

Greg Mankiw's Blog: The Best Book Promo of All Time: "can't hold a candle"

As the subprime mortgage and credit disasters continue to wreak havoc on world economies and pocketbooks, many are looking to Federal Reserve Chair Ben Bernanke for guidance and leadership in this tumultuous time. Fortunately, our Fed chief is one of the pre-eminent scholars of the Great Depression. Because of the market turmoil, Bernanke's treatment of the Great Depression has been finding a new audience of readers as media, policymakers, businessmen, professionals, and others--both in the US and abroad--seek to understand our present economic situation.

I saw his extraordinary soul searching face during the senate hearing(?), that face made me thinking that actually I can trust him – you see “face value” we call it, it is not my sympathy his monkish wretched face but rather I am not sure what it was but something thwack my mind that this anguish face takes all the weight of the problems, to save this current fiasco. When a crisis like this we all want to something or someone gives us the clinging-able rope that has essential power faith make us believed that this will be over soon! Bit of romantic notion time like this; dealing with harsh reality and same time flee from it, is economic romantic then? I don’t know if he were an author of the Dow 36,000? Probably he can do bit of a devil work -spread around rumor that people buying up a huge stock – the market is very much perceptive I think ? Of course he knows but pretend he doesn’t.

Greg Mankiw's Blog: The Latest from Larry

Greg Mankiw's Blog: The Latest from Larry

The Beethoven - Here is a conductor is standing the pendulum ready to conduct a huge orchestra, called Beethoven - the Policy symphony; he is master of genius, his name only made us warbles our knee down to floor kiss his bean sprouts scores lick his dead lips with hunger kiss his raged face with great tenderness, with erotica the danger, let this great devil shake and embezzles my soul utterly with his charming crafty hands yes he is the Beethoven --- anyway a conductor who execute the devil’s work, swap his baton 666/666 over clarinet move over flutes oboes warp over all woodwinds and brass and all of string section percussion and all orchestra here he goes full swing his tempo. I suppose people in government bit of like instrumentalist is execute the devil work, years trained by doggerel practices to know all sort of pieces so that they can play whatever piece comes by they have to perform a little practices, nevertheless they still make mistake well trained audience ears. Same token the conductor his solid knowledge and experiences commend the orchestra with is keenly perceptive years of ears motion. As good performance; that enraptured excited the audience to the beyond Yandi common. Inner desire, soul of life counter balance symbols signs, stand outside above our time, go beyond greatest more comprehensive work. Great work also must great interpretation, implementation, if the great pieces badly execute by bad performance that would be useless. Then how policy markers craft policies like the great devil like Beethovens’ mastery work can be timeless masterpiece. That would be hard jobs, found another Beethoven is hard job too. Only one in few hundreds years!? Only time will tell whether s/his work still make people’ knee-warble soul-high? I am not sure what sort of personality is the policy wonkers; heartless barstard under ground drug baron? Or monk like with compassion so able to go beyond because he detached? but they have to both, bi-polar hero I think – when we listen Beethoven we know that he is loving compassionate raged a great bastard who gives us lofty elation despair, feel something higher able to search something that nourishes our soul. Are we asking too much about policy makers should do their job like the Beethoven’s’ mastery? Probably not

Sunday, October 26, 2008

Greg Mankiw's Blog: My Personal Work Incentives

Greg Mankiw's Blog: My Personal Work Incentives
Nice to see least some people happy content their life, yes happiness is state of mind. Little flowers roadside silence insect twitting and children plays. You don’t need much to make you happy then why some people suffer? What make people suffer? Why can we all happy with a house with few cars and nice family? Perhaps many people happy and content, yes I have seen many people seem to happy like that. Why some people crave more then that? What make some people so difference species and out of touch from their own normality? Like a farmer happiness without drought during the season and nice harvest make him happy, hungry baby well feed make the baby happy, simple things make people happy. But why then some people have these still not happy? I don’t think these people unhappiness is not because s/he can’t have Ferrari or Armani at all, other sources, these can’t switch that side themselves off easily that is where they feel and see things difference then they can’t live as if nothing happens around you. anyway if I were American I vote for whoever give me better off, the problems is how normal people, majority of voters probably not much knowledge of the complex of the whole thing understand; marginal tax kind of thing, unbelievably tangled whole thing if you pay less tax where is your healthcare then, Aha here it is economic basic, which candidate has the best ability to manage distribute scarcity of resources and satisfied people boundless want. Do you think is this too broad? Ok leave here, I think someday he might say how many time he making love per week in his blog! By the way professors make love with their brains or…? hehee

Update: Actually reading the chart, it is a great difference, it is future matters if I were Americans I should not ignored it, McCain’s far superior. Why then what went so wrong this couldn’t be articulated first place why can this message across to the public. For example among other corporate tax is so important to economy growth, give business incentive reinvestment, Obama promise so many promises which heavily relay on the coffer therefore lots of hidden tax burden to individual as well as business. but then how many people vote for their economic policy, most people vote for the candidate himself. Most of women don’t like other man’s wife who is wealthier or smarter or younger, woman’s jealousies, they are generally bitches that is why I am avoiding women in social settings if I can. Alan says I am not a good liar people can see my boiling face with emotion. I used to feel their hidden vultures pray, just tune into their ugliness, I also met nice women but then they are exceptional women in their own right.

Update Sorry: Deadly sorry my careless grammar I try bit harder OK –do you think ever I get over grammar problems? YES I WILL YOU KNOW WHEN!!!

Update Another: After I read few articles about MaCain, I think he is a great man, he was a hero still a hero for many American, like him who give their blood for their country, it is noble that is how I see, not many people have the courage. So I would dare to say my opinion in here. He should tag on his forehead saying that “I am not a Bush I am the McCain, when I was young I give my blood to this great nation I will give my blood again if you give me the chance!” clear loud boldly saying to the public, well I think he should remember who he was who he is who he will be, if he remember when he was in a solitude cage for many years he can move mountain surly, nothing to loose!

Saturday, October 25, 2008

Greg Mankiw's Blog: Depression Redux?

Greg Mankiw's Blog: Depression Redux?

According to the economic historian Christina D. Romer, a professor at the University of California, Berkeley, the great volatility of stock prices at the time also increased consumers’ feelings of uncertainty, inducing them to put off purchases until the uncertainty was resolved. Spending on consumer durable goods like autos dropped precipitously in 1930.

Next came a series of bank panics. From 1930 to 1933, more than 9,000 banks were shuttered, imposing losses on depositors and shareholders of about $2.5 billion. As a share of the economy, that would be the equivalent of $340 billion today.

The banking panics put downward pressure on economic activity in two ways. First, they put fear into the hearts of depositors. Many people concluded that cash in their mattresses was wiser than accounts at local banks.

As they withdrew their funds, the banking system’s normal lending and money creation went into reverse. The money supply collapsed, resulting in a 24 percent drop in the consumer price index from 1929 to 1933. This deflation pushed up the real burden of households’ debts.

Second, the disappearance of so many banks made credit hard to come by. Small businesses often rely on established relationships with local bankers when they need loans, either to tide them over in tough times or for business expansion. With so many of those relationships interrupted at the same time, the economy’s ability to channel financial resources toward their best use was seriously impaired.

Together, these forces proved cataclysmic. Unemployment, which had been 3 percent in 1929, rose to 25 percent in 1933. Even during the worst recession since then, in 1982, the United States economy did not experience half that level of unemployment.
...

LOOKING back at these events, it’s hard to avoid seeing parallels to the current situation. Today, as then, uncertainty has consumers spooked. By some measures, stock market volatility in recent days has reached levels not seen since the 1930s. With volatility spiking, the University of Michigan’s survey reading of consumer sentiment has been plunging.

Deflation across the economy is not a problem (yet), but deflation in the housing market is the source of many of our present difficulties. With so many homeowners owing more on their mortgages than their houses are worth, default is an unfortunate but often rational choice. Widespread foreclosures, however, only perpetuate the downward spiral of housing prices, further defaults and additional losses at financial institutions.

The Fed and the Treasury Department, intent on avoiding the early policy inaction that let the Depression unfold, have been working hard to keep credit flowing. But the financial situation they face is, arguably, more difficult than that of the 1930s. Then, the problem was largely a crisis of confidence and a shortage of liquidity. Today, the problem may be more a shortage of solvency, which is harder to solve.

In 1930s’ People panic, they didn’t spend, bank panic pissed people off put their money under mattress instead in the bank, like my brother did his pocket money some of Indian still do this because they don’t trust bank I am told! Right this instant, while I am typing this- Skype popping out, to want to chat with me has Indian name-funny!! Any way and another thing that bank made hard to credit to business so they couldn’t borrow money from the bank and people lost confidence and not much thing to sell. V Currently, by the way it is still called a “depression” really if they did it deliberately fold out? Also similar features, mortgage is bigger then house value so default and foreclosed. Make it depressed because can’t trust policy, then working hard keep money flow but not enough to pay a debt.
Aha, here is the thing economists are not fortune-tellers, but he is saying “it won’t be a same as the one 1930' but then we shouldn’t believed what he is saying!” Gosh so I say there would be no more depression because I would like to then finish off nicely! But don’t believe what I am saying OK?

Update:I feel-wishfulthinking- that everything ok as one of most beautiful orchid sick last few week, as I couldn’t understand why, considering everything what I have don right, just been bit sick, I thought well if you want to die that is ok which make me very sad but that is what you want go for, then middle of night around 2am, I don’t know why but I pulled its root out from the pot, here I found a little plastic container attached underneath and water remain there, soil couldn’t drain out, because of the thick piece of cloth warp around the pot that is why I couldn’t see the container which I put it there for sometime ago and forget. Within less then few hours it is recovering, great that is my little orchid I might have flowers too soon! wouldn’t nice if economy survival like that!

Greg Mankiw's Blog: Obama vs His Advisers

Greg Mankiw's Blog: Obama vs His Advisers

Empire of honesty is in a slaughterhouse, all lairs lined up ready to shoved through their heads into the final stage

Greg Mankiw's Blog: Finally Revealed: The Source of the Crisis#links

Greg Mankiw's Blog: Finally Revealed: The Source of the Crisis#links


$16.00 bad check is the altar of the slandering economy? I can’t believed it I think he might misleading? But then lots of thing can be source of any crisis. Butterfly effect. So overwhelming power unseen power. I am not sure what exactly it is, but most amazing, all of sudden the economy has been straight punch KO on the ground brushed with purple blue yellow swollen eyeballs. So its view space yellow light yellow dizzy so it lost sense of direction, doen’t feel which is south north east and west, lay there wishful thinking the world should end just right there but has to stand up now! better stand up now OK? just bit painful but must stand up and from there you can fight OK? I am asking nicely

Friday, October 24, 2008

Greg Mankiw's Blog: Cutler & Mankiw

Greg Mankiw's Blog: Cutler & Mankiw


Cutler and Mankiw: Grand Chitty Chitty Bang Bang


Cutler: My sweet goody girl economic! She is bit of hard time! What a day another downfall, she will be jump up my hurray knee wooly dooly soon! Any nice girl they do as always!

Mankiw: This is a vile little girl economic! She is a wicked, any one bad as she is at the moment, she is rollerblading her ass at monument with her trousseaus, What do you think they do this nasty bitch?

Cutler: Well I can’t see how the candidates will do anything a such loving kind natured girl who has happen felling in hard time at the moment, given her time she will be bounce her little ass up and twiddle waddle full swing again, I am for sure!

Mankiw: Great, a such optimistic! well this is hard one we talking about not a normal one we had her time to time in the past, this time she is wily dilly willful, shave her head tag on her neck “:vile traitor ” and to whip her ass put her dark dungeon cage so that she will be in her knee crawl then she will be surrender, she will say “ I will do everything what you say I want to see the sun” that way we can control over her black vile.

Greg Mankiw's Blog: Forgive me, Father, for I have sinned

Greg Mankiw's Blog: Forgive me, Father, for I have sinned

Ha ha every economists could be caught this probably! But why confession? Would like to know what their wrong doings perhaps! it is a great confessional work for oneself become a sinless! People who do confession reasonably good guys still. But all the real badies who don’t know even whether his wrong doing name of teaching for couching whatever that is where problems begins. Anyway, violate your guideline, I know an evil, I found out how evil he was, set a rat trap for rats who gets good grade from unknown institutions -that is where he belongs- his target them recruiting his religion which is catholic, I think catholic or any organized religion has this kind strategy for their sustainability. Others, wealthy are even more desirable for a organization under name of study aesthetics etc… his downfall will be horrifying surly. Some people really stupid enough entrap by love bombing. There is many many cases in law where mostly women victim donated all their asset often very well off and single or windows and later they realized their situation and sue church for return their asset. So please don’t use “Father” as a confessor! Some of them are not only suck up your money but also suck up your heart and soul make you soulless zombie!

Greg Mankiw's Blog: May you live in interesting times

Greg Mankiw's Blog: May you live in interesting times





  • Adjusted Monetary Base

  • May you live in interesting times - Blessing!
  • Greg Mankiw's Blog: Monetary Policy to the Rescue

    Greg Mankiw's Blog: Monetary Policy to the Rescue

    We need a hero
    A fucking manic hero
    Crazy enough tumbles into leaches’ land
    Let them suck his blood for death men’ honors
    His brotherly kind his honor for rest
    He comes with empire inflame black and white
    Where he stands all madcap heroes
    Torrid madhouses thieves whores blunders
    All comes to the indistinguishable street of Wall
    We need a hero
    We need a hero
    Crazy enough walk on the fire
    Burning his inflame soul
    Here he comes
    Ben, The crazy hero

    Thursday, October 23, 2008

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    O man, where should we normal people stand for this tangle mingle fixation, want a hard ground so not wobble gobble and from there I would like to shake if I can so that I can come up again if anything wrong, but it is hard to define to anything at all. How could normal people understand all these? All giant brains worked out their knower’s year years. I think when people would like to labeled themselves complex of something they are deadly stupid when you read these. All these policy redeemers finical hustlers ivory tower matrix honkers clustered the systematic continuum near NON- pole government. I love Parsifal when listening; harshness and softly erotic sensual all over you… a monk and a whore kind of theme ( I can’t remember what opera it is?)

    Greg Mankiw's Blog: Rawls vs Nozick: A Tie

    Greg Mankiw's Blog: Rawls vs Nozick: A Tie

    A desert watering hole is for everyone share, but a medico discovers a cure can be a monopoly ownership. I agree. The ownership is powerful emotional jezebel. It is freedom, you can trade everything it gives you immense personal power and motivation. My ice cream I don’t want to share with you why would I? For haven sake. But in a circumstance I might. In my village we used to share lots of things, the clan system provide certain shelter for where no fat social welfare handout. That was why children were essential for. Been thinking politics all about creating allure. 18-25 years single young people no-worry much different outlook then 40+ with children. If I can not see my sunset that would be devastating blow I wouldn’t barter anything, but also I am fucking pissed off when I see women bashed up by their men had full blown faces torn bodies color like my palette then I might trade off my sunset for my rage with my palette knife. I would like to know exactly who is my ice cream eater. If the ice cream eater need my ice cream then I don’t mine at all. but then this is my personal view, I respect other people opinion as long as it is not my expenses, then I go for again my rage, gosh endless…

    Wednesday, October 22, 2008

    Greg Mankiw's Blog: Young Voters, Get Mad

    Greg Mankiw's Blog: Young Voters, Get Mad

    I saw people who called themselves “change agent” they are in fact not an agent of change but a staunch defender of the status quo. Simply they don’t have innate will or courage to change. It is misleading, how could you change things you don’t change yourself or don’t feel or you don’t have your own will to the wisdom. Mr Mandela, is a great change agent I think, I am not saying everyone goes through years hardships like him. His wisdom years solitary confinement hardship made him above everything, able to see things which normal people can’t see, made him a selfless courageous so he was not afraid of about anything at all.

    Yes, because you are a young so you must pay for my keep! I am the sacker! Older saying
    Well why should I be the sackee? paying for your keep? Young saying

    Greg Mankiw's Blog: Wage = Value of the Marginal Product

    Greg Mankiw's Blog: Wage = Value of the Marginal Product

    Gee nice pay football couches! How long they need to train for? Probably same years as professors? How many foot ball couch jobs around world? That is question.

    Greg Mankiw's Blog: McCain's Last Chance

    Greg Mankiw's Blog: McCain's Last Chance
    First, Mr McCain should point out that his opponent is one of the least business-friendly Democratic candidates in a generation. The great Calvin Coolidge once said that “the business of America is business.” For Mr Obama the business of America seems to be anything but. His experience of it is limited to spending a year working for Business International, a consultancy firm subsequently bought by The Economist Group. But he quickly abandoned the commercial world because he wanted to do something nobler. Since then his experience has been limited to the world of non-profits, law firms, universities and politics.

    More significant, though, is that Mr Obama has always been particularly close to two groups that are the bane of most businesspeople’s lives—lawyers and trade unionists. Both Mr and Mrs Obama are lawyers. In a speech to a group of trial lawyers on September 23rd Joe Biden, Mr Obama’s running-mate (and yet another lawyer) thanked God that lawyers are “corporate America’s problem” and declared that there are only two groups of people that stand between “us and the barbarians at the gate—you and organised labour”.

    America’s trade unions clearly regard an Obama administration as a golden opportunity to reverse their long-term decline: hence their willingness to spend more than $200m getting him elected. They want to get rid of secret ballots in decisions about unionisation. They also hope to get rid of right-to-work laws (22 states currently have such laws, which prohibit the “closed shop” practice of requiring workers at a particular business to belong to a union).

    Second, Mr McCain should hammer away at the dangers of single-party rule in Washington, DC. The Democrats are likely to add at least another ten seats, and perhaps as many as 20, to their majority in the House. There is a real possibility that they may attain a 60-seat filibuster-proof majority in the Senate (Democrats are leading in eight Senate seats currently held by Republicans and are close in a couple of others; they control 51 of the 100 seats already). This will allow them to push through a wish-list of Democratic proposals on everything from “fair trade” to spending. The Republicans have only just started to point this out.

    But Americans have a strong preference for divided government. America has only had one-party rule (with the same party controlling the White House and both chambers) for six years out of the 28 since Ronald Reagan’s election in 1980—two years under Bill Clinton and four and a bit under George Bush. Mr McCain should argue forcefully that, as an experienced legislator who has worked with left-wing Democrats as well as right-wing Republicans, he will be the perfect man to check Congress where necessary and work with it where desirable.

    Third, Mr McCain should point out that his opponent has never once in his career said boo to a Democratic goose. In Chicago he got on well with everybody, from the local teachers’ unions to the Daley political machine. In the Senate he has voted with his party 97% of the time. He toes the most liberal line on late-term and partial-birth abortion. Even a highly experienced Democratic president with a record of bucking his party would find it hard to tame a large Democratic majority in Congress. A neophyte with a record of going along to get along could find it impossible.

    These are far from watertight arguments. Mr McCain is a military man who married his money rather than made it. Mr Obama bravely took on the Clinton establishment (though he largely did it by pandering to more Democratic interest groups). But this plan of attack does at least have the virtue of appealing to widespread worries about an Obama victory rather than pandering to the foam-flecked fringe. “Vote for me to avoid the Democratic deluge” is not the most inspiring political platform in the world. But it is the only plausible one Mr McCain has left.


    So this economist article saying; if American elect Democrat candidate Obama, American become non-democrat country, then what? Socialist? Full of trade unionist strikes everywhere for their pay rise, better unionist working condition -remember union fee, unions are mercenaries with out guns, no free trade- self sufficiency (Nth Korean for example), autocracy one party rule – goes through every candy for democrat party…! He would be a powerless little hen in a white house cage…?

    What is so big deal about a death of backpacker?

    Why? Do I have to deal with news about a female student death day after day? Presumably she has been killed while she was backpacking around Europe, made headlines around Australian daily for few weeks. I have been thinking what is a big deal, not that I don’t have any sympathy for this carefree, obliviously having good time world traveler, born into privileged middle class lucky country. Her death cerebrated publically what for? Why? Yes perhaps her death to prevent another tragic death that would be worthwhile day after day on headline or from white middle class background? C’mon media fair go; do you know how many young kids are commit suicide around world and in your backyard? Do you know why they have to kill themselves? Do they have any another choice instead killed themselves? Go to see their rollerblade area, they have not many places to go really haven’t they? How many under age girls are victim of world of human trafficking- around world and sold for sex slavery? How many babies are dying for hunger? How many orphan around world? How the Chernobyl disaster after effect human life and so many soulless children with elephant feet, disfigured faces in shackles? Any aboriginal girls or any other ethnic girls been raped and smashed their heads made headline daily for public awareness and public celebration for their tragic life? Or nameless many Australian students all her/his vacation for serving for prevention of HIV in African or ASEAN counties or any other aid organizations around world hardly ever I have seen any news. I have no idea why this privileged world traveler’s death headline daily for weeks and public celebration for her death! Obviously she should have known the danger when she ventured into dark night foreign country drinking bingo and media said she had also a reputation something of easy. It is nothing wrong, enjoy your life when you can, we all would like to do some stage our life – let go – rampage - if we had chance. Australian casual dresser, weather made us naked life but when you are traveling other culture you should respect their culture too. All countries open for their culture with full of proud to the world. Same token they expect world respect their culture too. I had heartfelt experience of profound kindness their warm hospitality most counties I went. I have never felt unsafe even midst of nowhere. But always you have to drew fine line where you can cross or not when deal with other culture. Even if you are experience well prepared for. Never forget that utmost respect their heritage even if you don’t agree. Not many countries privileged safe heaven like Australia. Australian mate-ship and egalitarian, easy going attitude made us not jealously about what other people have but not many counties like ours. The ancient land where she died had atrocity war it was, not long ago, hunger death treacherous wound ingrained deeply in their proud vein, the jealously never underestimate.

    Tuesday, October 21, 2008

    Greg Mankiw's Blog: Found on Facebook

    Greg Mankiw's Blog: Found on Facebook



    Heehe definitely middle life crisis, he needs new toys either human or others as cure for middle life crisis, otherwise he might run off a young chick. Why not – go for it—goodddddd! Do you think he might? That would be shame but what the hell life is short very short! Life is not in ivory tower tucked away and do the elite brain twitting endlessly, go out street, hookers avenue catch gleams of the real burning taste of cheap whores pimps' hustling bustling’ or real real stray. Cure all middle life crisis; wild rampage runway. I think she is very lovely actually, he just smile away -- it is his text book picture -- might be his type nice curvy around men like a curvy woman I have nice red silk dress too vermillion red also very nice red velvet coat no one wears formal now days even very formal gathering I am thinking I am going buy a long red evening gown for my graduation

    Greg Mankiw's Blog: "More Santa Claus than Vito Corleone"

    Greg Mankiw's Blog: "More Santa Claus than Vito Corleone"
    Bank executives may argue that it is necessary for them to maintain dividend payments to support their stock prices and to make further capital-raising possible. This argument is dubious.
    ---
    If the government is unwilling to take this step, then the boards of the banks should take it upon themselves to do the right thing. They may even have a legal obligation to do so, because courts have ruled that directors of financially distressed firms have a fiduciary duty to creditors as well as to shareholders.
    The creditors of the banks include not just those who have already lent them money, but also American taxpayers who put their money on the line by guaranteeing the banks’ debts. From the perspective of this broader set of stakeholders, it is best to end dividend payments until the banks have returned to health.

    Great, so Barbie doll banks with bee sting lips XXXX-lage melon breasts inside is horror so unkiss-ble bottom line banks? That is why unprofitable in the end. The entire augment bee sting make Barbie sick no sex appeal so no one wants to sleep with them.
    --
    I like God Father, very interesting character he is in every one of us. We can be a villain and angel that is why the character is so appealing to us. we all have burning vengeances, want to kill scumbags who take advantage for us. Why everyone cant’ t nice to each other? Why people have to cheat and lie each other? But then this is life yes it is life! I don’t think anyone has one side only, I saw so many scumbags bitches name of religions, their recruitment is very cunning devious, using smart well established methods. Pick right people, often weak so that brainwashed easily—and systemically brainwashed by them name of god, that is how they sustained their systems and justify their own belief, when you get into the system you loses your own will to obey to communal. precisely that reasons some people would like to do that as belongingness is a sense of belongs we all might need it, it is good for the certain extent in that reason and that is ok as long as they try not interfered other none believer but the problems start when they try to recruit newbies who happens to be smarten their own system but religion itself is also human life too.

    Greg Mankiw's Blog: Who pays the income tax?

    Greg Mankiw's Blog: Who pays the income tax?

    Nobody in the end? After many governments, each new government made new policy and put them top of another, it was easy way out. Each new presidential candidate had election promises, they were time fillers, only cares their period of the office, so they didn’t or unable to look at the what the system might looks like 20 or 30 or 50 years after aging. But then so complex to guess what is going to happen? May be or may be not. In any systems change, evolution; extinction and new creation. Future all human babies are born from laboratories. It would be called a “customaries baby factory” catalog order which set out; white yellow or black skin, black green blue eyes with label IQ 180+ WOW baby or GEE baby, grows like bean sprouts, only feed them liquid multi vitamins so they grow grow and harvest after 9 months fertilization. Hee hehe O man what is going happen in human species. No one marry no one breeding no making love so no love no touch touch, they buy babies from supermarket or store or customer order from catalog, gee then government easy to guess how many baby harvest from the factory this year and years after, so the budget set accordingly, subside for baby factories. Do you think someday the world would be one government? Possible very possible, like UN at the moment but has actual governing power - Gee what a life? That is why life is so exciting. Social system – any way so they make new systems put them into top of the old system instead clean old things out first and that is why end up complex and tangled. Gordian Knot need the Excalibur bold strike, then who will be the divine King has the wisdom?

    Monday, October 20, 2008

    Greg Mankiw's Blog: Flashback: Middle-Class Tax Cuts

    Greg Mankiw's Blog: Flashback: Middle-Class Tax Cuts

    O man, election promises are not the promises but a template of theme, tongue kiss with cinnamon syrup for temporally seduction? Gosh you can’t trust anyone, who you vote? No vote? Gosh Americans have bit of problems for voting their presidential candidates just for promises they are making. They might enrolled crush economic fortune telling course to learn fast track of guessing “ what is gone be economic?”

    Greg Mankiw's Blog: The Changing Meaning of "Subprime"

    Greg Mankiw's Blog: The Changing Meaning of "Subprime"

    ‘Subprime’ interesting, changes meaning of word because of thing happen in a new way. Evolution of word. This mean someday within next few hundreds years; “love” mean from “ passionate affection for another person” to “passionate affiliation for oneself only and disregard other person completely”?

    Sunday, October 19, 2008

    Greg Mankiw's Blog: The Best Political Event of the Season#links#links#links#links

    Greg Mankiw's Blog: The Best Political Event of the Season

    Lots of talking laughing, tuxedo bow ties back knifing, irresistible chip on the shoulder, groans adoration teething biting made each others billowy nasty gate lagging shelved non- parallel Shakespearean pageantry

    Greg Mankiw's Blog: The Pigou Club's Next Target

    Greg Mankiw's Blog: The Pigou Club's Next Target

    Bee sting duck’s mouth is a squeal of happiness!

    Saturday, October 18, 2008

    Greg Mankiw's Blog: Taxing the Uninsured

    Greg Mankiw's Blog: Taxing the Uninsured

    Lots of promises for getting the job, like marsupial pocket; gum tree leave little nuts hoping the bush tucker has a good nutrition!

    Greg Mankiw's Blog: An Interview with Anna

    Greg Mankiw's Blog: An Interview with Anna

    "This was [his] claim to be worthy of running the Fed," she says. He was "familiar with history. He knew what had been done." But perhaps this is actually Mr. Bernanke's biggest problem. Today's crisis isn't a replay of the problem in the 1930s, but our central bankers have responded by using the tools they should have used then. They are fighting the last war. The result, she argues, has been failure. "I don't see that they've achieved what they should have been trying to achieve. So my verdict on this present Fed leadership is that they have not really done their job."


    What sort of tool for Fed Madam?

    Greg Mankiw's Blog: What's so great about small business?

    Greg Mankiw's Blog: What's so great about small business?

    Small businesses do "create" a disproportionate number of jobs. They also "destroy" a disproportionate number—generally by going out of business.

    Precisely this reason give bit of encouragement, give them incentive, make easier so that not destroy disproportionate number— not going out of business. yes there are always some people abuse system, overall retuning i.e creating job much greater then abusing. I think

    Greg Mankiw's Blog: For Wellesley Residents Only

    Greg Mankiw's Blog: For Wellesley Residents Only

    He says : I am taken!
    So she says: So what?

    Friday, October 17, 2008

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    I read this below bottom he puts them here again. These scotched brain can ever swear?; godmm fucking son of bitch economics yellow asymmetrical whores banking piece meal, probably when they do vanilla for some 20 years:i.e knock knock you may enter my vanilla chamber! may I plea please making symmetrical position to you! o how wonderfully seductive insipidly forceful pair of comfy standard wellington boots, how warmly fit in their conformities taste; complement each other.

    Greg Mankiw's Blog: The Obama Social Security Plan

    Greg Mankiw's Blog: The Obama Social Security Plan

    When you are an impressionist you can see relentless, vibration is all living things. What is Social Security anyway? Partisans opinion would be all biased before right or wrong. We do in here Australia and if economic is real living I know something of real life non-partial, which is non existence of normal setting.

    Greg Mankiw's Blog: Two Bull Markets

    Greg Mankiw's Blog: Two Bull Markets

    Click on the graphs to enlarge middle ground galvanized global sweet home fairy tales. Yes indeed this is prize of happiness show the world how so divine it is standout from crowed, shining through index of retirement nicely nestled, life is all about investment measures size of people’s show off and happily ever after near all high time in a henpeck in a bitch skirt. It is far from convergence it is condition of continuity, magnificently setting, how wonderfully ball-cutting bustardy series of coincidence. O let us not forget that a man who is in intrude is anti-everything and henpeck in a haystack, gosh divine made disasters; how softy affiliated with slinky skirt. So people who is bitter about their goddam unhappiness don’t creeping around outside an arsholes’ package-home-tour-happy show as on looker bitch envies. Instead let us bit ambivalence warden of blessing their every happiness they get in any way as they flaunt like beautifully golden fried goose neck in the charcoal stove until mound of soil

    #links

    #links

    Certainly this is the most bottom-lined serious inconsolable deadly climax from the center unquestionable fatal darling disjointed an anatomical scumbag pricks omnipresence, a creation of serious confined masochistic sadistic fucking bondage of metamorphic happiness!

    Greg Mankiw's Blog: Who wins the rich vote?

    Greg Mankiw's Blog: Who wins the rich vote?

    Who cares rich vote anyway course of self-extermination spatio-temporal dogged doggerel!

    Greg Mankiw's Blog: Fact Checking the Presidential Debate

    Greg Mankiw's Blog: Fact Checking the Presidential Debate

    A person who is in love hate and do-nothing shall not engaged in conduct that conduct is misleading or deceptive or likely to misleading or deceptive section ss imposition of scold of or damage or injunction or ancillary order for heartbroken flock

    Greg Mankiw's Blog: Who has the better health plan?

    Greg Mankiw's Blog: Who has the better health plan?

    The Obama health plan:

    Sen. Obama's plan would require large employers to either offer insurance or contribute a percentage of the company's payroll toward the cost of taxpayer subsidies....Sen. Obama also plans tax credits to encourage small businesses to offer insurance....Sen. Obama hasn't said where he would mark the line between the large employers who would be punished for not offering insurance and the small ones who would be rewarded if they do.

    Is there a good rationale for this strongly asymmetric treatment of small and large firms? I cannot see it.


    No relation is a good relation that is why more desirable!

    Greg Mankiw's Blog: Technological Advance

    Greg Mankiw's Blog: Technological Advance


    Technological Dividend!

    Thursday, October 16, 2008

    Greg Mankiw's Blog: A Rorschach Test

    Greg Mankiw's Blog: A Rorschach Test

    How do you react to this news story?

    "Your new tax plan is going to tax me more, isn't it?" the plumber asked [Senator Obama], complaining that he was being taxed "more and more for fulfilling the American dream."

    "It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too," Obama responded. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody."

    This exchange with "Joe the plumber" was discussed in last night's presidential debate.

    My sense is that most liberals will instinctively agree with Senator Obama here. The last sentence, which I put in bold, is as good a summary of the Rawlsian notion of distributive justice as you are likely to find from a major political candidate.

    Senator McCain took exception to Obama's statement, but he did not fully explained why. My guess is that McCain would agree with this passage from Robert Nozick's Anarchy, State, and Utopia:

    The term "distributive justice" is not a neutral one. Hearing the term "distribution," most people presume that some thing or mechanism uses some principle or criterion to give out a supply of things. Into this process of distributing shares some error may have crept. So it is an open question, at least, whether redistribution should take place; whether we should do again what has already been done once, though poorly.

    However, we are not in the position of children who have been given portions of pie by someone who now makes last minute adjustments to rectify careless cutting. There is no central distribution, no person or group entitled to control all the resources, jointly deciding how they are to be doled out. What each person gets, he gets from others who give to him in exchange for something, or as a gift. In a free society, diverse persons control different resources, and new holdings arise out of the voluntary exchanges and actions of persons. There is no more a distributing or distribution of shares than there is a distributing of mates in a society in which persons choose whom they shall marry. The total result is the product of many individual decisions which the different individuals involved are entitled to make.

    The current election is in part a referendum on Rawls versus Nozick.

    Talking about ideas for voting, what is sharing? You get one I get two that is not make sense and unfair so divvied my one/half make it as half half and then we are equal---Your heart bun like sienna light cadmium orange copper feet yellow pale eyelids, pleading green eyed foliages…

  • Robert Nozick's
  • Anarchy, State, and Utopia

  • John Rawls
  • Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess


    I think actually economy is art, it is an art form. I am not sure what is yet but I pick up brush again so eventually my heart will tell me what is all about. Been thinking Van Gogh’ I fell in love when I first saw, something struck me deeply deeply honestly. Rollercoaster heartbroken lines colors sky yes sky you learn something. How could I not? profoundness anyway me I am speaking, can not compare any others. Economy is something of this? It is hard to say but moves me uneasily through recent days. I am not sure why I am connecting two these things, basic bold brush strikes why anything to do our real life? No everything to do with! That is right, life just our life, we feel vanquish moment lines colors tears joy stock market up an down yes the bloody market that is right market that is life, also life which we love so much that love, what is life mean then? This is stupid ridicules question! Past past Simple stuff easy! Nice to pick up brush and brush my ego again feel good as feel giant yet unbelievably brilliantly humanistic-ally vile as –long –as I shall live, I am not intent to do wrong in here, am I wrong in here??