T Nation

Does High Public Debt Stifle Economic Growth?

A rebuttal to austerity economics and an invitation for a debate.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10099

YES!!!

hell yes

YES

I would say , it depends , I will say , it can not do it good :slight_smile:

LOL

yes, yes, yes, yes, yes, yes.

You got that Zep. Lay off the Obama Drugs mkay.

[quote]dmaddox wrote:
yes, yes, yes, yes, yes, yes.

You got that Zep. Lay off the Obama Drugs mkay.

http://youtu.be/VCDnR6Px-co[/quote]

What the hell are you talking about?

Anyone who immediately answered “yes” or “hell yes” or “yes yes yes” actually read the interview the OP linked? Are you all familiar with the concept of empirical evidence and data analysis?

[quote]sonnyp wrote:
Anyone who immediately answered “yes” or “hell yes” or “yes yes yes” actually read the interview the OP linked? Are you all familiar with the concept of empirical evidence and data analysis?[/quote]

I am done with Zep. I don’t have to read his article, because they always manipulate the empirical evidence, and manipulate the data.

If you ran your house like our government did would you still be able to buy food? I would say no you would not.

Have you studied economics? Do you need help understanding why a household is different from a sovereign state? If you do need help, here you go:

http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why

[quote]sonnyp wrote:
Have you studied economics? Do you need help understanding why a household is different from a sovereign state? If you do need help, here you go:

http://www.rooseveltinstitute.org/new-roosevelt/federal-budget-not-household-budget-here-s-why
[/quote]

I have a Masters in business sonny boy. All data can be manipulated to fit any and I mean ANY thing you want it to say. Zep’s websites are the best at manipulation.

If you want to believe that High Public Debt does not stifle economic growth, then maybe you should visit Greece.

You are just trolling now, so move along Zep Jr.

Check out Detroit also.

It’s funny that you talk about data manipulation when the OP’s link shows that is exactly what Carmen Reinhart and Kenneth Rogoff did in thier study in order to show that public debt of 90% of GDP is some magic number that stifles growth. The data don’t support this and that is all the interview from the OP’s link is trying to show. Greece’s public debt is about 160% of GDP. Far above the supposed 90% threshold and not at all applicable to this debate.

BTW, throwing around your MBA as a credential is super lame. It doesn’t mean anything. How do I know you didn’t specialize in marketing?

[quote]sonnyp wrote:
It’s funny that you talk about data manipulation when the OP’s link shows that is exactly what Carmen Reinhart and Kenneth Rogoff did in thier study in order to show that public debt of 90% of GDP is some magic number that stifles growth. The data don’t support this and that is all the interview from the OP’s link is trying to show. Greece’s public debt is about 160% of GDP. Far above the supposed 90% threshold and not at all applicable to this debate.

BTW, throwing around your MBA as a credential is super lame. It doesn’t mean anything. How do I know you didn’t specialize in marketing?[/quote]

So an Undergrad in Business Finance, and an MBA which to specialize in anything in a MBA is really only about 12 hours (mine is in Finance) so the rest of the MBA 30-40 hours covers everything else in business, from Economics, Finance, Accounting, and yes Marketing is lame?

Lets see you go get one. I also have business experience (I run my own business, and a millionaire). To get a mortgage the government requires 45% debt to income so the US government does not even follow their own guidelines. The US Government’s Debt to Income ratio is about 130% so feeling pretty good about your 90% now.

Do you even have any real world experience, or just reading?

I do have an MBA, I just don’t go around using as proof that I am therefore smart. This is what I called lame.

You once again equate a permanent entity, a sovereign nationstate, to a household. Two different animals for a lot of reasons (see the link I posted).

Also, I think it’s really great that you are a business owner and a millionaire. Those are two things I plan to be as well. No joke.

I loved Willie McGee when he played. I loved the Cardinals growing up. They were only 2nd to the Astros. Consistently good so when the Astros sucked I would watch the Cardinals. Miss the 80’s so much.

Zep you dont have an MBA, just move along with your 28 posts alter ego.

Yeah. Willie is finally back working with the organization as “Special Assistant to the General Manager”. We’re glad to have him involved in any capacity. The fans missed him.

The Astro’s got to the cards more than once. 2005 postseason comes to mind. All those killer B’s over the years were hell to deal with. I hear people say the guys rebuilding that team know what they’re doin. Still gonna be weird for a while seeing them in the American League.

[quote]dmaddox wrote:

[quote]sonnyp wrote:
Anyone who immediately answered “yes” or “hell yes” or “yes yes yes” actually read the interview the OP linked? Are you all familiar with the concept of empirical evidence and data analysis?[/quote]

I am done with Zep. I don’t have to read his article, because they always manipulate the empirical evidence, and manipulate the data.

If you ran your house like our government did would you still be able to buy food? I would say no you would not.[/quote]

You commit a fallacy of composition and aren’t even aware of it. Such a learned human being you are…