Comments on: CIS and “ANTI-TAX CANDIDATE CALLS FOR CARBON TAX”

By: Graeme Bird

Graeme Bird — Sat, 15 Mar 2008 10:29:15 +0000

Well yes I’m afraid that everything you say here is a lie. As you know I’d never be allowed onto that DDT-Holocaust-deniers site.

By: Jeff

Jeff — Sat, 15 Mar 2008 10:16:37 +0000

Bird is a Keynesian. He told Quiggin that staglation couldn’t exist and it was just a lie.

He told Mark at Prodeo that Central Planning would be possible when communities became powerful enough to process the model of the entire economy.

He’s a libertarian now but that’s because he’s waiting for Intel to catch up with where he really wants the world to be.

He wants more regulation of the banking industry and he wants us to pay more tax to cover it all off.

Bird is a fraud and a charlatan.

By: Graeme Bird

Graeme Bird — Sat, 15 Mar 2008 09:50:19 +0000

Trade deficits do matter. So thats another thing you have wrong.

There are CIRCUMSTANCES where they don’t matter. But this is more dangerous ignorance on your part.

You are taking a wrong and stupid view of comparative advantage. It knows no national or geographical boundaries and does not divide itself into services for one country and manufacturing for the next country. Comparative advantage isn’t even a notion to do with countries. It works between individuals.

Now I’m aware that what you are saying is the neoclassical consensus but it is totally wrong JASON SOON.

So you’ve simply got to learn economics all over again and get it right this time.

Your economics is thief-economics and its ruining this country.

By: observer

observer — Sat, 15 Mar 2008 09:31:51 +0000

Trade deficits don’t matter, socialist,

By: observer

observer — Sat, 15 Mar 2008 09:31:08 +0000

Division of labour can be geographical churkey. Someone may need to make the stuff and others can specialise in designing it. The second bit is done by advanced economies, the first bit by growing economies like China. Advanced economies can do the ’symbolic analyst’ stuff like software engineering, design, finance while sending stuff to China or wherever else to be made.

Are you worried because you work in a declining industry?

By: Graeme Bird

Graeme Bird — Sat, 15 Mar 2008 08:58:51 +0000

Stupid notions but I don’t think the “service economy” was the best way I could explain this.

Its the notion of POST-INDUSTRIAL-SOCIETY that is the foolish notion. We need heavy industry that is more and more robust all the time.

Note also that observer has taken on a nonsensical appraoch to comparative advantage. Comparative advantage doesn’t mean that anyone loses their heavy industry.

You lose your heavy industry because of bad policy. Never because of comparative advantage.

By: Graeme Bird

Graeme Bird — Sat, 15 Mar 2008 08:54:46 +0000

Only Humphreys or Jason Soon could come up with something as ridiculous as what observer came up with.

And in fact observer is no observer but rather a swallower. A swallower of stupid notions like the idea of the service economy, or the idea that trade deficits never matter no matter what the context.

By: Graeme Bird

Graeme Bird — Sat, 15 Mar 2008 08:51:02 +0000

This reminds me of some neoclassical nutball that was trying to tell me that we were going to be able to get by on landscape-gardening and Hedge-fund management. He seemed to think that the loss of our heavy industries would be a sign of success. Real dummies these people. Their understanding bears no relationship to the real world whatsoever.

Economics is largely about moving things, picking them up, putting them down, changing their nature.

That all means big trucks and heavy industry. It all means more and more energy. It means more infrastructure and more infrastructure takes big trucks, machinery and heavy industry.

Energy consumption will typically grow disproportionately in relation to GDP. Since growth in GDP implies a disproportionate growth in GDR due to the lengthening of the structure of production.

For this reason energy production is the longest pole in the tent. We need that in place before we can do anything else.

And we now face an emergency in energy production that has been foisted on us by environmentalism and zoning and is not part free enterprise as such.

By: Graeme Bird

Graeme Bird — Sat, 15 Mar 2008 08:43:25 +0000

Sorry to break it to you observer but you are entirely wrong. And in fact most services are just things that heavy industry is outsourcing.

This is all just a myth. This is neoclassical economics not being able to see the total economy on account of their GDP-focus.

Name some of these service industries you are envisaging. All of them require heavy industry and energy production.

By: observer

observer — Sat, 15 Mar 2008 08:39:16 +0000

Hey Churkey
sorry to break it to you but manufacturing is pretty much irrelevant to Australia. we can import stuff that other countries make while we sell more lucrative services.