January 25, 2013 § Leave a comment
I really don’t caricature Don Boudreaux. This is what he actually thinks.
Last year’s annual report by the UN Conference on Trade and Development should have been an obituary for the neoliberal model developed by Hayek and Friedman and their disciples. It shows unequivocally that their policies have created the opposite outcomes to those they predicted.
January 14, 2013 § 6 Comments
December 27, 2012 § 2 Comments
Donald J Boudreaux, 1956, and the curious case of the missing decades in between.
A brief history lesson, the GMU econ department has been the local good-time girl for large corporations to purchase denial services going all the way back to big tobacco in the 1980’s. Lately the stimulus denier jobs (Russ Roberts) have dried up as the stimulus wound down, but they always have a standing order for income-inequality deniers from the Koch brothers et. al. God forbid some rich bastard loses a few basis adjustment points on his taxes someday. Boudreaux has been going through a 1956 Sears catalog trying to show you that you could buy dresses working fewer hours per week today than in 1956. Interestingly, no other considerations ever carry any weight except those he cherry picks, which is why I sometimes call Don Boudreaux the ‘one-dimensional wonder’.
Another charming conceit of Russ and Don is that, being academic economists, they are always experts in any discipline they fancy and superior to well, actual experts in that discipline. I’ve lost count but between them they are expert petroleum reservoir engineers, manufacturing cost accountants, automotive design engineers, health insurance underwriters, and consumer credit law ombudsmen. Don’s just added Procurement Manager to his skillset, even though any actual procurement manager could tell you a 1956 dress and a 2012 dress are not made out of the same raw materials. A 1956 dress is made out of meat and potatoes, and a 2012 dress is made out of fish heads and rice
Anyhoo, since Don Boudreux has had some ‘missing time’, maybe from a UFO abduction, here’s some links from 2012 to the relevant years in the past to help him catch up on the ‘missing decades’…
Drought in US wost since 1956
The number of Americans on food stamps now exceeds the combined populations of Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.
According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government. Back in 1983, that number was less than 30 percent.
In 1984, the median net worth of households led by someone 65 or older was 10 times larger than the median net worth of households led by someone 35 or younger. Today, the median net worth of households led by someone 65 or older is 47 times larger than the median net worth of households led by someone 35 or younger.
Teacher morale at lowest in 20 years
Poverty level worst since 1993
————2012, record high
Record number of Americans 55 and older are still working
————2012, record low
People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire.
————2012, record high
Child homelessness up 33% in three years setting record
I cribbed almost the entire page from here. Sorry, but this is a spare-time no-budget gig for me, unlike Russ Roberts and Don Boudreaux who get paid for 40 hours a week of shilling for the malefactors of great wealth.
Boudreux’s ratio of sincere to fake is always a bit fuzzy. Some of his more obvious BS reminds of me of what I heard a guy say about being in a firefight in Vietnam: “They just said we had to put out fire they didn’t say we had to watch where it went.”…We on the outside don’t know how dedicated Koch and Fink are about the day to day keeping track of Russ and Don, I only know they both seem to spend a lot of time with their eyes closed holding down the trigger until the magazine is empty.
December 13, 2012 § 1 Comment
“2012 was for Russ and me filled (as recent years have been) with accusations that we write what we write, say what we say, teach what we teach, and blog what we blog only because we’re intellectual mercenaries.”
December 9, 2012 § 2 Comments
Not by me. Despite your carefully worded non-denial of a charge not made, you imply that you and Russ are ‘intellectuals’. Nuh-huh, you gave that up long ago when you decided to be advocate for the Koch’s. Intellectuals wouldn’t engage in:
Boudreaux makes up a theory because he dislikes the reality. If only there existed an information appliance to research checkable facts…
D’Ja ever notice Krugman uses current numbers and current events on current models to talk about current policies, and Austrian economics is always an ancient history lesson?
Lying about someones else’s position:
Russ Roberts redefines austerity to mean cutting all government spending when it ‘refers to a policy of deficit-cutting by lowering spending via a reduction in the amount of benefits and public services provided’
Cheap plastic cr*p from China isn’t the import raising American’s cost of living, oil is. Don Boudreaux is a paid shill of the Koch brothers, who are, surprise surpise, in the oil speculation business. The more you know… (in comments if it lasts)
Boudreaux goes full tard and puts up a quote “…Let us not forget, however, that Roosevelt’s policies converted the crisis into a decade-long full-blown depression.” that he knows is misleading.
As always, it’s the state and only the state ever that “wrings all freedom and civility out of society.”
Tragic simpleton Boudreaux: “But trade’s only purpose is to make consumers’ better off.” People are more than just consumers, aspie.
Boudreaux comically lectures a teenager about the ‘real world’, that one in which individuals never ever ever collude. b
Boudreaux: “…although abstinence does boast a solid track record of preventing unwanted pregnancies.)” Holding your breath prevents breathing. We’ve already established neither can be kept up long enough to be effective.
“Being against government help is not the same as being against any kind of help. Why is this so hard for people to understand?” Because even the lowliest citizen is always a citizen. OTOH, your ‘religious community’ expels or kills anyone it doesn’t like. (Hint: Palestinians)
Not checking your sources:
Boudreaux ejaculates another LTTE, miffed that a book reviewer “…reports Strand’s speculation as if it were reasonable.” ONE DAY after posting a link to Garret Jones’ “superb” review. (Jones tells easily checked lie in it).
A very enjoyable Econtalk with an insider expert on TARP. I especially enjoyed where Barofsky keeps telling RR what he doesn’t want to hear and RR keeps trying to steer it back to ‘gov’t bad, free market good’ all the time.
See the difference?
I’ve lost count but between them Russ Roberts and Don Boudreaux are master: petroleum reservoir engineers, automotive design engineers, manufacturing cost accountants, and health insurance underwriters. What Don Boudreaux is not is an attorney, because he’s claimed cost averaging is speculation so many times after being corrected there’s no way he understands estoppel.
November 29, 2012 § 2 Comments
I think we should invent a new legal term called ‘estossel’. Koch whoring because you’re on John Stossel’s show: