Comments on: Stiglitz: It’s the stupid economists, stupid http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/ Make more money, invest profitably, retire early Sat, 11 Feb 2012 01:13:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Investor http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-25091 The Investor Tue, 16 Feb 2010 10:30:06 +0000 http://monevator.com/?p=3589#comment-25091 Update: Video podcast of Stiglitz's lecture now available on the <a href="http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/publicEventsVideos/publicEventsVideosPrevious.aspx" rel="nofollow">LSE past events podcast page</a>. Update: Video podcast of Stiglitz’s lecture now available on the LSE past events podcast page.

]]> By: The Investor http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24829 The Investor Sun, 14 Feb 2010 23:13:49 +0000 http://monevator.com/?p=3589#comment-24829 @Sam - Cheers. I appear to have been linked to by the Huffington Post, too, but I'm still looking. Perhaps it was in an unindex-ed comment or page. Still, the Huff. Feel the polito-wonk love. @Sam – Cheers. I appear to have been linked to by the Huffington Post, too, but I’m still looking. Perhaps it was in an unindex-ed comment or page. Still, the Huff. Feel the polito-wonk love.

]]> By: Financial Samurai http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24817 Financial Samurai Sun, 14 Feb 2010 17:53:46 +0000 http://monevator.com/?p=3589#comment-24817 Mate, The Stig and this post is highlighted in the latest Katana wrap. Nice! .-= Financial Samurai on: <a href="http://www.financialsamurai.com/2010/02/14/the-katana-happy-chinese-new-year/" rel="nofollow">The Katana: Happy Chinese New Year!</a> =-. Mate, The Stig and this post is highlighted in the latest Katana wrap. Nice!
.-= Financial Samurai on: The Katana: Happy Chinese New Year! =-.

]]> By: Happy Chinese New Year! Tiger Uppercut! | Financial Samurai http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24816 Happy Chinese New Year! Tiger Uppercut! | Financial Samurai Sun, 14 Feb 2010 17:35:38 +0000 http://monevator.com/?p=3589#comment-24816 [...] “The Difference Between Lifestyle Creep And Inflation” from Money Reasons.* “It’s The Economists, Stupid” from Monevator.* “Paying Kids For Good Grades” from Darwin’s Finance.* [...] [...] “The Difference Between Lifestyle Creep And Inflation” from Money Reasons.* “It’s The Economists, Stupid” from Monevator.* “Paying Kids For Good Grades” from Darwin’s Finance.* [...]

]]> By: The Investor http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24114 The Investor Wed, 10 Feb 2010 08:40:31 +0000 http://monevator.com/?p=3589#comment-24114 @Len - Yep: It's worrying how the valid criticisms of the ultra-free market in the wake of the financial crisis is empowering these guys to think they've won battles still firmly *lost*. I saw a lecture a couple of weeks ago by a food expert in this country - the head of the Soil Association, a sort of organic certifying board and campaign group - and - based partly on the credit crisis, believe it or not - he was talking about how the agricultural system would be better and more secure if government and citizens twinned local towns with distant farms and guaranteed to buy all their food, and so forth. To hell with the free market! Layers of expensive bureaucrats to plan it all and a big Excel document can work out who wants to eat what next January - and the farmers won't exploit this at all of course. Yeah right. Crackers! We'd be starving in three months. @Len – Yep: It’s worrying how the valid criticisms of the ultra-free market in the wake of the financial crisis is empowering these guys to think they’ve won battles still firmly *lost*.

I saw a lecture a couple of weeks ago by a food expert in this country – the head of the Soil Association, a sort of organic certifying board and campaign group – and – based partly on the credit crisis, believe it or not – he was talking about how the agricultural system would be better and more secure if government and citizens twinned local towns with distant farms and guaranteed to buy all their food, and so forth.

To hell with the free market! Layers of expensive bureaucrats to plan it all and a big Excel document can work out who wants to eat what next January – and the farmers won’t exploit this at all of course. Yeah right. Crackers! We’d be starving in three months.

]]> By: Len Penzo http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24093 Len Penzo Wed, 10 Feb 2010 04:34:48 +0000 http://monevator.com/?p=3589#comment-24093 I am jealous, Investor. I would have loved to hear Stiglitz! "I find that a lot of left-leaning economists are better at the past than the future." Ya think? (Hyperbole on) These were essentially the same type of guys who were so good at developing the Soviet Union's 5-year plans that resulted in the iconic long lines for everything from Vodka to toilet paper. (Hyperbole off) They're still responsible for long queues now - albeit now it's a result of them shilling their books! Enjoyed the review! Best, Len Len Penzo dot Com .-= Len Penzo on: <a href="http://feedproxy.google.com/~r/LenPenzo/~3/QHVq1eSYJ0s/id976-the-best-of-the-best-in-money-and-personal-finance-11.html" rel="nofollow">The Best of the Best in Money and Personal Finance #11</a> =-. I am jealous, Investor. I would have loved to hear Stiglitz!

“I find that a lot of left-leaning economists are better at the past than the future.”

Ya think? (Hyperbole on) These were essentially the same type of guys who were so good at developing the Soviet Union’s 5-year plans that resulted in the iconic long lines for everything from Vodka to toilet paper. (Hyperbole off)

They’re still responsible for long queues now – albeit now it’s a result of them shilling their books!

Enjoyed the review!

Best,

Len
Len Penzo dot Com
.-= Len Penzo on: The Best of the Best in Money and Personal Finance #11 =-.

]]> By: The Investor http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24091 The Investor Wed, 10 Feb 2010 01:17:08 +0000 http://monevator.com/?p=3589#comment-24091 @Sam - Hey, good to hear your thoughts, which I sort of agree with. I think an economist is like a weatherman - good at describing what's going on in the short-term, but useless at the long-term, and also powerless to really change events. "The Stig" (!) was great on diagnosing the problems that led to the credit crisis, but I certainly wasn't convinced of all his prescriptions for going forward... I find that a lot of left-leaning economists are better at the past than the future, starting with Marx! :) @Sam – Hey, good to hear your thoughts, which I sort of agree with. I think an economist is like a weatherman – good at describing what’s going on in the short-term, but useless at the long-term, and also powerless to really change events.

“The Stig” (!) was great on diagnosing the problems that led to the credit crisis, but I certainly wasn’t convinced of all his prescriptions for going forward… I find that a lot of left-leaning economists are better at the past than the future, starting with Marx! :)

]]> By: Financial Samurai http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24085 Financial Samurai Tue, 09 Feb 2010 20:44:00 +0000 http://monevator.com/?p=3589#comment-24085 Good stuff! I heard The Stig speak live a couple times before. It's always good to hear very bitter, and relatively underpaid intellects bash everybody! They have an underlying inferiority complex (despite the nobel prize) b/c they think they are smarter than everyone else, and yet don't get paid more than everyone else. These folks are curious beings. Remember the phrase "those who can't, teach"? Tell Joe to put his neck on the line and take risks. It's fun to bounce talking heads, esp Stiglitz who tells us what went wrong, but doesn't do anything to make things right. For that, he's a genius! .-= Financial Samurai on: <a href="http://www.financialsamurai.com/2010/02/08/how-to-get-your-super-motivated-boyfriend-to-marry-you/" rel="nofollow">How To Get Your Super Motivated Boyfriend to Marry You</a> =-. Good stuff! I heard The Stig speak live a couple times before. It’s always good to hear very bitter, and relatively underpaid intellects bash everybody! They have an underlying inferiority complex (despite the nobel prize) b/c they think they are smarter than everyone else, and yet don’t get paid more than everyone else. These folks are curious beings.

Remember the phrase “those who can’t, teach”? Tell Joe to put his neck on the line and take risks. It’s fun to bounce talking heads, esp Stiglitz who tells us what went wrong, but doesn’t do anything to make things right. For that, he’s a genius!
.-= Financial Samurai on: How To Get Your Super Motivated Boyfriend to Marry You =-.

]]> By: The Investor http://monevator.com/2010/02/09/stiglitz-it%e2%80%99s-the-stupid-economists-stupid/comment-page-1/#comment-24057 The Investor Tue, 09 Feb 2010 12:35:18 +0000 http://monevator.com/?p=3589#comment-24057 Update: <a href="http://www.businessweek.com/news/2010-02-08/stiglitz-says-u-s-and-u-k-deserve-to-keep-triple-a-ratings.html" rel="nofollow">Business Week</a> has covered something Stiglitz said that I didn't mention - that the UK and US deserve to keep their triple-A credit ratings. Update: Business Week has covered something Stiglitz said that I didn’t mention – that the UK and US deserve to keep their triple-A credit ratings.

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