Wednesday, April 10, 2013

What the IMF would have us believe


Billions of pounds of QE unlikely to cause inflation--IMF

 A preview of likely future research findings by the IMF:
Increasing the minimum wage does not increase unemployment.
Increasing taxes does not reduce capital accumulation.
More regulation of business actually reduces business costs.
Nationalized industries produce higher quality goods.

2 comments:

  1. What the IMF would have us believe
    by Patrick Barron:

    "Billions of pounds of QE unlikely
    to cause inflation--IMF"

    "A preview of likely future
    research findings by the IMF:

    Increasing the minimum wage
    does not increase unemployment.

    Increasing taxes does not
    reduce capital accumulation.

    More regulation of business
    actually reduces business costs.

    Nationalized industries produce
    higher quality goods."

    --------------- // ---------------------

    What a post by academic economist.
    Worse than our local copy of
    the Socialist Daily Worker.

    Headlines with no supporting
    facts, no good reasons to
    believe statements.

    Times have changed. 50 years
    ago, I was required to support
    statements with facts or good
    reasoning. Here we have teacher
    of economics posting unsubstantiated
    critiques. Where is proof or
    good reasons?

    This style may be acceptable
    to Marxists, but there are a
    few of us who want professional
    and supported by facts writings
    and postulations.

    And where are APA citations?

    Is this really accepted in
    classrooms today? By all
    teachers of economics?

    Ed Kroposki
    Greenville, SC, USA






    ReplyDelete
  2. Ed, of course these are all false statements. Do you really need a proof?

    ReplyDelete