By: admincw On: juillet 08, 2013 In: Non classé Comments: 0

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moncler outlet kids Because cost of living is the ONLY thing to look at for a healthy best moncler jackets economy. Heck, if you want to do that there are multiple states that have lower cost of living that Texas. moncler outlet kids

moncler Moncler Outlet online outlet uk As a whole, the CA economy moncler sale is healthy. You can cherry pick statistics that say they are doing poorly, but you have to root around and declare that the cost of living in CA is exclusively due to their zoning laws or some other thing. Do they contribute? Sure. Also its the 5th largest economy in the world and everyone wants to do business there. moncler outlet prices [score hidden] submitted 9 hours ago moncler outlet uk

Official Moncler Outlet I didn say cost of living is the only thing to look at, I said that GDP should be adjusted for cost of living. When you adjust GDP for cost uk moncler outlet of living, Texas is wealthier per capita than California. Official Moncler Outlet

moncler jackets kids There are also things to look at such as inequality and leisure time, however, moncler sale online inequality is almost exactly the same between the two states, so that doesn make a difference, and I can find statistics on leisure time. moncler jackets kids

moncler coats sale I moncler sale outlet not cherry picking statistics, I literally adjusting them for cost of living. Looking at average income adjusted for cost of moncler outlet store living isn « cherry picking » it literally a measure of wealth. One shouldn compensate for the other, they should just both try, moncler outlet woodbury and the sum will likely be better counter cyclical policy as long as we have fallible humans in charge. moncler coats sale

moncler outlet ny If you gonna pay off debt stealing from the rich (portion of the business cycle) to give to the poor (portion of the business cycle) seems like the best way to go about it (consumption smoothing, basically), but I suppose if the average debt to gdp ratio through the whole business cycle is too high it matters a lot less when you cut. Politically speaking you probably less likely to trigger Brexits if you shrink the debt burden during booms though. 2 points submitted 20 hours ago moncler outlet ny

womens moncler jackets Okay, but even if we expect both to lean against the wind so to speak, if you assume that central banks undershoot the level of expansion needed, they may simply lean against the wind LESS. womens moncler jackets

moncler coats for men I don moncler usa know why you would expect central banks to undershoot the level of expansion less simply because there some expansionary fiscal policy. Why wouldn we expect them to just factor that into the calculus? moncler coats for men

moncler outlets uk Edit: Think about it this way. Let say a monkey is running the central bank. The monkey chooses whether to increase or decrease the money supply completely at random. The monkey does not engage in procyclical or countercyclical fiscal policy. Any changes in the cheap moncler sale money supply are simply due to chance. After this happens, the US enters moncler outlet sale a huge recession due to a shock in aggregate demand. Would a trillion dollar fiscal stimulus package be effective given the current circumstances? Probably, it probably would, given that cheap moncler jackets womens we can have no expectation of monetary stimulus whatsoever. moncler outlets uk

moncler coats for cheap Logically, it follows that we should do the trillion dollar fiscal stimulus right? It will give the economy a shock to AD that moncler online store we can expect to get from our cheap moncler coats mens central bank because our central bank is run by a monkey. Except for one simple thing. Rather than pushing through a politically charged trillion dollar fiscal stimulus, the simplest way to fix this problem is simply to replace the monkey running the central bank! moncler coats for cheap

buy moncler jackets toronto Now that obviously an absurd situation. But in another way, the current situation has even LESS justification for fiscal stimulus than if there moncler uk outlet were a monkey running our central moncler outlet online bank. Because your assumption is not that the central bank is fundamentally incompetent and simply chooses expansionary or contractionary monetary policy at random, but that they undershoot the level of expansion needed. Well, given a large fiscal stimulus, this central bank would actually offset the stimulus unlike a monkey, and we would still be undershooting the level of expansion needed, just with a lot more debt. So now, our choice is between a trillion dollar fiscal stimulus that costs a trillion dollars and may or may not do anything at all given our central bank response, or simply replace the central banker. 1 point submitted 20 hours ago buy moncler jackets toronto

cheap moncler jackets outlet One reason to expect it would be that central bankers think the moncler outlet zero lower bound is actually a thing. Another would be that bankers might be very concerned about « inflation is a monetary phenomenon », and so have some ill defined limit in their heads as to how much base money they are willing to print, but make decisions in a reasonable manner below that point. cheap moncler jackets outlet

cheap moncler jackets wholesale But armchair psychology aside, the real reason is that I would expect a central bank to be overcautious in a manner not simply related to the actual « correct » course of action. In a similar manner to experimental subjects who would pay as much to save 500 birds from an oil spill as 5000 as long as you don put the situations side by side, a central bank which only ever sees one recession at the time might print as much money to make up for a 2% NGP shortfall as a 4% one. cheap moncler jackets wholesale

discount moncler outlet But I kind of relying on only a single data point here (2008 Fed), so handfuls of salt. discount moncler outlet

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moncler jackets cheap it in investors best interests to try and find a productive and investment oriented company to put their new buyback windfall into vs just a company that can think of anything to do with its cash then return it to shareholders. moncler jackets cheap

moncler outlets usa An important distinction to make here uk moncler sale is that the indirect effect would happen no matter who got the tax windfall in the first place. The justification for the tax windfall going primarily to corporations was that they were the ones that had economically productive avenues to explore, but were capital constrained it was supposed to be a direct pathway. moncler outlets usa

moncler outlet canada If the idea was that there be more money floating around and thus would find cheap moncler jackets its way into those productive endeavors, there were much more reasonable means of doing that moncler outlet canada.

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