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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (582653)	8/25/2010 5:36:51 PM
From: TimF	Read Replies (2) \| Respond to of 1572472

Typo - That should have been "presenting and engaging arguments", not "presenting an engaging argument", I'm not describing arguments from me, but describing how I have been engaging actual arguments that have been presented to me, rather than ignoring them based on who is making them. A dismissal which would require that that $$ spent evaporate into nothingness. Of course they don't evaporate in to nothing. But they don't come from nothing either. They are pulled out of the economy before being recycled back in to it. The broken window fallacy is the real "voodoo" here, and it was well on display in the cash for clunkers program. Which didn't just pull money out of the economy but also destroyed valuable property, reducing the stock of wealth in order to try to increase the flow, by the economic activity of replacing the stock. Not quite "invalidate", the findings could possibly be correct Worthless...your word. Yes worthless. That doesn't equal false. If I make an argument that Obama is the president of the United States Therefore Obama is the president of the United States The argument is worthless even though the conclusion happens to be true. I don't think the CBO's conclusion is true (esp. if you mean the specific conclusion, not just the general idea that the stimulus was a net creator of jobs and national income), but its possible that it is. But relying on the CBO as an authority for such measures is fairly useless, as is the methodology the CBO used in its estimate earlier this year (and I think in this one, but I haven't conclusively determined that yet).