McArdle

Listening now, very enjoyable, thanks.

From Megan McArdle's blog poking fun at the economic nay-sayers as late as July 31 2008.

http://meganmcardle.theatlantic.com/archives/20...

The economy grew at 1.9% last quarter. Two thoughts. First, the American economy is simply amazingly resilient--1.9% is cause for exultant celebration in a lot of European finance ministries. And second, Barack Obama's campaign team is probably doing some serious rethinking this morning.



And of course my reply;

"I know I saw that recession around here somewhere . . . "

It's just behind the piles of federal and consumer debt and in front of the subprime housing mortgage meltdown. Just look a little better and I'm sure you'll find it.



Nailed It!!! Heeheeheehee!

"Meanwhile, economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer."
Krugman Oct 7, 2001

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." - August 2nd, 2002


He definitely nailed it!

I've never been impressed with McArdle all that much. Sometimes I think she is trying to be another Tyler Cowen...that's what I got coming from this podcast.

Not my favorite by far.

I agree Justin. Tyler is a sell out, and so is Megan McArdle. She sounds like all the other Neocons. In my definition of libertarianism, she doesn't come anywhere close. Now, it's okay not to support the positions of a popular libertarian politicians, so long you can personally justify it within a view of the world that is compatible with freedom. However, In her case, she showed such a huge amount of disdain for Ron Paul, Austrian Economics, etc. , that she resorted to ad hominem attacks on him and Austrian Economics ad nauseaum.

I didn't read her during the campaign. Actually I knew very little of Austrian Econ up until Jan of this year. You can thank Obama for that. Obama practically ran straight to mises.org! So Obama did do something good at least. Before that I had never taken an Econ course. It isn't required in Vegas HS, and at UNLV, it wasn't required either. Although now, I wish I did since Hoppe was still teaching classes when I was at school there.
My Libertarianism came a bit before all that though. I was a HRC supporter and really couldn't believe that all those people could get duped by an empty suit Obama. In the course of blogging/commenting at such places like Huff Po, Newsweek and NYT, I came to realize that my position wasn't really the standard Dem position, and it wasn't until after Obama was elected that I came to realize that I really was really a Libertarian than a Dem. It was one of those things where when I was looking for ammo to debate the Obama moonbats, I had to really read and do my own research and I realized everything I had believed in before was garbage. You know, when both HRC and Obama where talking protectionism, I read a bunch of stuff on how they both were just way wrong.
Anyway, as for Megan, I think she is doing good work. Anyone that is exposing Health Care Reform for the fraud it is, is welcome. But that's about as far as it goes in most cases.