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Paul Brandon

Mankato, MN
Commenter for
6 years 34 weeks

Recent Comments

With the cost of debt service as low as it is now (around 1%), it makes sense to accumulate debt that will be paid off with inflated dollars.
And of course most of the debt is held by American citizens, making it an allocation problem, not a systemic one.

and that in retrospect it was wrong.

Just proving that you haven't actually read Krugman.

If we cancel the disastrous F-35 project (talking about corporate welfare) and instead purchase the superior Eurofighter equipped with American avionics we could reduce the national debt substantially while at the same time improving our defense.

Any competent economist knows the difference between open and closed economies.

'Net interest' is not the same as 'interest on the debt'.
The government (particularly the Fed) moves a lot of money around, accruing as well as incurring interest.
Net interest is the total interest owed minus interest earned.

of the United States says
"...promote the general welfare...."
Or are you saying the the Constitution applies only to people who don't live in one of the States?

Posted on 07/21/14 at 05:49 pm in response to Considering Thomas Piketty, inequality and family fragmentation

Mr. Pearlstein does not mention:

One, low median wages have been paired with an increase in the number of two wage earner families (sometimes more if you include working children). This obviously is connected to a lack of guidance at home.

Second, some basic economics.
In a working free market an shortage of a good or service is supposed to result in an increase in its price.
So a shortage of skilled labor in certain areas should result in an increase in wages in...

Posted on 07/22/14 at 09:27 am in response to Considering Thomas Piketty, inequality and family fragmentation

that Pearlstein overlooks is the basic anomaly of our educational system.
Unlike other developed nations, we have no national educational system (same as the health care problem).
Given the fragmentation of our educational system and the way local school boards are continually reinventing the wheel (and coming up with square ones), it's not surprising that our system is inefficient.

And since our social support system is much more primitive than that of most other...

Posted on 07/21/14 at 02:44 pm in response to We use only 10% of our brains? It's a myth

The Morgan Freeman quote is:
“It is estimated most human beings only use 10 percent of the brain’s capacity. ......”

Note the use of the term 'capacity'.
That turns it from a structural statement to a functional one. We are unquestionably using our whole brains in the sense that all of the neurons are continuously active. However, we might be accomplishing a small fraction of what we could do if the same quantity of neural activity were better organized.

I doubt...