Debt and Taxes: This is No Time to Cut Federal Spending

Quote:

---

Originally Posted by DarrinS

Actually, it has a definition and 3 different ways of estimating it.


Do you think it's wise to have massive govt spending during a deep recession? After all, that GDP equation indicated that it would increase GDP.

---

There are many more than 3 ways.

The most widely used/accepted measure is the one that I gave.

When the vast majority of people talk about GDP, that is the one used.

To answer your question, it is wise to have government spending in a recession for the precise reason that it mitigates the contraction in the economy.

Quote:

---

Originally Posted by DarrinS

Do you think it's wise to have massive govt spending during a deep recession? After all, that GDP equation indicated that it would increase GDP.

---

Absolutely.

Quote:

---

Originally Posted by ElNono

Absolutely.

---

He'll probably just ignore you now. His iron cooled.

Quote:

---

Originally Posted by DarrinS

I prefer equations that I can verify through measurement. With something like GDP, I'll just have to take someone's word for it.

---

You make it sound like it's just some guy off the street who came up with this equation.

As far as verifying the equation, you could plug the numbers in yourself and see if you get the right answer, then compare it to known GDP values to see if it matches up.

I don't see any other way to "verify" a GDP equation...it's not like you can count every dollar being exported.

In this case, RG strongly hinted at zero. The trend of conversation almost assumed it in my mind, and his cutesy hint about how easy the answer is, practically gave it away.

http://www.fishingear.net/wp-content...20backlash.jpg

Quote:

---

Originally Posted by Winehole23

In this case, RG strongly hinted at zero. The trend of conversation almost assumed it in my mind, and his cutesy hint about how easy the answer is, practically gave it away.

---

RG is an intellectual giant and he is always right.

Well, except when he's not.

http://www.spurstalk.com/forums/show...&postcount=342

Quote:

---

Originally Posted by Winehole23

In this case, RG strongly hinted at zero. The trend of conversation almost assumed it in my mind, and his cutesy hint about how easy the answer is, practically gave it away.

---

Pretty much. I think Darrin suspected as much, but would be the last person to admit it.

Does it surprise you that his response to the answer is to simply downplay the entire way that modern GDP is measured, simply so he doesn't have to give up a cherished belief?

I do not labor under the mistaken impression that I am talking to someone who is going to give anything a fair shake. The modern conservative movement seems to eschew anything remotely approaching a fair approach to issues, as my experience at the Tea Party seemed to confirm.

The intelligent, fair-minded conservatives seem to be completely drowned out by the Becks and Limbaughs screaming for blood. :depressed

Quote:

---

Originally Posted by LnGrrrR

You make it sound like it's just some guy off the street who came up with this equation.

As far as verifying the equation, you could plug the numbers in yourself and see if you get the right answer, then compare it to known GDP values to see if it matches up.

I don't see any other way to "verify" a GDP equation...it's not like you can count every dollar being exported.

---

My macro-economics professor actually had us do this as an assignment. I thought that was really kinda cool.

Quote:

---

Originally Posted by RandomGuy

Pretty much. I think Darrin suspected as much, but would be the last person to admit it.

Does it surprise you that his response to the answer is to simply downplay the entire way that modern GDP is measured, simply so he doesn't have to give up a cherished belief?

I do not labor under the mistaken impression that I am talking to someone who is going to give anything a fair shake. The modern conservative movement seems to eschew anything remotely approaching a fair approach to issues, as my experience at the Tea Party seemed to confirm.

The intelligent, fair-minded conservatives seem to be completely drowned out by the Becks and Limbaughs screaming for blood. :depressed

---

I was going to hazard a guess at zero because, after a day full of data and stat manipulation, I was not gonna do any math homework.:toast

Quote:

---

Originally Posted by DarrinS

RG is an intellectual giant and he is always right.

Well, except when he's not.

http://www.spurstalk.com/forums/show...&postcount=342

---

DarrinS, do you know how to argue without using strawmen? :lol

Quote:

---

Originally Posted by LnGrrrR

DarrinS, do you know how to argue without using strawmen? :lol

---

That's not his role here. DarrinS's role is being a jackpot of logical fallacies, a fallacy artist.

In this context, I think you can see avoiding strawmen is pretty strictly contraindicated.