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Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by bongodongobob on Sunday April 14, 2024 @12:45AM (#40028733)
"Fiscal conservativism" is the equivalent of a household not purchasing any insurance, not going to the doctor or dentist, and saying "look how affordable everything is if we cut out all those stupid things? It's wasteful spending!" Then you get into a car accident, go to the hospital, lose your job, and cry about the inefficiency of the market because you now have a huge bill that you can't pay. It's short sighted at best. True fiscal conservatism would be all about social safety nets and free education to grow the economy, but y'all just want to save a few hundred bucks on your property taxes, everything else be damned.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by gumby on Sunday April 14, 2024 @02:07AM (#40029039)
Woah, you sound like Adam Smith (the real one, not the one worshipped by alleged acolytes who clearly never read a word he wrote).
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by Terr_ on Sunday April 14, 2024 @04:38PM (#40034268)
I often like to observe that there is capitalism and then there is Capitalism with a an uppercase--dare I say "capital"--letter C.

The first is a kind of economic engineering with trade-offs and conditions and acknowledged edge-cases, the second is a brand supported by some rather culty dogma.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by rayiner on Sunday April 14, 2024 @03:58AM (#40029485)
> True fiscal conservatism would be all about social safety nets and free education to grow the economy

Which is why Italy and France have such strong economies, right? What’s really standing in the way of economic growth is that the government isn’t paying for people to get free degrees in left wing studies.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by tossandthrow on Sunday April 14, 2024 @05:02AM (#40029776)
or the Scandinavian countries that generally have higher spending power than the us.

remember not to conflate a strong economy with an economy that is worth living in. you can possess minimum paid jobs in order to make profits for shareholders and never see a dime of that wealth yourself, but alas, you live in a strong economy.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by fvvybfbfbyg on Sunday April 14, 2024 @09:10AM (#40030832)
> or the Scandinavian countries that generally have higher spending power than the us.

Do they? PPP they all have lower disposable income than the US and they are not even at the top in Europe (including social transfers). Germany, Switzerland, Austria and the Netherlands are above Norway and Sweden is even lower than France.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by hollerith on Sunday April 14, 2024 @09:45AM (#40030996)
Also, Norway's PPP is as high as it is only because of North-Sea oil revenue.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by tossandthrow on Sunday April 14, 2024 @09:56AM (#40031068)
that is used for a sovereign wealth fond. Norway produces less oil than the us.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by hollerith on Sunday April 14, 2024 @09:58AM (#40031076)
Right, but the US has 60 times as many people. Norway's per capita oil revenue is very high.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by dwallin on Sunday April 14, 2024 @02:31PM (#40033228)
Of course we have higher Disposable Income in the US, it's a useless metric for these sorts of comparison purposes as it includes expenditures for things like healthcare, which in most other places is paid for by taxes (aka. not part of disposable income). A more useful metric would be Discretionary Income.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by rayiner on Sunday April 14, 2024 @03:40PM (#40033774)
The OECD economists are pretty smart cookies, and account for government services delivered in kind (like healthcare). The net adjusted household disposable income includes the value of government provided healthcare: https://www.oecdbetterlifeindex.org/topics/income/ (“Household adjusted disposable income includes income from economic activity (wages and salaries; profits of self-employed business owners), property income (dividends, interests and rents), social benefits in cash (retirement pensions, unemployment benefits, family allowances, basic income support, etc.), and social transfers in kind (goods and services such as health care, education and housing, received either free of charge or at reduced prices).”) So the income top line in European countries is higher than the actual income to account for the value of those services.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by rayiner on Sunday April 14, 2024 @10:00AM (#40031098)
I agree that you can’t conflate a strong economy with one worth living in. But OP was saying that we should invest in education for economic growth, and that doesn’t make sense. There’s trade offs to be made between growth and quality of life.

It’s not true Scandinavian countries have more spending power. The OECD keeps very detailed economic data. The US has the highest PPP disposable income in the OECD: https://www.statista.com/statistics/725764/oecd-household-di.... It’s about 67% higher than Sweden and Denmark.

Now you might say, but Swedes and Danes live longer and are happier. That’s true! But as far as I can tell, Americans would rather live shorter lives and have more TVs and trinkets. My parents came back from traveling in Australia. My mom was ranting for weeks about how small and close together the houses are and nobody can get really rich. We are immigrants from a third world country. All of my family members that have come here think that “making it” means living in a McMansion and driving an SUV. I don’t know if it’s something in the water, or the people who come here are just that way, or maybe a bit of both. But it’s worth contemplating that Americans are making rational choices based on their particular utility functions.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by bugbuddy on Sunday April 14, 2024 @01:06AM (#40028804)
You are using a straw man. The reason we have a democracy and freedom of speech is so that each of us can voice our opinions and vote for those that share them. Unfortunately, nothing is perfect.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by bongodongobob on Sunday April 14, 2024 @01:14AM (#40028828)
I'm using the term as it's used 9/10 times it comes up. I've never in my life met a self proclaimed fiscal conservative that didn't just mean "I want lower taxes". The way to lower taxes is a healthy and intelligent population. That is seen as a cost but is actually an investment that pays massive dividends. That's what a fiscal conservative would do, invest at the societal level. Otherwise they're basically just a libertarian.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by latency-guy2 on Sunday April 14, 2024 @01:43AM (#40028953)
So a strawman. You set up the premise, you set up your misunderstanding, and then expect everyone else to follow your misunderstanding. You've even redefined what a "fiscal conservative" would actually do (if you were the one defining it).

Then you pulled in "libertarian" out of nowhere. Which is an obvious set up for another strawman, so lets lean into it. Whats a "libertarian"?

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by ben_w on Sunday April 14, 2024 @02:16AM (#40029073)
I have no skin in this because I don't live in the USA and don't want to, but no, everything in the comment you replied to falsifies "So a strawman".

You can be wrong without being a strawman. When every example you have of X is Y, it's not a "strawman" to say "all X are Y" — when you're wrong like that, it's a black swan.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by mistermann on Sunday April 14, 2024 @02:49AM (#40029193)
> You can be wrong without being a strawman.

Sometimes yes, but not always.

> but if every example you have of X is Y

Is that actually true though? Are you not assuming perfect rationality on behalf of the poster, and that they have an adequate sample size, which tends to be subject to who the individual associates with.

> it's not a "strawman" to say "all X are Y"

That depends on the truth of the matter.

>when you're wrong, it's a black swan.

Only if the initial guess was correct.

You may be describing appearances. That which cannot be seen does in fact exist, it just doesn't seem like it because it exists in a different realm, and how our culture is trained to think about such problems spaces.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by latency-guy2 on Sunday April 14, 2024 @03:07PM (#40033520)
> everything in the comment you replied to falsifies "So a strawman".

No it doesn't, user exclaims their ignorance and your follow up emboldens their ignorance does not make a QED.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by ben_w on Sunday April 14, 2024 @03:19PM (#40033609)
Does your understanding of reasoning consist solely of the dichotomy "every position is either a QED or a strawman"?
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by latency-guy2 on Sunday April 14, 2024 @09:23PM (#40036153)
Does yours?

> When every example you have of X is Y, it's not a "strawman" to say "all X are Y" — when you're wrong like that, it's a black swan.

Either way, I don't appreciate you putting words in my mouth, I hope you don't go around proclaiming you're the arbiter of all that's right in the world.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by ben_w on Sunday April 14, 2024 @10:46PM (#40036620)
> Does yours?

The very thing you quoted demonstrates that mine allows for people to make errors without condemning them as deliberately weak setups.

> I don't appreciate you putting words in my mouth

If you do not like how your words are perceived by others, you should consider choosing them more carefully.

Despite your lack of appreciation, this comment is one which I am still only able to read in a way which suggests that you are stuck with this false dichotomy:

> No it doesn't, user exclaims their ignorance and your follow up emboldens their ignorance does not make a QED.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by latency-guy2 on Tuesday April 16, 2024 @12:38AM (#40048410)
> The very thing you quoted demonstrates that mine allows for people to make errors without condemning them as deliberately weak setups.

No.

> If you do not like how your words are perceived by others, you should consider choosing them more carefully.

Lets see, you deliberately trolling and being bad faith is somehow my issue. Interesting.

> Despite your lack of appreciation, this comment is one which I am still only able to read in a way which suggests that you are stuck with this false dichotomy:

No. You lack the fundamentals.

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by xedrac on Sunday April 14, 2024 @01:47PM (#40032875)
I only want lower taxes if I see my current tax money being spent very irresponsibly, like "forgiving" student loans...