tag:blogger.com,1999:blog-7169279.post1363771347379352669..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Economy in worst fall since '82Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7169279.post-64876316869310472292009-03-23T10:17:00.000-06:002009-03-23T10:17:00.000-06:00Touche Jason. I dropped the word "follow" in there...Touche Jason. I dropped the word "follow" in there. It should read "If anything, I think our governments are way to willing to follow other government's policies without any evidence that they actually worked."<BR/><BR/>Your opinion (that it is worthwhile to look at the experience of other countries) is certainly held by the majority. And, on the face of it, I have nothing against it.<BR/><BR/>Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-43661728325918942462009-03-15T22:27:00.000-06:002009-03-15T22:27:00.000-06:00In response to Calvin's comment, there is an artic...In response to Calvin's comment, there is an article up on MSN's page titled, "U.S. families lost $11 trillion in 2008. If you were part of that group you would likely have a different viewpoint on this recession. Obviously it is not as bad as the Great Depression, but how is that argument supposed to help people feel better? That's like telling people who are starving in Rwanda to stop anthonyhttps://www.blogger.com/profile/04626372206362885398noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-28573791011246311972009-03-13T15:59:00.000-06:002009-03-13T15:59:00.000-06:00Looking at other countries will certainly help us ...Looking at other countries will certainly help us see how practically everyone seems to be failing. That's a great way to promote pessimism! The amazing thing to me is how everyone looks at our situation and assumes the worst! So wer're the worst since the 1980's. So what!!! Compared to the great depression we're all living like kings! And now that unemployment is all of the sudden higher than Calvinhttps://www.blogger.com/profile/14614457811916008598noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-27326217163885839522009-03-13T14:54:00.000-06:002009-03-13T14:54:00.000-06:00In response to Jason's comment on Dr. Tufte's comm...In response to Jason's comment on Dr. Tufte's comment, what has been done by other countries, or our own country for that matter, concerning past recession can be irrelevant because each recession has different causes which require an accompanying different solution. For instants, the recession of 1982 was caused by the lack of liquidity and this recession is a matter of solvency. Each Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7169279.post-73621692100706735582009-03-13T14:41:00.000-06:002009-03-13T14:41:00.000-06:00I think looking at other countries could be very h...I think looking at other countries could be very helpful in comparing our own GDP. We live in a globalized world, and it's hard to imagine how half the developed countries could improve without the other half following. For instance, if things in the United States improved how could China, Japan, Canada, and Mexico not improve as well, as they account for the majority of our imports?anthonyhttps://www.blogger.com/profile/04626372206362885398noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-58617724174095724152009-03-13T14:36:00.000-06:002009-03-13T14:36:00.000-06:00-1 on Dr. Tufte for not being able to understand t...-1 on Dr. Tufte for not being able to understand the last part of his comment. <BR/><BR/>I would somewhat disagree with what Dr. Tufte said. I think it is a good idea to study what other countries are doing and the outcome of their decisions. As little as we might learn from those other countries, we could still probably glean a bit from their experiences which might be able to help us in the Jasonhttps://www.blogger.com/profile/05630843611857295829noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-27546266100021818782009-03-13T14:20:00.000-06:002009-03-13T14:20:00.000-06:00Although it may not be too helpful to look at the ...Although it may not be too helpful to look at the experience of other countries and how they have dealt with recession in the past, we must face the fact that we are in a global recession. With that being said, it would be a good idea for rich countries to have the same approach to stopping the recession and expanding the economy. President Obama has asked that all of the G-20 Nations establishBrian Smithhttps://www.blogger.com/profile/12739012264425131024noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-73317865723093485032009-03-08T15:56:00.000-06:002009-03-08T15:56:00.000-06:00-1 on Victoria and Gracie for poor grammar.I'm goi...-1 on Victoria and Gracie for poor grammar.<BR/><BR/>I'm going to say something heretical here: looking to the experience of other countries is overrated.<BR/><BR/>Recessions are very idiosyncratic. Each one is different from the previous one. That's just a platitude, but the fact is that if they were similar enough to each other we'd know more about them and how to combat them. They aren't and Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-57600665426847060472009-02-28T23:28:00.000-07:002009-02-28T23:28:00.000-07:00I agree that it would be a good idea to analyze wh...I agree that it would be a good idea to analyze what other countries are planning on doing to better their economies; however,government corruption should also be considered. As discussed in class, a while ago, many governments lie about their actual GDP and other statistical numbers. This could present a problem, if we rely on their info, as we base our policies after other countries actions.Graciehttps://www.blogger.com/profile/04805180586272914332noreply@blogger.com