jmho

3 Comments

    • ON: Tue Sep 2nd 18:44 PM
      Commented on:
      Would Trickle-Down Policies Really Help All Americans?
      I could not agree more with you gramps2. Mr. Thoma should take this somewhere where people want to read the babble. And since its a cut & paste from thinkprogress.org he should have just left it there! Are we going to have to listen to all this cut and paste babble from those that find more joy in disrespecting (and misquote) the other side's guy, than promoting the views and positions of their own guy!
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    • ON: Mon May 19th 13:20 PM
      Commented on:
      The Great MasterCard - Visa Debates
      "the processing fees of 1 to 4 percent that are paid directly to MasterCard and Visa" ... You are so far off base here. These fees are paid to the banks by the merchants, not Visa or Mastercard. The banks have an agreement between them on how a fee collected by a Merchant's bank is "shared" with the Cardholder's Bank. Beyond the obvious profit motive, these fees are reduce the risk to the banks for credit card fraud (or did you think they were really just assuming that libility).
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    • ON: Wed Apr 30th 10:55 AM
      Commented on:
      From Housing to Employment: We're in Big Trouble
      Yes, and if the 10 mile wide metor drops from the sky, then ...

      This is more a "faith" based post than a real economic discussion. The basic premise that every commodity will rapidly rise as wages drop (homes too, and stocks I guess, since those are owned by John Q Public) substantially underscore this author misunderstanding of economics.

      I cannot find one statement in this whole article that I - or I would say anyonbe with a basic understanding of economics - would agree with.

      View article »
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