Comments on: Silly ideas of the day, Dylan Ratigan edition http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Danny_Black http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-35264 Mon, 23 Jan 2012 19:44:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-35264 Foppe, I guess dealing with facts is beneath you right? Especially as they seem to regularly get in the way of your opinions. No wonder you were such a fan of Graeber.

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By: Foppe http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-35020 Sun, 15 Jan 2012 23:09:29 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-35020 Oh, you poor Danny boy. So intent on not learning anything whilst “trashing” your “opponents”. You simply must be an Obama voter.

Felix? Are you really happy to have intellectual lightweights like Danny commenting (and apparently agreeing with what you write) regularly? Lord knows it would put me off.

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34974 Fri, 13 Jan 2012 13:20:24 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34974 http://www.businessweek.com/finance/occu py-wall-street/archives/2011/11/david_gr aebers_odd_history_of_silicon_valley.htm l

Fantastic!!

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34973 Fri, 13 Jan 2012 13:19:04 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34973 Dollared, I assume you haven’t checked what Ecuador has to pay – and do – to get a loan.

Foppe, I read exactly three things that Graeber has said and all were clearly and obviously incorrect – being the origin of the word for debt in the various different languages in which the world’s major religions were originally written in, that Apple was founded by some ex-IBMers guys working in a garage on their laptops and how the Fed works. So if by “fantastic”, you mean can’t get the indisuptable stuff even vaguely correct then you are spot on.

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By: BidnisMan http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34971 Fri, 13 Jan 2012 11:10:59 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34971 “I’ve spent the best part of a day trying to work out what on earth Ratigan might be driving at here”

The sentence is logical. But it loses all meaning when viewed with even 1 minute of common sense. Ideas that are simply nonsense need to be called out. Respect.

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By: realist50 http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34946 Thu, 12 Jan 2012 20:39:18 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34946 Bravo, Felix, for recognizing the issues with these ideas. Ratigan’s idea on debt cancellation sounds like one of Chavez’s rants.

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By: JayCM http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34935 Thu, 12 Jan 2012 17:10:49 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34935 Felix, fractional reserve banking creates money, which is different than printing money.

Say I have money M, which I deposit in a bank. The bank lends out M-r (where r is some small reserve). Now a lender has M-r to spend, and I still have M to spend with my debit card, so the money supply has gone from M to (2M-r). This is fairly simple econ.

I doubt that the derivatives can so cleanly be canceled, but that’s the real problem with derivatives. We now have more than enough fiddly derivative contracts to keep every lawyer in the world arguing until the sun burns out, and the volumes are so huge (hundreds of trillions to quadrillions of dollars) that even in 99% of it nets to zero, the remainder is still enormous.

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By: TheDollarGame http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34933 Thu, 12 Jan 2012 15:28:10 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34933 Great post, Felix. I wrote a post myself piggybacking off of this: http://thedollargame.wordpress.com/2012/ 01/12/does-dylan-ratigan-want-to-end-the -fed/.

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By: redwood509 http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34932 Thu, 12 Jan 2012 15:02:05 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34932 Ratigan was a certified loud mouth at Bloomberg and CNBC. For an air-head he got a big chip on his shoulder and very little to say beyond parroting the talking points of the discredited “jurnolistas” whose talking points are fed to him daily, to make him look “a bright person” . He is one more reason why for me MSNBC does not exist. Between Ms. Madow, Colonel Schultz and Chris Mathew, this barker is a fine addition to a team of raving clowns who fell off the bed of a truck.

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By: dWj http://blogs.reuters.com/felix-salmon/2012/01/11/silly-ideas-of-the-day-dylan-ratigan-edition/comment-page-1/#comment-34927 Thu, 12 Jan 2012 06:32:17 +0000 http://blogs.reuters.com/felix-salmon/?p=11826#comment-34927 Are you drinking the third bottle of wine at 3AM your freshman year of college?

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