5 thoughts on “Bitcoins & Mises’s Regression Theorem (in Kyiv!)

  1. Ed K

    Roman predicts Bit Coins value to pulmet to one penny!

    More losses for Russian Oligarchs…

    Worse than Cyprus banks…

  2. Ed K

    Drinking traditional Vodka from paper cup? You
    need to be sober so you can read from script.

    Does your mother watch these videos? She is
    probably praying over the drinking…

    It is great to get your posts, but like Patrick Barron
    at times you forget your audience.

    Where are the citations for the Murphy comments?
    Instead of read more is it now talk more?

    Really we need you to come to country of your birth.
    Your heritage and beliefs are here. You need to sell
    your words here.

    You are abandoning us to Paul Krugman.

    See this comment:
    Observations on Paul Krugman’s Column:
    “Medicaid and Freedom”Samuel L. Skogstad

    New York Times columnist—or, more accurately,
    polemicist—Paul Krugman is also a Nobel Laureate
    in economics, and a distinguished professor at
    Columbia University. Yet his NYT columns regularly
    and consistently overflow with flaming, hate-filled
    rhetoric against “conservatives” and “Republicans.”
    Exaggeration, vilification, and sweeping unsupported
    generalizations are his preferred tools of “analysis.”
    His “Medicaid and Freedom,” reprinted in the
    Sarasota Herald Tribune on April 9, 2013 is an
    excellent example of his use of these instruments
    of bigotry and demagoguery.

    In that column he reiterates his usual theme,
    namely that “the U.S. Right” (which he uses
    interchangeably with “conservative,” and
    “republican”) only favors policies “comforting
    the comfortable, and afflicting the afflicted.”
    The proof he offers is the expected opposition
    of many Republicans to the Medicaid expansion
    in President Obama’s proposed FY 2014 budget.

    He adds that “Republicans oppose the expansion
    of programs that help the less fortunate.”

    Krugman’s intellectual contortions allow him
    to conclude that the massive expansion of
    government control over the production,
    delivery and pricing of health care and health
    insurance (he doesn’t distinguish between
    the two,) (aka Obamacare) will greatly increase
    individual freedom. If you oppose it you oppose
    freedom. This is the way charlatans argue.

    What has become of the modest and respected
    scholar who toils away in the vineyards of
    academia, seeking truth through honest,
    objective and rigorous inquiry?

    This observer and many of his fellow economists
    believe that Obamacare is a nightmare of
    confusion and complexity, precisely because it
    seizes control over the production and delivery
    of health insurance and care. If the problem is
    that too few people can afford access to the
    healthcare system, a far less expensive and
    less inefficient way to attack it would seem to
    be to let the public sector role in paying for it
    expand, while relying on the price system and
    free private markets to deal with its production
    and delivery. There is much room for legitimate
    debate on the definition of the problem and
    possible solutions. But Krugman is not advancing
    the cause of honest dialogue by merely
    genuflecting before Obamacare and vilifying
    people with competing points of view.

    Dr. Skogstad is an economics professor and
    a brother Marine. ~Bob


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