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| User Info | Calling Out Paul Romer: WSJ in forum [Ticker] | |||
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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/776-Ca....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-06 09:57:15
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Mondocondo Posts: 3143 Incept: 2007-12-03 
Miami
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You should write to the Dean of Stanford University and point out that their institute is plagiarizing. Or, better yet, write to the Harvard and Yale Deans and point it out so they can diss Stanford.
2009-02-06 10:11:07
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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I contacted the University Provost via email. We'll see if I get a response. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-06 10:22:37
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Keewaydin Posts: 1547 Incept: 2007-08-22
Just a fleshwound!
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It seems to me that disgracing him would be counterproductive. The more people advancing this idea the better, IMO.
2009-02-06 10:38:50
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Robertmc Posts: 48 Incept: 2008-09-24 Tallahassee, FL
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You might as well get used to it Karl. Between WallScreech and the mainstream media toadies, you won't find enough honesty to admit to a speeding ticket much less plagiarism.
---------- Sweet Poison http://www.youtube.com/watch?v=dBnniua6-.... Last modified:
2009-02-06 13:16:57 by robertmc
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Will Posts: 76 Incept: 2008-12-26
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speaking of good and bad ideas, I keep trying to get through to my congress people and for days now the lines have been jammed. I can't get a message through to tell Chuck Schumer what a f**k he is and he should be ring fenced. I've called a few times a day all week. I hope the phones are not jammed with people just haggling over the petty details of the pointless stimulus plan. ps - I would echo the sentiment of Keewaydin that at least better ideas are being repeated.
2009-02-06 11:20:37
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Dirtysouth Posts: 2766 Incept: 2007-09-20 
Love Truth Honour ॐ Banned
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TF PILE ON! 
---------- Forest First...Trees Second Feb 9 ~ Mar 11 ~ Apr 09 ~ May 09 ~ Jun 07 ~ Jul 07 ~ Jul 22 ~ Aug 06 ~ Sep 04 ~ Oct 04 ~ Nov 02 ~ Dec 02 ~ Dec 31
2009-02-06 11:27:49
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Viperjason Posts: 905 Incept: 2008-03-06
Reno Online
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Genesis, You need to fix the ticker...you stated Oct 22, 2007 when it was Oct 22, 2008.
2009-02-06 11:49:32
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Thanks - done.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-06 11:50:04
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Xanares Posts: 1288 Incept: 2008-11-10
London
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You haven't spoken about this solution for a while, instead you've talked about the cramdown solution. Have you abandoned it or is the ground just far from fertile enough for it to grow anywhere in the current day?
2009-02-06 13:31:36
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Xanres, its all part of the same piece. Go look at the tickers referenced. You cram down the existing banks and you use the TARP money for this purpose. If a cramdown won't work you liquidate. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-06 13:37:12
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Xanares Posts: 1288 Incept: 2008-11-10
London
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Got it. Just information overflow error creating a loop in the synaptic terminals.
2009-02-06 13:54:45
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Jstanley01 Posts: 2574 Incept: 2008-07-30
San Antonio, Texas
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****-tard. Reminds me of, just the other day, seeing Pulitzer-prize-winning plagiarist Doris Kearns Goodwins once again spewing pablum from her pie hole on PBS, as if she were some kind of an expert historian. Instead of bagging groceries, where she belongs, evidently she's still a "Harvard Overseer," where she's an alum. Bald-facing lying permeates, not just high finance, but the entire spectrum of this culture's elites. Not only are there no consequences, often as not it's rewarded. As unfun as the conflagrations of a depression may be -- to many of us personally -- unfortunately there's no better prescription to clear out this worthless deadwood. http://www.slate.com/?id=2061056 http://hnn.us/articles/622.html ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me
2009-02-06 14:31:02
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Fugitivekind Posts: 613 Incept: 2007-08-20
Boston
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I think he may have also read "To Obama: Your First 100 days" ticker from December 27, 2008 "Revoke the EESA/TARP. You can send a bill up to The House to revoke it. Do so. If we have insolvent big banks then instead use the remaining $350 billion to charter 10 new banks and immediately IPO them off to the public. This would support three and one half trillion dollars in lending, present nearly zero risk to taxpayers, might earn them a profit, and would provide support for the system as opposed to providing support to the fraudsters and ripoff artists who caused this mess. Mandate that every transaction that these new banks engage in is 100% public - complete, open book - until the entirety of that seed capital is replaced. Trust me - it will be, and fast, considering that these institutions will begin with zero debt and zero crap on their balance sheets." ---------- "I refuse to leave our children with a debt they cannot repay, and that means taking responsibility right now, in this administration, for getting our spending under control." Barack Obama, Feb. 29, 2009
2009-02-06 14:37:08
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Architect Posts: 780 Incept: 2007-07-11
london UK
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Imitation is the sincerest form of flattery,dear boy. Karl, you had better get used to it.
2009-02-06 17:35:16
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Heh, I don't care WHERE he got it, and there have been plenty of people advocating this. What I'm absolutely certain of is that he didn't invent it on his own as a "first mover". It is THAT which I am objecting to - the presentation of this as an "original idea." ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-06 17:50:46
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Kingfish Posts: 113 Incept: 2008-10-17
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http://blogs.ft.com/maverecon/2009/01/th.... He probably plagiarized this one.
2009-02-06 18:02:46
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Jstanley01 Posts: 2574 Incept: 2008-07-30
San Antonio, Texas
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There's a descending order to stealing others' ideas, and an ascending order of sanctions: 1. Failure to attribute sources. SANCTION: In a sane society, credibility is damaged or destroyed. 2. Plagiarism. SANCTION: In a sane society, the academic and professional consequences are dire. 3. Copyright violations. SANCTION: In a sane society, there are legal consequences; see the FBI warning at the beginning of every commercial DVD for details. Edit: BTW, it's not unusual for an idea "whose time has come" to "originate" from multiple sources at the same time. Rectitude requires honesty, that's all. Romer's Johnny-come-lately timing is what nailed him at #1. ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me Last modified:
2009-02-07 10:20:56 by jstanley01
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Logastellus Posts: 45 Incept: 2008-10-14 Atlanta
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Could be a simple case of cryptomnesia. And before more people work themselves into a Day-of-Ashura-like apoplectic frenzy, hardly any ideas nowadays are truly "original." Did Shakespeare plagiarize Ovid? Using the money to spawn new banks - I have NOT seen that anywhere else on the web except here. So, that idea seems to me to be truly Karl's. But I doubt it came to him one starry night, out of the blue. He probably did extensive reading on the subject and formulated his ideas thereafter. Nothing's wrong with that.
2009-02-07 10:55:54
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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I've seen it in a bunch of places, but I don't recall it showing up until the TARP was proposed and I proposed it in response. There may have been others and that's ok - the point here being this is an old idea, many have voiced it, and promoting it is fine but claiming originality is not. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-07 12:52:32
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Honorius Posts: 387 Incept: 2008-05-21
Asylum
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Quote:It seems to me that disgracing him would be counterproductive. The more people advancing this idea the better, IMO. Counter-intuitive yet this is pretty much the way to go. At the end, what is important is not necessarly who gets the credit but if the thing you wanted gets done. Plus, what are the chances of history remembering him as "the" dude that had the good idea? People are still fighting over who discovered america. ---------- "[...] the truth is demanded only when it supports a preset ideology"
2009-02-07 12:53:57
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Jstanley01 Posts: 2574 Incept: 2008-07-30
San Antonio, Texas
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Obviously, the Internet is not a scholarly milieu. Furthermore, no one owns an idea. Thing is, by failing to attribute, readers are cut off from other pertinent and potentially valuable lines of inquiry from the "original" source. Dishonestly hogging credit always stifles debate, whether in scientific discourse, a boardroom, or a barroom brawl. ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me
2009-02-07 13:09:12
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-02-07 15:42:10
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Andyturk Posts: 25 Incept: 2008-01-05
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For what it's worth, Paul Romer is a friend and former boss of mine. He´s well respected in the economics world for good reason: he's one of the smartest guys I know. As soon as this Ticker went up, I told him about KD's issue and hoped the two could take care of the problem between themselves. Sadly, it seems to have gotten worse. When I read the WSJ piece, I didn't think Romer was taking credit for someone else's idea. He didn't think he was either. IMO, a lot of knickers are being twisted unecessarily. ´Nuff said.
2009-02-10 20:44:12
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Mm^^ Posts: 2330 Incept: 2008-10-01
Gone, Baby, Gone
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Quote:the point here being this is an old idea, many have voiced it, and promoting it is fine but claiming originality is not. I don't know how to respond to this. I mean, I do, but not in any way that some reasonable people might attribute an "ulterior motive" to my comments. I'll take a chance, on the premise that we have an "above board mentality" re: most of the posters here: This is one of the classiest statements I have ever seen. (IOM) ---------- I always leave cookies.
2009-02-10 20:57:39
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