Comments on: A Prediction for 2011 http://jeffreymiron.com/2010/12/a-prediction-for-2011/ Libertarianism A to Z Sun, 06 May 2012 22:53:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Rocket Scientist http://jeffreymiron.com/2010/12/a-prediction-for-2011/comment-page-1/#comment-2956 Rocket Scientist Mon, 03 Jan 2011 20:56:46 +0000 http://jeffreymiron.com/2010/12/a-prediction-for-2011/#comment-2956 I am afraid that if the economy improves and tax revenues increase as a result, politicians at local, state and national levels will see this as permission to spend like progressives. I have some respect for drunken sailors. Most of the time they are sober. I am afraid that if the economy improves and tax revenues increase as a result, politicians at local, state and national levels will see this as permission to spend like progressives. I have some respect for drunken sailors. Most of the time they are sober.

]]> By: puzzling http://jeffreymiron.com/2010/12/a-prediction-for-2011/comment-page-1/#comment-2949 puzzling Mon, 03 Jan 2011 04:53:12 +0000 http://jeffreymiron.com/2010/12/a-prediction-for-2011/#comment-2949 This assumes that: 1. Interest rates will not rise, negating any expenditure cuts due to vast debt service across all levels of government 2. QE III happens and it keeps the stock market inflated, thus keeping retail spending up, eventually raising tax revenues. 3. No price-shock events occur, such as could be the case with oil if the administration advances the Iran war to before the 2012 election cycle. 4. Municipalities do not begin to default like dominos, perhaps to be bailed out by states and eventually the feds. Lots of uncertainty out there. It may be fairly sunny out, but I'm not sure this isn't the perspective of one in the eye of a massive hurricane. This assumes that:

1. Interest rates will not rise, negating any expenditure cuts due to vast debt service across all levels of government

2. QE III happens and it keeps the stock market inflated, thus keeping retail spending up, eventually raising tax revenues.

3. No price-shock events occur, such as could be the case with oil if the administration advances the Iran war to before the 2012 election cycle.

4. Municipalities do not begin to default like dominos, perhaps to be bailed out by states and eventually the feds.

Lots of uncertainty out there. It may be fairly sunny out, but I’m not sure this isn’t the perspective of one in the eye of a massive hurricane.

]]> By: Vake http://jeffreymiron.com/2010/12/a-prediction-for-2011/comment-page-1/#comment-2941 Vake Fri, 31 Dec 2010 23:31:23 +0000 http://jeffreymiron.com/2010/12/a-prediction-for-2011/#comment-2941 If part A of your prediction proves true, then part B will certainly come to fruition. If part A of your prediction proves true, then part B will certainly come to fruition.

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