tag:blogger.com,1999:blog-2830084253401570472.post8627615402949580220..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Easton vs Krugman on Earthquake FinanceEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2830084253401570472.post-86512151438376281732012-03-02T11:38:00.549+13:002012-03-02T11:38:00.549+13:00I didn't say it's a bad idea to build up f...I didn't say it's a bad idea to build up funds in advance of expected future costs; I said it's a bad idea to try to meet a big current expense with a current tax hike rather than with debt plus (future tax hike plus future spending cuts plus some current spending cuts). <br /><br />It makes sense to use surpluses to pre-fund the Super; it doesn't make sense to borrow money to put into the Super's investment pool.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-18987438567783223192012-03-02T11:20:56.119+13:002012-03-02T11:20:56.119+13:00if you don't agree with building up a public f...if you don't agree with building up a public fund in advance specifically to manage a potential future cost, what do you think about building up a fund in advance to manage a certain future cost? namely, the New Zealand Superannuation Fund?Haricotnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-51221205245366045312012-03-02T11:15:50.393+13:002012-03-02T11:15:50.393+13:00I redact to correct typos (like the one pointed ou...I redact to correct typos (like the one pointed out above) but not to use memory holes. If it was petty when I posted it, then redacting it makes me petty and shifty. So it has to stay, for better or worse.<br /><br />I agree that he met the criteria set out by NZIER.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-44477303673851564542012-03-02T10:11:35.097+13:002012-03-02T10:11:35.097+13:00This is a great blog in general and I like this po...This is a great blog in general and I like this post ... until the last 2 lines. The main post is an intelligent discussion of an important issue. The final bit is mean spirited and doesn't help your own credibility. If you read the citation you have linked to, it says Brian has been "a participant in public economic debates, bringing unusually broad perspectives to issues of lasting importance, for over 30 years". Obviously someone who does that is going to sometimes raise ideas some other economists/policymakers disagree with. Thats healthy. Incidentally, you are doing a similar valuable function in a new medium and maybe you'll win that award some day... but could you think about redacting those last 2 lines?cdo-cubednoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-79099443047011257612012-03-02T08:59:32.308+13:002012-03-02T08:59:32.308+13:00Didn't I say that? .. ah crud.Didn't I say that? .. ah crud.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-53025411649543343222012-03-02T08:17:04.312+13:002012-03-02T08:17:04.312+13:00Eric, don't you mean "... would give RBNZ...Eric, don't you mean "... would give RBNZ cause to tighten MONETARY policy" in the 3rd to last paragraphboutagynoreply@blogger.com