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While a reasonable argument, Bernanke debunked it by citing the case of European PIIGS, where a loss of confidence led to spiking yields.
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For this to be a reasonable argument, however, the harm from soda has to be qualitatively and quantitatively similar to the harm from cigarettes.
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You could make a reasonable argument for why these companies are better investments using fundamental metrics, like price to earnings or price to book value.
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This is a reasonable argument based on irrefutable laws of supply and demand, but other factors exist that affect the supply of currency in the economy.
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Also, there is a reasonable argument that in the boom years, the economy was too dependent on consumer spending, which in turn was generated in part by an over-heated housing market.
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Journalist and technologist Tristan Louis has a reasonable argument here for why Apple should buy Nokia, now that the former has driven the latter to the brink of dissolution.
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On Monday, the judge rejected Twitter's argument that its users have a reasonable expectation of privacy under the Fourth Amendment, much as people who write emails do.
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This is a double loser: a black eye for the brand, and a difficult argument to make in court with a straight face (although such arguments often come across as surprisingly reasonable when they are made in the right legal context).
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Rather than rejecting the recharacterization argument out of hand, the Tax Court turned it into a reasonable compensation case and decided that they had not established that the consulting fees represented reasonable compensation.
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