Jump to content

Recommended Posts

  • Replies 114
  • Created
  • Last Reply

Top Posters In This Topic

Study finds best way to handle chemo sickness: no cancer.
haha
Link to post
Share on other sites
At the invitation of the New York Federal Reserve Bank, I spoke and had lunch in the bank's Liberty Room. Below are my prepared remarks.Thank you very much for inviting me to speak here at the New York Federal Reserve Bank.Intellectual discourse is, of course, extraordinarily valuable in reaching truth. In this sense, I welcome the opportunity to discuss my views on the economy and monetary policy and how they may differ with those of you here at the Fed.That said, I suspect my views are so different from those of you here today that my comments will be a complete failure in convincing you to do what I believe should be done, which is to close down the entire Federal Reserve System
Robert Wenzel of Economic Policy Journal
Link to post
Share on other sites
  • 3 weeks later...

It pretty much means that when the Greeks do actually get round to forming a government they are leaving the euro.

Link to post
Share on other sites

Yep. They'll have another election in June. If that doesn't get them closer to forming a government, I don't know what their contingencies are. But it seems very unlikely they'll stay within the Euro. The effect of that on anyone who isn't Greek is minimal since the debt is already kaput.

Link to post
Share on other sites

Time was when Europe's economy was on the downswing, they used to jumpstart it by hosting a World War. Old school wars don't happen any more, which is a shame. I blame nuclear armaments.

Link to post
Share on other sites
  • 2 weeks later...

The Euro will die or at least not continue in the same form due to a variety of government/private/union mistakes,People will/are flocking to the US$US is making the same government/private/union mistakes.Rinse and repeat?

Link to post
Share on other sites
The Euro will die or at least not continue in the same form due to a variety of government/private/union mistakes,People will/are flocking to the US$US is making the same government/private/union mistakes.Rinse and repeat?
The Euro is dying because you can't have a currency union without a true political and fiscal union. It was flawed from the start and without a drastic reorganization can't be sustained.That isn't a problem that the US faces.
Link to post
Share on other sites
The Euro is dying because you can't have a currency union without a true political and fiscal union. It was flawed from the start and without a drastic reorganization can't be sustained.That isn't a problem that the US faces.
finally something i can agree with...
Link to post
Share on other sites

taleb saying controversial stuff to try to stay relevant/sell books:http://www.bloomberg...s-scariest.htmlI'm watching an interesting documentary on the euro situation from the BCC, "The Great Euro Crash with Robert Peston." it's been good so far but I don't really like the guy. wish I could link it but I personally got it from the pirate bay.

Link to post
Share on other sites
Fantastic article from a former German Foreign Minister and Vice ChancellorThe Threat of German Amnesia
Sorry, I had to stop reading here:
As a result, Europe continues to try to quench the fire with gasoline – German-enforced austerity – with the consequence that, in a mere three years, the eurozone’s financial crisis has become a European existential crisis.
All credibility is removed after a line like that. Europe has not made any attempt at anything near austerity so far -- none. And if they had, the would be out of this by now. So when one of the lead paragraphs shows that much economic illiteracy, my life is too busy to read on.
Link to post
Share on other sites
You are so wrong it's painful and your comment shows exactly what you are accusing the author of.
OK, show me some stats on this alleged "austerity". How many Euro countries have cut their spending in the last three years, and by how much? What is the average change in spending among the Euro countries.Just because Krugman keeps saying "austerity austerity austerity" doesn't mean anyone has actually tried it yet.
Link to post
Share on other sites
Sorry, I had to stop reading here.
It must be sad to be clinging to failed economic doctrines. I can see why it would be so hard for you to face the truth in the face of the overwhelming economic data for the last 100 years.US, Great Depression: massive govt growth, massive depressionUS in the late 60s, early 70s: massive govt growth, stagflation, large recessionUS under W/Obama: massive govt growth, longest recession since 30sEurope: massive govt growth, many countries in trouble, no effort to cut spendingJapan's lost decade: massive Keynesian spending, decade of no growthUS after WWII: massive spending cuts, 15 years of rapid growthUS in 80s: massive tax cuts and deregulation, 15 years of rapid growthSimilar stories in New Zealand, Hong Kong, Chile.....So yeah, I can see why you guys don't want to face facts, you'll be forced to give up on your worship of your God Of Big Government.
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

Announcements


×
×
  • Create New...