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Presumably based on purchasing power parity (or would we need a single world currency, "Global Credits", or some such).
by lemonwilmot (lemonwilmot at gmail.com) on Tue Nov 20th, 2007 at 10:01:42 AM EST
[ Parent ]
Something like that: we didn't do more than speculate wildly for a few minutes.
by Colman (colman at eurotrib.com) on Tue Nov 20th, 2007 at 10:03:00 AM EST
[ Parent ]
You keep giving away my diary ideas... Is this part of your evil plan to get me to write the diaries I keep threatening to write?

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Tue Nov 20th, 2007 at 10:04:32 AM EST
[ Parent ]
Think of these as teasers.

<TV announcer voice>
"Coming soon on Migeru Diaries: Global Redistribution. Don't miss it!"
</TV announcer voice>

by Colman (colman at eurotrib.com) on Tue Nov 20th, 2007 at 10:14:53 AM EST
[ Parent ]
Evil, or wicked? I suppose it doesn't matter.

Words and ideas I offer here may be used freely and without attribution.
by technopolitical on Wed Nov 21st, 2007 at 12:56:40 PM EST
[ Parent ]
Hmm, I never said "global".

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Tue Nov 20th, 2007 at 10:03:07 AM EST
[ Parent ]
Your idea of massive global redistribution and a "Global credit unit" is essentially what Keynes' blueprint for an International Clearing Union and the "Bancor" was all about. Unfortunately, the US wouldn't have any of that at Bretton Woods.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Tue Nov 20th, 2007 at 10:06:07 AM EST
[ Parent ]
I believe PPP is an even worse nonsense than real GDP. See the comments to Minor Errors.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Tue Nov 20th, 2007 at 10:29:18 AM EST
[ Parent ]

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