European Tribune - Comments - Anglo Disease (2)

Anglo Disease (2) - Martin Wolf's take | 30 comments (30 topical, 0 editorial, 0 hidden)

What I find incomprehensible is that after a first-rate dissection of the problem, Faber goes on to advocate buying $ US liabilities..................

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Jun 20th, 2007 at 10:46:10 AM EST
[ Parent ]

Don't forget (none / 0)

that he makes money out of relative values, not absolute ones...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jun 20th, 2007 at 05:19:43 PM EST
[ Parent ]

Re: Don't forget (none / 0)

That I know, but if dollars keep on being created ad infinitum, how can they fail to depreciate relative to assets, commodities, and particularly, energy?

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Jun 20th, 2007 at 07:29:23 PM EST
[ Parent ]

Anglo Disease (2) - Martin Wolf's take | 30 comments (30 topical, 0 editorial, 0 hidden)

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