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Could somebody please explain why there has to be a ZLB? Or does it then become a grant ;-)

You can't be me, I'm taken
by Sven Triloqvist on Tue Jan 22nd, 2008 at 11:42:32 AM EST
[ Parent ]
Well, if interest rates were negative, I could borrow a huge amount, convert it to cash (I mean actual banknotes), and repay the loan with SOME of those banknotes when it is due.

And start again.

Not very helpful for the economy.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue Jan 22nd, 2008 at 11:59:05 AM EST
[ Parent ]
So how did the pyramids get built?

You can't be me, I'm taken
by Sven Triloqvist on Tue Jan 22nd, 2008 at 12:08:26 PM EST
[ Parent ]
Questions of a Reading Worker

Who built Thebes of the Seven Gates?
In the books are the names of kings.
Did the kings carry the slabs of rock?
And Babylon so many times destroyed -
Who rebuilt it so many times? In gold-shining Lima
Where did the construction workers live?
Where did the masons go the evening the Great Wall of China
Was finished?
Great Rome
Is full of triumphal arches. Who built them? Over whom
Did the Caesars triumph? Did the oft-sung Byzantium only have
Palaces for its inhabitants? Even in fabulous Atlantis
When the sea swallowed it the drowning masters
Shouted for their slaves.

Young Alexander conquered India.
He alone?
Caesar defeated the Gauls.
Didn't he at least have a cook with him?
Philip of Spain wept when his fleet went under.
Didn't anyone else weep.
Frederick the Second won in the Seven Years' War. Who
Else won?

On every page a victory.
Who cooked the victory feast?
Every ten years a Great Man.
Who paid the price?
So many reports.
So many questions.

-Bertolt Brecht

"Schiller sprach zu Goethe, Steck in dem Arsch die Flöte! Goethe sagte zu Schiller, Mein Arsch ist kein Triller!"

by Jeffersonian Democrat (rzg6f@virginia.edu) on Tue Jan 22nd, 2008 at 02:21:16 PM EST
[ Parent ]
Exactly. What is government for? Liberty, equality, fraternity. The values of cooperation, not competition. The values of working together, not against each other.

I'd add resistance as a basic value. Resistence to crap. The capitalist demand for growth is based on expanding the amount of crap on Earth. Creating it and selling it. It has to stop.

You can't be me, I'm taken

by Sven Triloqvist on Tue Jan 22nd, 2008 at 02:53:03 PM EST
[ Parent ]
Yes damn all those people in the third world who want all this 'crap' capitalism produces, but hey I guess you can plan the economy so much better, I mean look at history central planning is a breeze! Capitalism doesn't demand growth, growth is the by product of Capitalism.  
by acrowe on Tue Jan 22nd, 2008 at 05:13:22 PM EST
[ Parent ]
I have no interest in promoting central planning, nor capitalism. I have something entirely different in mind.

You can't be me, I'm taken
by Sven Triloqvist on Tue Jan 22nd, 2008 at 05:19:12 PM EST
[ Parent ]
if not controlled. But in fact capitalism does demand growth. Without growth, the capitalists can't hide the fact that they're ripping everybody off - including, and especially, the third world.

As far as damning them - hmmm. What an odd choice of words. I don't think that anyone here is doing that.

paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Tue Jan 22nd, 2008 at 06:18:48 PM EST
[ Parent ]
And of course there is nothing wrong with growth as such - it just has to be sustainable.

A little tagline I often use about Finland is a quote from a Nokia exec, a few years ago - 'All we have in Finland is trees and brains'.

He's right, and both can be grown sustainably. Brains are the best resource we have - that the planet has. That is why education should be a priority investment, and teaching at all levels should be one of the most respected occupations in any society. But it is not.

Maybe that is one good explanation for why I like ET so much - we are teaching ourselves.

You can't be me, I'm taken

by Sven Triloqvist on Wed Jan 23rd, 2008 at 11:06:29 AM EST
[ Parent ]

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