European Tribune - Comments - Mercantilism Rules, OK?

Mercantilism Rules, OK? | 64 comments (64 topical, 0 editorial, 0 hidden)

Current account balance plus government budget deficit equals private sector surplus.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Thu Mar 18th, 2010 at 11:57:25 AM EST
[ Parent ]

Re: yeah, but... (none / 0)

sorry, which way does the whole cause and effect go (if you're already simplifying very complex processes)?

by crankykarsten (cranky (where?) gmx dot organisation) on Thu Mar 18th, 2010 at 12:00:41 PM EST
[ Parent ]

Re: yeah, but... (none / 1)

if you're already simplifying very complex processes

I'm just considering macroeconomic aggregates. You're the one who turned the macroeconomic aggregates into a presumably easier to understand metaphor about German grannies lending Californias the money to buy BMWs.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Thu Mar 18th, 2010 at 12:07:11 PM EST
[ Parent ]

Re: yeah, but... (none / 0)

ok, sorry, you win :-) Still, I think the cause and effect (ie the process) needs to be looked at, not just the static end-product...

by crankykarsten (cranky (where?) gmx dot organisation) on Thu Mar 18th, 2010 at 12:15:02 PM EST
[ Parent ]

Re: yeah, but... (4.00 / 2)

crankykarsten

which way does the whole cause and effect go

See this and thisthis comment on ET and/or thisthis and thisthis linked articles by Robert Parenteau and Yves Smith.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 18th, 2010 at 02:15:45 PM EST
[ Parent ]

Mercantilism Rules, OK? | 64 comments (64 topical, 0 editorial, 0 hidden)

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