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It would be better if the use of such terms were without debate not accepted.

The fact that Migeru is objectively correct on the substance and has been making accurate predictions on this matter since 2008 makes most people here willing to tolerate antics that would not be tolerated from less valuable contributors.

Because being objectively, empirically correct actually matters around here.

>The "real ECB and the real euro" are simply your version of them. Others have a right to have a different version.<

But there is an objective reality.

Which is that the ECB is handling this entire crisis in precisely the same way the BuBa handled the 1993 crisis.

The law is a statement of intent, not an objective reality. The European Council can propose a treaty change that repeals the law of gravity, it can pass referenda in every single member state and be adopted with the force of national constitution everywhere on the subcontinent...

... but rocks still fall down when you drop them, and the BuBa still has an influence that is out of all proportion to the value of its contributions.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 8th, 2011 at 07:26:50 AM EST
[ Parent ]
"makes most people here willing to tolerate antics that would not be tolerated from less valuable contributors."

Quod licet jovi, non licet bovi? Perhaps I am just to egalitarian for such maxims.

"Which is that the ECB is handling this entire crisis in precisely the same way the BuBa handled the 1993 crisis."

The ECB is doing what it is doing because its member countries did pack it full of right wing ideologues.
A fact you tend to ignore.

 "The law is a statement of intent, not an objective reality.""

No, most laws, especially the laws that create institutions do create an objective reality.

 "The European Council can propose a treaty change that repeals the law of gravity, it can pass referenda in every single member state and be adopted with the force of national constitution everywhere on the subcontinent...

 ... but rocks still fall down when you drop them, and the BuBa still has an influence that is out of all proportion to the value of its contributions."

You really are the last believer - and it seems to be theology with you - in the myth of the bundesbank. The supposed influence of the Bundesbank is a natural law now? Oh, you are not a orthodox believer, but a heretic: The Bundesbank is in your mythology not an angelic, but rather a satanic power. But in the kingdom, the power and the glory of the Bundesbank you still believe. EWven the people at the Bundesbank temselves are probably not that fervent believers.

A question: If the Bundesbank is all powerful, why did Weber resign? He was frustrated not getting his way at the ECB after all and did give the chance to lead the ECB away. Is he clinically insane? Or did he indeed did not get his way time after time at the ECB, leading to frustration?

by IM on Thu Sep 8th, 2011 at 08:00:41 AM EST
[ Parent ]
"makes most people here willing to tolerate antics that would not be tolerated from less valuable contributors."

Quod licet jovi, non licet bovi?

shrug

There's a single rule for everybody: Thou shalt improve the signal to noise ratio of the site. Posting puerile Nazi comparisons alongside insightful deconstructions of prevailing policy is a net improvement in signal to noise ratio compared to posting nothing. Posting puerile Nazi comparisons with no offsetting contribution of positive value is a net loss of signal to noise ratio compared to posting nothing.

Posting insightful deconstructions of prevailing policy without puerile Nazi comparisons improves the signal to noise ratio compared to posting them with puerile Nazi comparisons. But people are not paid to contribute, so if they insist on reducing the value of what they freely give by shitting on it, then we have very little sanction that can be gainfully applied as long as the final contribution remains net positive value.

The ECB is doing what it is doing because its member countries did pack it full of right wing ideologues.
A fact you tend to ignore.

Because clearly the European right wing is a monolithic hive mind that has no internal class and national conflicts?

Now who's talking conspiracy theories here?

If the Spanish plutocrats have as much influence on ECB policy as the German plutocrats, then why does all the money end up in Frankfurt?

No, most laws, especially the laws that create institutions do create an objective reality.

That does not mean that the objective reality they create can be divined from the text of the law.

A question: If the Bundesbank is all powerful, why did Weber resign?

His arrogance and mental instability made him many enemies. When he went and contradicted something Merkel had said publicly, "many" turned into "too many."

He was frustrated not getting his way at the ECB after all and did give the chance to lead the ECB away. Is he clinically insane? Or did he indeed did not get his way time after time at the ECB, leading to frustration?

Is a homeopath who truly believes in his nostrums clinically insane? Does it matter?

Weber was accommodated far beyond any reasonable limit. But when you insist on attempting to repeal the rules of arithmetic and throw an infantile tantrum every time someone points out that this might be a bad idea, then eventually enough people get tired of you that you are purged. This is less proof of Weber's lack of influence than of his inability to function outside his Hayekian echo chamber.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 8th, 2011 at 08:30:55 AM EST
[ Parent ]

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by dvx - Jul 23
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