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A critique of the ECB's liquidity policies | 66 comments (66 topical, editorial, 0 hidden)
Re: Not at all. (none / 0)
kcurie:
Well I did get some things.. but some ideas...

While I was reading the article I felt like I was starting to understand something. But I have to go back to the article to get that feeling back.  :-)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 24th, 2011 at 01:43:28 PM EST
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Re: Not at all. (none / 0)
Then the article is a keeper!

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Carrie (migeru at eurotrib dot com) on Thu Feb 24th, 2011 at 02:20:27 PM EST
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Re: Not at all. (none / 0)
Definitely, but I think you might consider posting your original. I suspect that Muchau's "turbidity reduction" efforts might have also deleted some content.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 24th, 2011 at 07:44:26 PM EST
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Re: Not at all. (none / 0)
It doesn't seem so. He removed links to sources we have discussed in this comment thread, a jab at traders' attention spans, a quote from a clueful analyst, and broke some longwinded periods into bite-sized sentences. Some of the more conversational turns of phrase also disappeared.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Feb 25th, 2011 at 02:12:25 AM EST
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Re: Not at all. (none / 0)
I really do not get most of the letter.. I get humor much mroe better

http://avionesdecercanias.blogspot.com/2011/02/se-hacen-mayores-y-famosos.html

But I do get taht steilization is nonsense.

Buying public debt at fix amrket prices does not geenrate inflation, it makes the EC work as market-maker of last resort... tat's wat the ECB should be doing , at least to avoid anotehr financial catastrophe... not that this is good enough, but at least hey should do it.

Of course, ECB should be pushing for eurobonds, transfer payments , inflation in Germany and/or quantitaive easing and/or printing money to elimiante some private debt.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Fri Feb 25th, 2011 at 06:26:33 AM EST
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A critique of the ECB's liquidity policies | 66 comments (66 topical, 0 editorial, 0 hidden)
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