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In a word, no.

My claim is that the €-Mark is experiencing a currency crisis due to the BuBa being unwilling to pay to defend its currency policy. Your claim is that the €-Mark is experiencing no such crisis.

To disprove my claim, you have to demonstrate that debt is the dominant causative factor in every case (formally speaking - informally, you only have to demonstrate that it is so in the overwhelming majority of cases). To disprove your claim, I only have to demonstrate that current accounts are the dominant factor in a single case (again, if we stand on formalism - for practical purposes, I have to demonstrate that the test case is of at least moderate significance).

The former is a significantly more daunting proposition than the latter.

Or, to put it in slightly less formal terms, I am claiming that a suspect murdered his wife. You are claiming that the suspect did not murder anybody, and as proof of this you note that he did not murder his neighbour, who is known to have committed suicide.

I hope you can see why this is not a viable defense strategy.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 03:37:03 PM EST
[ Parent ]
Well, no. I don't . You have put a hypothesis and now you are not able to defend it. I have pointed out that CA deficits don't matter in some cases and all you have as an answer is to decree abritary rules.
by IM on Wed Sep 7th, 2011 at 06:39:59 PM EST
[ Parent ]
sigh

You are not even looking at my hypothesis, which is that this is a currency crisis, not a debt crisis. You are playing silly gotcha games based on nothing but your total ignorance of elementary econometrics.

I did dare to assume that since you were arguing a point on economics, you possessed at least rudimentary schooling in, y'know, actual economics. But this is not in evidence anywhere in your argument - you argue more like a lawyer or a theologian than a scientist (or even an economist).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 8th, 2011 at 02:48:01 AM EST
[ Parent ]
Appeal to authority? I really try to argue with you, but all  I get back is insults and shouts" Look I am an economist."

Pounding on the table.

by IM on Thu Sep 8th, 2011 at 04:08:34 AM EST
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