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Congratulations. The Caliornia Cohort of Petty Landlords calls this US policy "position" expert, "roast beef," signified by the (graphic) "icon" of a joint of meat (hind pork or cattle; meme, expression picker; emoji) served to WH dinner guests [INSERT FOREIGN HEAD OR STATE]

o. look.
"What this means, I believe, is that a country with its own currency would not be subject to the kind of self-fulfilling panic that is now arguably hitting Italy."
and
"I'm not going to answer this; truly, I don't know. But it's important."
"To some extent we may be looking at reverse causation, with troubled economies forced into harsh austerity while those doing well can keep expanding spending.
because

Slide No.10. r u fucking kidding?


Diversity is the key to economic and political evolution.

by Cat on Sat Oct 26th, 2019 at 11:48:12 PM EST
[ Parent ]


Diversity is the key to economic and political evolution.
by Cat on Sat Oct 26th, 2019 at 11:50:41 PM EST
[ Parent ]
It is axiomatic that hard times makes for conservative politics. The antidote to hard times is government deficit spending. MMT shows why this deficit spending is desirable and necessary. In fact, in conjunction with Post Keynesian Economics, it shows why the relative austerity we have been experiencing since 2009 is both undesirable and unnecessary. Had we employed appropriate fiscal policy in 2009 we could have returned the economy to the baseline from which it fell. Instead, due to silly inflation panic, we grew slowly from a reduced baseline. The difference over a decade is trillions of dollars of potential GDP lost forever, along with the prosperity that would have brought.

I have never known what to make of the California Cohort, perhaps that is a Mandarin phrase, perhaps it is a play on 'petite bourgeoisie'. If the language reference is to economics, yes, it is a language, and no, I am not an economist, but the language of economics is easier to learn than Mandarin. I have spent the last ten years studying economics, economic history, the history of economics, etc. As Keynes' student Joan Robinson told the assembled American Association of Economists one year in an annual address, the purpose of an education in economics is to prevent being deceived by economists.

Deception is exactly what most US Economists have provided to the US population, and that deception has been used to enforce austerity and to facilitate the looting of the nation by the elite. Which is why I think it is time for that deception to end. With a larger role for government spending, properly done, prosperity can return to the average citizen, and with that prosperity, the kind of confidence we need to tackle the challenges that lie ahead. That prosperity will also reduce the pressure that has led the USA to the brink of a fascist takeover. IMO, an outcome devoutly to be desired. You may differ or scoff as you will.

As to Italy or other members of the Euro-Zone, they do not have the same latitude with fiscal policy as does the USA, or even the UK. This is because those countries are currency users, not currency issuers, and the European Central Bank sets monetary policy for the Euro-zone predominantly in the interest of the strongest economy, Germany. Worse, they enforce rules about the maximum deficit a country can run that can be very harsh indeed on some of the smaller economies. So MMT is not an option for Euro-Zone countries.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 27th, 2019 at 12:51:40 AM EST
[ Parent ]
California Cohort of Petty Landlord, unpublished, latitudinal study of investment decisions (n=18, avg. age. 54 trailing, FRB regions: 4, data: quant* + qual. hurdles, collection: internet, period: 6 years

Blow me.

--
* f(x)/ Q declared securities trades or P&E purch.


Diversity is the key to economic and political evolution.

by Cat on Sun Oct 27th, 2019 at 01:18:11 AM EST
[ Parent ]
?!

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 27th, 2019 at 03:27:35 AM EST
[ Parent ]
"eoconomists" DO NOT make financial decisions, in a domestic "industrial  policy" --jobs saved or created-- by US gov agencies. FREE TRADE doctrine supposedly precludes gov "intervention" in perfect competition.

ergo, Krugman. fucktard beefsteak.

Diversity is the key to economic and political evolution.

by Cat on Sun Oct 27th, 2019 at 01:38:57 AM EST
[ Parent ]
Cat:
"eoconomists" DO NOT make financial decisions, in a domestic "industrial  policy"

Agreed, but they set the terms of discussion under which those decisions are made and promulgate them to all undergraduates who take Economics 101. Sadly.


"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 27th, 2019 at 03:57:11 AM EST
[ Parent ]
Gentiloni: Economy

Are you mental?

Diversity is the key to economic and political evolution.

by Cat on Sun Oct 27th, 2019 at 01:42:13 AM EST
[ Parent ]
I do see that Commisioner Gentiloni has called for looser fiscal restraints in the Euro-Zone. That is at least a statement of intention in the right direction. But he has a hard road ahead making any real progress.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 27th, 2019 at 03:33:09 AM EST
[ Parent ]
KRUGMAN HAS NO FUCKING IDEA (?) WHY  THE EP WOULD CONFIRM Gentiloni: Economy PORTFOLIO --or-- WHY EVERY FUCKING  ASIA GOV REMOVED every FM after '97. That was a goddam god-given miracle.

Diversity is the key to economic and political evolution.
by Cat on Sun Oct 27th, 2019 at 01:58:35 AM EST
[ Parent ]
(O)Economic is ht a "law" of nature nor is this asscoiative principle of "humanitarian aid" comunicative, GIVE profit motive. So just STFU and screw ROW.

Krugman can't help you.

Diversity is the key to economic and political evolution.

by Cat on Sun Oct 27th, 2019 at 02:15:18 AM EST
[ Parent ]
who gives a damn what Krugman publishes in NY Yella Cake, when they are counting nickels and dimes in disposable income to make overhead--mortgage or rent?

PICK A COUNTRY

you freak, who cares?!

Diversity is the key to economic and political evolution.

by Cat on Sun Oct 27th, 2019 at 02:29:10 AM EST
[ Parent ]
You find me ONE comment that YOU (UID verified) have ever posted  at this URL which is a remotely derogatory remark about KRUGMAN an the thre Brads + Baker --OR-- any comment by you affirming grievances of "middle-class" peersons climbing property ladders in the USA,

I WILL FIND YOU,
I WILL KISS YOUR ASS,
LIBERALL, LITELLY
YOU MAY PHOTOGRAGH OR VIDEOGRAPH THIS ACT by my legal name FOR BROADCAST REPROCUCTION WITHOUT FEE.

I don't bluff, yo.

Diversity is the key to economic and political evolution.

by Cat on Sun Oct 27th, 2019 at 03:10:30 AM EST
[ Parent ]
I have to turn your question back at you: "Are you mental?" Sure sounds like it.

Perhaps you failed to notice that I was critical of Krugman, implicitly and explicitly, as was the article from which I quoted.

I do recall responding to you one time recently by commiserating with what I suspected was your disdain at people using acquisition of rental property as a way to personal wealth. While it does and has worked for many, it has negative social  costs.

And I have absolutely no desire to have my ass kissed by yourself or anyone. Not my thing.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 27th, 2019 at 03:25:12 AM EST
[ Parent ]
Cat, your uninformative, vituperative, abusive comments drown this thread. Another example of thread-jacking.

The other day, I asked why someone was troll-rating your comments. Wasn't that cool of me?

Now I think that troll-rating is they way to clean up this mess.

(IANAModerator, just a User like you).

Things are going to slide, slide in all directions
Won't be nothing, nothing you can measure anymore
L. Cohen

by john_evans (john(dot)evans(dot)et(at)gmail(dot)com) on Sun Oct 27th, 2019 at 08:47:16 AM EST
[ Parent ]

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