Excellent - thanks much for sharing. THis will help in the revising. A propos, Gunnar, Steve Keen responded to this paper, mostly positive but he disagreed...
Yes, Michael, sadly you are right. Geoffrey ... From: Michael Hudson To: GANG8 Sent: Friday, June 12, 2009 5:21 PM Subject: Re: [gang8] Interesting conference...
Here are the articles. (They have been uploaded to your site.) Congrats Michael!!!! ;-) Arno ... From: Michael Hudson Sent: Sunday, June 14, 2009 11:14 PM ...
Great read. Of course Mr Medvedev concluding his St Petersburg speech: "What we need are financial institutions of a completely new type, where particular ...
Gunnar, Here is another expression of the need for fresh credit creation for growth: (noted in Steve Keen's paper) If income is to grow, the financial markets,...
Dirk, re. the following: If income is to grow, the financial markets, where the various plans to save and invest are reconciled, must generate an aggregate...
Dear Gang, This morning I sent off a comment to Gang8 on the "financial system" being the "servant" of Entrepreneurs/Decision-makers in the Production Sector -...
Bob, Yes, precisely, I was amazed that FT took Michael in, and even asked him to do op-eds. ;-) Also in Norway, non-economists are demanding change in economic...
Hi Steve, (This is cc to the gang8 discussion list - have a look on credec.org.) OK, so I note there is a lot of similarity between us, before we move to any...
correction: I wrote "We agree on the need for rising debt and therefore continuous credit creation in a functioning capitalist economy - otherwise there would...
The British media have ignored the Yekaterinburg meeting. Not very enlightened of them. Geoff ... From: Dirk Bezemer To: gang8@yahoogroups.com Cc: Ursula...
The Chinese quickly called and are bringing Cornelia and me over this fall to discuss where to go from here. They¡¯ve asked me to put my articles on the new...
Michael, So the John Hancock Tower in Boston has been sold by the mortgagees for less than half what was paid for it not so long ago. That should send shivers...
Dear Geoffrey, Actually, it¹s our beloved Federal Reserve that will have to hibernate. The Fed¹s flow-of-founds accounts value buildings at the Original...
http://www.counterpunch.org/hudson06222009.html June 22, 2009 How the Financial Reform Plan Protects the Status Quo Obama's (Latest) Surrender to Wall Street ...
Dear All, I recently shared with you a paper on why “No One Saw This Coming” - Understanding Financial Crisis Through Accounting Models. A relevant short...
Dear Arno, For my WEBSITE, I want MY version. Counterpunch edited it to shorten it by 500 words or so. I don¹t mind referring people to it if they PREFER to...
Below is an exchange between two Georgist nuts, Mason Gaffney and Ed Dodson (formerly of FNMA), and my answers. Often a compendium of error is the best way to...
Michael, We are agreed on this one except whether a clean slate is practicable. I talked yesterday to a group of pensioners, and pointed out that if they spent...
Dear Geoffrey, No difference re practicality, Geoffrey. I always defer to you here. My point is simpler: ³A debt that can¹t be paid, won¹t be.² My...
Dear Geoffrey, Thanks or your reflections. Re: the important point about writing off debts - and thereby savings -should we not make a distinction between...
John Schwartz, ³Justices Rule That States Can Press Bank Cases,² The New York Times, June 30, 2009. The Supreme Court paved the way on Monday for states to...
Dear Gang, Bill Ryan writes: This means that, especially in a growing economy, in terms of cash flow, as a general matter, firms are always in negative cash...
Richard has written a great article on how to reform central bank policy. If we DO have a meeting and publication, I think this is the kind of proposal we want...
Richard. Congratulations on this brilliant eye-opening piece on the real culprits in the world's financial mess. How could all this have escaped the world...
Friends please do recirculate and forward this message to your email contacts! A July 4th message to friends of the American Monetary Institute, Dear Fellow...
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