Henry, Your article on article on Germany 1933-2004 was very interesting, in particular the section on German economic policy after 1933. (The policies and...
Yesterday I recorded a commentary on the pension problem for the CBC. I'm told it's their lead item on cbc.ca/commentary and they include a voice transcription...
Hudsonmi@...
Jun 2, 2005 12:28 pm
10436
The New York Times (front page, as well as right-winger David Brooks' op-ed) make the amazing claim that the NO vote by the Dutch and French are a rejection of...
Hudsonmi@...
Jun 2, 2005 3:09 pm
10437
I should have simply copied what I said (forget my voice). Michael Hudson cbc.ca/commentary 2/6/05 <A...
Hudsonmi@...
Jun 2, 2005 5:47 pm
10438
The emphatic Dutch "No" may have raised the French "No" to the status of a gathering "people's revolt." The fascinating prospect now is that it might...
New release: http://michael-hudson.com/articles/financial/0504SocialSecurityWallStreet.html THE $4.7 TRILLION PYRAMID. Why Social Security won't be enough to...
A brilliant piece, timely and convincing. In addition, of course, its essence applies to pension/superannuation schemes in countries other than the United...
MessageJohn, You are quite right. "The people" are rarely able to identify what is wrong or come up with a workable alternative. Most of the time, they just...
050606 Gardiner to Daastoel Dear Arno, Although I prepared a PDF version of Towards True Monetarism for the web site I regret I cannot send it yet. Randy and...
Geoffrey Gardiner
geoffrey.gardiner@...
Jun 6, 2005 11:35 am
10444
Michael, I have been reading an article in "Current World Archaeology" about research at the mines at Laurion. One interesting fact is that the quality of the...
Geoffrey Gardiner
geoffrey.gardiner@...
Jun 6, 2005 11:43 am
10445
Michael, the idea that directors should not be the ones to decide the investm,ent of retained profits was a them of the journalist Harold Wincott, yonks ago....
Geoffrey Gardiner
geoffrey.gardiner@...
Jun 6, 2005 11:55 am
10446
Geoffrey: The idea of banks as intermediaries between debtors and creditors is of the essence in the Circular-Flow-View of Entrepreneurial Production. See my...
Addendum: Adam Smith's concept of Money as "the great wheel of circulation" is predicated on a Circular-flow-view of the Production Process alias Say's Law. As...
Dear Gunnar, If I understand you right, your complaint is (rightly) gainst credit created for NON-production use. Surely you know that NO bank credit in...
Hudsonmi@...
Jun 6, 2005 3:49 pm
10449
Dear Michael. Adam Smith´s concept of money as "the great wheel of circulation" did NOT mirror the facts of the matter in late 18th centuy Britain. The same...
In a message dated 6/6/05 12:42:43 PM Eastern Daylight Time, ... Dear Gunnar, OK, it SOUNDS as if we're in agreement. The problem is that economic REALITY has...
Hudsonmi@...
Jun 6, 2005 7:57 pm
10451
Superb. Sounds great! - and they should do something about it! Good luck! Arno ... From: Geoffrey Gardiner To: Gang8 Sent: Monday, June 06, 2005 1:34 PM ...
Geoffrey, You know my view of TTM. Ever since I first read it, I have believed it to be one of the major contributions to the understanding of monetary...
Re dollar hegemony, today's New York Times article (June 7, 05), "Senator Clinton Assails G.O.P. at Fund-Raiser," concludes with a sentence showing how ...
Hudsonmi@...
Jun 7, 2005 4:51 pm
10454
There's no country that's quite "like China" in the sense that it's as big as; but the China "phenomenon" started long ago with the Asian Tigers and the most...
Dear Gang, I'm not sure whether the world is trying to catch up with me - though they're not anywhere near a meaningful set of proposals yet - or whether the...
Oops forgot to send this one.. Looks good. Could you please elaborate a little on : 1. 'energy-based commodity would be "frozen" or "benchmarked" against the...
Geoffrey, I know you have read the books by Richard Werner I would like to ask you: What is the main diffrence bewtween them? Thank you in advance! Arno...
Arno, You are ahead of me. I am still reading. I suppose the second is more academic; the first is a "who dun it?" Geoff ... From: Arno Mong Daastoel To:...
Geoffrey Gardiner
geoffrey.gardiner@...
Jun 15, 2005 7:17 am
10459
John Howard's Bottom Line On 13 January 2005, "in welcoming the latest job figures as further proof of economic vitality", the Australian Prime Minister said...
" Michael wrote: "First of all, history does not show that government or public-sector money is inherently profligate, certainly not in antiquity and not even...
Chris, Are you standing for leadership of the Tories? Or spokesman for the OECD who recommended a few days ago that the way to solve the huge unemployment...
Dear Chris, Your examples are of course right. I should have thought (1) to limit my comments to governments with reasonable checks and balances (not present...
Hudsonmi@...
Jun 20, 2005 2:50 pm
10463
Dear Geoffrey, Every half a year I clean out my accumulation of interesting articles I've cut out. I found one on the Celts and Ancient Europe from the New...