Arno, I attach a pdf of my comments on the Norges Bank paper. (Apologies to the others who dislike receiving pdfs.) I needed to do a pdf because there are...
GEOFFREY GARDINER
geoffrey.gardiner@...
Jun 1, 2007 1:49 pm
11673
Geoffrey, Thank you very much!! I will use the pdf when approaching the MPs, but for future archiving on this list, I transferred the pdf to Word and then to...
Geoffrey, I have read you thorough comment to the report, and apart from some "troublesome" technical matters, I think I got the general points which I see as...
? Arno, Yes, that is right, but I must emphasise that the calculation of the risk premium is roughly valid only because I am assuming that some of the errors...
GEOFFREY GARDINER
geoffrey.gardiner@...
Jun 4, 2007 1:00 pm
11676
Gunnar, I think Innes' point is that gold coin is token money just like paper, and, as Smith remarked, the holder of gold coin is a creditor of society so it...
GEOFFREY GARDINER
geoffrey.gardiner@...
Jun 4, 2007 1:22 pm
11677
Dirk, High interest rates are no problem if your other costs are internationally low because your currency is undervalued. In the first two decades after WWII...
GEOFFREY GARDINER
geoffrey.gardiner@...
Jun 4, 2007 2:16 pm
11678
Sensible words from a man who has learnt from his fatal advice to Russia 15 years ago. Arno "Whenever the Bank's extreme free-market ideology failed, it has...
. So long as the holder of a gold coin intends to "spend" it - in other words hand on this creditor's token of debt to someone else who will, in turn, also ...
Arno, I have seen your message below only on my return to Vienna. I'm not sure whether you have not grasped what I am saying or I have not adequately...
Chris, you¹re way off the mark again, revamping the Austrian theory of Carl Menger. Mine ownes and ³merchants² had nothing to do with it. The British ...
Chris, As always, you make good points and you make them splendidly. On your points about containerisation, you might be interested in the extract below from...
. There's no abstract "theory" about my work, Michael, despite your periodic outbursts trying to suggest otherwise. My work is simply empirical; I am most ...
Ah, Chris, now I see your problem. You¹re defining ³money² as ³coinage.² What you leave out of account ‹ missing two thousand years of empirical reality...
Re: [gang8] Creditary principlesPerhaps this might help flesh out the background of what lurks 'out there' regarding precious metals and their orign in...
Dear Hugh, Using the principle of Occam¹s Razor so favored by the economics profession these days, Sitchen¹s theory of course appears the most scientific,...
Arno, The real significance of this article by Sachs is that the rich, highly developed countries themselves should take this advice on public investment,...
Gentleman, I am following this discussion with fascination, not so much because it is my key area of interest or expertise but for the florid language and ...
. Michael: Maybe we are getting to the bottom of our profound disagreement, even if your customary rudeness continues unabated. Yes, you are quite right, I...
Well, Chris, no point in arguing further. I disagree with your view of history and of money, as do my UMKC colleagues ‹ and Cornelia too. I don¹t know where...
Dr. Nouriel Roubini: A Subprime Economy Nouriel Roubini [0:22:43]: Thanks. Like Desmond I'd like to actually discuss how the fallout of the subprime meltdown...
070608 Gardiner Chris, What about cowrie shells? The first Chinese 'coins' were metallic imitations of cowrie shells, or miniature hoes and shovels. Palstaves...
GEOFFREY GARDINER
geoffrey.gardiner@...
Jun 8, 2007 10:07 am
11693
Here is a good example of the damage IMF imposed austerity & open marketism is doing. Worth the read, all three of the one-pagers. Dirk Using ODA to Accumulate...
. In reply, Friday 8 May 2007 Dear Geoff: 1. It is Hudson who seems to be so excited about ancient bullion - not me. Back in 1996 I did indeed say that its...
Who on earth is Warren Mosler? And what ³funding² does he give? By the way, can I get some? What does any of this have to do with the discussion? Does he run...
This might be no more than a routine fluctuarion. We need more data over a longer period to identify a rend. If central banks were to adopt an aggressive...
I forgot to pass this on. It can now also be found here: http://www.atimes.com/atimes/China_Business/IE25Cb04.html Arno ... From: William Engdahl To: "Eckart...
. From Chris Meakin Monday 11 June 2007 Dear Gang: This copied email just received, see below, seeming to offer some kind of EU grant, is an entirely new one...
Second attempt. Here is the full received text, I hope European Union (EU) Humanitarian Grant Special EU Programmes Body European Union House, Castle Meadow...
Chris, For what my opinion is worth, I'd say it is the most obvious scam. It doesn't even show much originality - except for using the EU. I haven't seen that...
Bill, allow me to comment, 1) The US debt is not extraordinary, since percentagewise it is far below that of other developed nations. Furthermore I doubt the...