Michael, Happy New Year! ;-) (I have been away 10 days on my birth town ( www.visitkragero.no ) struggling through the annual celebrations of Jol and New Year....
Right. First, the Acres interview should simply be called ³Debtor Nation ‹ and other topics.² My intro text is: This interview with Acres USA, a major US...
Geoffrey, I forgot to send this one last year: .... I recently had a talk with a relative, who just now became Mayor for the Conservatives in the island...
Arno, I have been thinking about this since I received your message. It is a big task. Not sure I deal with it. Geoff ... From: Arno Mong Daastoel To:...
The interview was a virtuoso performance. I have forwarded to some influential persons including an MP. Geoff ... From: Michael Hudson To: GANG8 Sent: Tuesday,...
Arno, I cannot think of an exact precedent, but it is in accord with the spirit of Thatcherism, and on the other hand with old Liberal ideas of worker...
The outline is ambitious, but a press release should be simpler and doable. But I do not think I can contribute much myself since I have no specific knowledge...
With regard to some recent questions from Dirk, I insert my comments in the following nonsense from Stephen Roach of Morgan Stanley Asia. This is deliberately...
My idea was to deal with the principles. That would keep the task and the volume down. As I duely noticved in the Norwegian case, the principles are easy but...
I think you DO need the political implications. A chance to bring in F. List. Michael ... Re: [gang8] sovereign wealth funds - press release outline I think...
Investment bankers have behaved like pyromaniac firemen Published: January 8 2008 02:00 | Last updated: January 8 2008 02:00 From Prof Eric De Keuleneer. Sir,...
Dear Geoffrey et al., Here's what Mr. Cook has written on Say's Law today on Michael Chossodovsky's web site. Any comments? Can the point be made better -- in...
Dear Michael, Just got back from twelve days in Iceland - checking my inbox. Keynes wrote in the General Theory to the effect that the classical writers had a...
Thanks for sharing, Michael. I agree up to the point where Douglas gets mentioned. Am I right in assuming that this concerns the central tenet of Creditary...
Yes, Dirk. That’s my point exactly. How to say it in more popular terms that non-economists can best understand? I’m forwarding your comment to the...
Michael, There were two typos in my little expose. If you are forwarding, here is the corrected version. I think it is possible to write this up in one clear...
Brilliant and concise, Dirk. Thanks. Michael ... Re: [gang8] More re Say's law Brilliant and concise, Dirk. Thanks. Michael On 1/11/08 8:53 AM, "Dirk Bezemer"...
Dear Dirk, The proposition “that revenues can, BUT NEED NOT lead to jobs, not money creation to economic expansion” is an integral part of the Say’s Law ...
Dear Michael, Re. the following: we find a central dogma in classical economics which persists today, even though British economist John Maynard Keynes,...
The nub of the problem of administering a sovereign fund is the extent one lobbies in foreign countries on political decisions which affect the performance of...
Good comments. I am more sanguine about the effects of the recent dollar devaluation. For instance, Chevrolet cars are being heavily promoted in Britain at the...
Dear Gunnar, It is all very well that Haberler and Schumpeter did not include profit in income in their theoretical schemes, but this does not contradict the ...
Dear Dirk. The singular difference between Factor Income and Entrepreneurial Profit resides in their "source", as Schumpeter put it in Preface to the English ...
Gunnar, All agreed, as analytical scheme. In practice of course one cannot measure how large profit and income, so defined, are. In other words, this is...
Dirk, The analytical distinction between Factor Income and Entrepreneurial Profit - or Interest on Money Capital - is not recognized by either Mainstream or ...
Sure. So after all it IS the case that "informed (sic) people believe … that all business earnings deriving from the sale of goods and services can be...
Dirk, As it happens, I exchanged views on the subject matter with both Samuelson and Friedman some 25-30 years ago. Samuelson did not contest my suggestion...
This is the headline I'd like to see. The Fed has let it be known that it may lower the discount rate by an amazingly high 50 basis points. The dollar...
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