The contention that the BRICs are gradually taking over from the West, any of them, fails to convince. Today’s Leader in the London Times states that: ...
16159
Ercouncil@...
econrescouncil
Aug 28, 2011 9:22 pm
. Dear Richard: At least people in the Western democracies (or Chile) are not simply left to rot in their thousands in collapsed coal mines, shot in Tianamen...
16158
Arno Mong Daastoel
arnomd
Aug 28, 2011 5:37 pm
Sorry, I just could not resist this quote from Greely: " Free Trade in effect sets the Laboring Class of different countries to bidding against and...
16157
Arno Mong Daastoel
arnomd
Aug 28, 2011 5:27 pm
Dear Geoff, ... by rote the views of their teachers, and are reluctant to think originally thereafter. I quite agree. This seems to be a trait of most...
16156
Arno Mong Daastoel
arnomd
Aug 28, 2011 5:08 pm
Michael, Here is an "amusing" repetition. While Bush advisor Mankiw hailed out-sourcing in 2004, Horace Greeley condemned such arguments as immoral and ...
16155
Arno Mong Daastoel
arnomd
Aug 28, 2011 12:01 pm
Dear Richard- Hugh, Chris and Geoff, I suppose ANY definition of civilisation as well as PROGRESS - is bound to be subjective. Nevertheless, this discussion is...
16154
Dr. Richard Werner
rawjapan2005
Aug 28, 2011 9:52 am
PS: And there are the sausages of course. _____ From: gang8@yahoogroups.com [mailto:gang8@yahoogroups.com] On Behalf Of Dr. Richard Werner Sent: 28 August 2011...
16153
Dr. Richard Werner
rawjapan2005
Aug 28, 2011 9:49 am
Here in Bavaria, where I am writing this from, they would add to their definition bread and beer no doubt! _____ From: gang8@yahoogroups.com...
16152
Dr. Richard Werner
rawjapan2005
Aug 28, 2011 9:47 am
Dear Chris, Point taken. But surely your definition of civilisation is subjective, and would dismiss six thousand years of what most people would call 'Chinese...
16151
Ercouncil@...
econrescouncil
Aug 28, 2011 5:42 am
. To supply the legitimate material needs of a society requires the application of either human, or robot labour. The second is the product of technological...
16150
Hugh Whinfrey
wurther
Aug 27, 2011 7:41 pm
... Chris, here in Denmark, civilisation is generally defined as an ability to mass-produce good cheeses. Hugh ... From: Ercouncil@... To:...
16149
Ercouncil@...
econrescouncil
Aug 27, 2011 7:21 pm
. These cleverdick books are becoming rather tiresome. The hallmarks of civilisation are: 1. A democratic system which enables the people to throw out one ...
16148
Michael Hudson
peshinesmith
Aug 25, 2011 7:00 pm
I met John Hobson two years ago in Beijing, at a conference organized by Reg Little. I myself focus on Sumer and Babylonia, as you know. But as you also know,...
16147
Arno Mong Daastoel
arnomd
Aug 25, 2011 5:13 pm
Mr. Meakin, This must be a nice teaser - for you especially, not ? ;-) Here is a link to the whole book. ...
16146
Arno Mong Daastoel
arnomd
Aug 23, 2011 7:35 am
Another interesting article by Rodrik arguing that only manufacturing can fill the role of both supplying high wages AND the number of jobs necessary to employ...
16145
G W Gardiner
geoffrey276927
Aug 19, 2011 11:43 am
19 August 2011 <With the Dodd-Frank legislation in the U.S. barring banks from trading on their own account, it had become difficult for Barclays Capital to...
16144
AMI
ami@...
Aug 18, 2011 4:51 am
*Dear Friends of the American Monetary Institute,* Tomorrow, Thursday August 18th is the deadline for the final conference discount of $50! This is an...
16143
Ercouncil@...
econrescouncil
Aug 18, 2011 4:31 am
As other Gang 8 members know, I am somewhat less than excited about the medium to long term economic success of the BRICs, and here is one major reason (there...
16142
AMI
ami@...
Aug 12, 2011 5:41 pm
*Dear Friends of the American Monetary Institute,* On Tuesday, July 26th, a day Washington DC was consumed by turmoil and posturing over "solving" a phony...
16141
Ercouncil@...
econrescouncil
Aug 10, 2011 7:41 pm
. What businesses have benefited most from the riots in British cities over the past 3-4 days? It's a crude question, given the violence and tragic deaths. But...
. Geoff: There are two kinds of people, and corporations, and governments: 1. Those that comprehend the risk of foreign exchange exposure; 2. Those that...
16138
Gunnar Tomasson
gunnar.tomasson
Aug 2, 2011 2:46 pm
Michael. Good summary – good exercise for my 50 year old high school German! Gunnar From: gang8@yahoogroups.com [mailto:gang8@yahoogroups.com] On Behalf Of ...
16137
Michael Hudson
peshinesmith
Aug 2, 2011 1:57 pm
Dear Geoffrey, The answer, of course, is derivatives and forward arbitrage. One can make money borrowing at 0.25% in yen or $s, and buying Brazilian bonds at...
16136
Michael Hudson
peshinesmith
Aug 2, 2011 1:47 pm
From today’s German FT: German FT article math eco, August 2, 2011 Article by Sandra Kaselow Gefährliche Liebschaft - Wirtschaftswissenschaften und...
16135
G W Gardiner
geoffrey276927
Aug 2, 2011 8:18 am
Michael, The situation must be helped by the fact that the Icelandic banks were really international banks, accepting foreign deposits and making foreign...
16134
Michael Hudson
peshinesmith
Aug 1, 2011 12:58 pm
This makes some good points. Michael Justin Rowlatt , ³Could Iceland be a model for debt-ridden Europe?² BBC News, July 30, 2011. http://goo.gl/YbsGi Nearly...
16133
Michael Hudson
peshinesmith
Aug 1, 2011 12:46 pm
Geoffrey, at this rate soon the entire economy will be classified as unemployed ‹ the FIRE sector, lawyers, much entertainment. Where do we stop? The moral...
16132
G W Gardiner
geoffrey276927
Aug 1, 2011 8:04 am
As higher education was pushed in the 1980s to hide unemployment should we not add to the total of unemployed all those who are studying and teaching for no...
16131
G W Gardiner
geoffrey276927
Aug 1, 2011 7:51 am
Chris, Taking it a bit further. Credits/money created by the government are eliminated by taxation. Credits/money created by banks are eliminated when they are...
