Dear Geoffrey, You've put your finger on the problem with the U.S. privatization of social security: "A dividend yield is self liquidating; a capital gain is ...
It is difficult to find any cause for comfort, let alone optimism, in the stockmarket news from around the world. The tumble in values that we have foreseen...
According to a report on the New York Times website, credit ratings of some major U.S. corporations are being lowered, reducing their bonds to near junk-bond...
. Michael writes: "This really seems like a retrojection to me. Where's the documentation? I don't think there is any." I agree with you Mike. My own work on...
. Suggesting ways to "improve" capitalism, Gunnar mentions: (a) issue of new shares to employees as part of their regular compensation package (b) placing...
. Dear Gunnar: Any institution which receives its detail operating instructions from 180 different countries and must wait until they have all agreed on what...
. Gunnar quotes the IMF Managing Director, with just a hint of derision, thus : "Therefore, as part of our work program on crisis resolution, IMF Management ...
. James writes: "I want a system that gives everyone a voice and a fair hearing. That's the best way to avoid explosions." Total agreement there. But,...
. James writes : "What we want is a genuinely plural society, with all sectors empowered. Empowered or at least represented." We all do. Such ideals are ...
. James: We are working towards the mother lode of economic insight here. Some depositories (to use a neutral word) for investment flourish with low interest...
Peter, here is something you might find interesting: My abstract of Rawlinson: The Phoenicians - from the 13th century BC. - were pursuing trade policies in...
FYI: - Concerning transportation economics The regional council in Akershus (encircling Oslo) voted down the Oslo attempts to build street cars to the new high...
. Jack: I think we are probably saying much the same thing, with the usual Gang8 problem of differences in vocabulary. Of course, most new production is the...
I sent this from Erfurt but forgot to add my 'online' email address so it never reached you. Arno ... From: arno-d To: Geoffrey Gardiner ; Group Sent:...
I sent this from Erfurt but forgot to add my 'online' email address so it never reached you. Arno ... From: arno-d To: Geoffrey Gardiner ; Group Sent:...
. James writes about one Dr Sam Vaknin who has (correctly) observed the dissolving link between Labour parties and large blue collar trades unions around the...
. Dear Gunnar: I always jolt at the phrase "factor cost" but, yes, I am sure we are saying the same thing. If a tranche of newly-created credit is used to...
. Dear James: Keynes was highly suspect on his views of "speculators". Geoffrey should really take the story from here, but . . . On the one hand he played...
The Cartel of Good Intentions James Cumes Jul 07, 2002 04:55 PDT "In the foreign aid business, customers (i.e., poor citizens in developing countries)...
. Dear James: Geoffrey is very good on "speculation", but both he and I use the term in a very specific sense. It does NOT mean the same as "farting around...
. Michael: You and I are thinking along very similar lines, but I suspect the Georgist reflex of trying to bring rent into the calculation confuses rather than...
. Michael writes "Rising house prices are deflationary". We will have to disagree on that one Mike. They are inflationary, like most price rises. 1. The house...
Dr Sam Vaknin's article below on the trade unions provides valuable insights into the decline of the left and political parties of the left. Labour parties -...
Rising house prices are deflationary, because to afford them, buyers need to borrow more and more money, paying higher interest and amortization charges....
. Oh deary me. For the hundreth time the City of London is currently working itself into a complete lather because: a) UK house prices, patchily, are rising...
Dear Gang, Here's the preface I've updated for Pluto's new edition of Super Imperialism (speaking of criticisms of the IMF and World Bank that go to the core)....
. I agree with Kevin that Benn is one of the more colourful members of the House of Commons amid a very colourless bunch these days. I think he is also an...
