Paul: ... market ... Keynes ... will ... can ... Comment: The proposition that Say's Law implies "that there is no obstacle to full employment" is rooted in...
The following remarks of Greenspan show that profits in the foreign exchange markets are NOT made by analytic foresight, but by controlling the markets -- to...
Hudsonmi@...
Mar 3, 2004 7:56 pm
9789
Michael, Why do they need special legislation to issue a bond (in each case) in Minnesota? (and in this case for a PRT transport project) Arno ... From:...
Dear Arno, In America, every state has to have every bond issue voted on by the public. Just like California's big issue last week under new Gov. ...
Hudsonmi@...
Mar 8, 2004 1:14 pm
9791
040309 Banking A sight of those in charge of affairs is worth far more than any written comment so I suggest a visit to this site ...
Geoffrey Gardiner
geoffrey.gardiner@...
Mar 9, 2004 9:53 am
9792
Chris (C) ... Yes, I agree that it is a kind of monopoly. In fact, this priciple might be extended to property in general (as I think John O'Donnel argues). It...
Geoffrey, I seems to me that you keep barking up the wrong tree. ... So, 'hiding or renaming the interest' is not why the scheme is interesting (I assume, to...
Geoffrey, It seems to me that you keep barking up the wrong tree. The interesting points of the scheme seem to me to be 1) A more balanced sharing of risk and...
Bill and Michael. Sorry have not commented before. My point was that by allocating taxes to cover the interest the governmant made its debts acceptable to the...
Geoffrey Gardiner
geoffrey.gardiner@...
Mar 11, 2004 10:30 am
9796
Arno, It's a big subject and the considerations cannot be quickly summarised. Our report took months and was quite long. I reckon a full book on the...
Geoffrey Gardiner
geoffrey.gardiner@...
Mar 11, 2004 10:30 am
9797
Arno, Yes I would love to focus on the economic aspect always, but the study of that is always dogged by the religious and poltical aspects. They raise their...
Geoffrey Gardiner
geoffrey.gardiner@...
Mar 12, 2004 10:02 am
9798
Many thanks for the full reply, Chris. It is great for me to see someone with a strong voice pushing ideas I tried vainly to advocate many, many years ago. My...
Geoffrey Gardiner
geoffrey.gardiner@...
Mar 12, 2004 11:23 am
9799
. Hi Gang: One of my more esoteric pusuits is to sit on the committee of the Financial Statistics Users' Group here in the UK. It is our job to stir up the...
In spite of the xenophobic title, this article is worthwhile reading. Seems to me that the Chinese are playing the game better than the US, and that the...
This article (forwarded by David Chiang) again shows that the trade war is on. It seems to me that these trade related measures will be insufficient for the...
Arno, The key strategists in the "attack" by China on the US - admittedly, the inadvertent strategists - were not the Chinese but the Americans themselves. ...
Arno, The United States' fundamental problem is its failure to achieve sufficient real, fixed-capital private and public domestic investment over a period that...
Here is a splendid article on trade (forwarded by David Chiang). Arno World Trade Realities, by William R. Hawkins Date: Fri, 12 Mar 2004 20:27:35 -0500 From:...
Arno: Good article! Yet, "analysis" of world trade and associated issues in terms of comparative advantage permits economists and policy-makers alike to ignore...
Arno, Yes, it is a good article. I find myself particularly in agreement with the following point, made at the end - "There is no field in which its...
Moral: As interest rates fall, Bankruptcy filings INCREASE (and new investment tapers off). Irony. BUSINESS BRIEFING Bankruptcy filings set record March 13,...
Hudsonmi@...
Mar 17, 2004 2:56 pm
9808
Paul: In my view, globalization has intensified and exposed as never before the structural flaw in entrepreneurial/financial capitalism with which Keynes was...
MessageArno, "China has deliberately developed its interior production AND consumption" This is very important to China's stability and growth and, of course,...
Dear William: Thanks for your comments - the points at issue go to the very heart of what is wrong with the Keynesian approach to macroeconomic management as...
Dear Gang: As one or two Gang members already know, I am about to sign up to study for a doctorate back at Oxford. So if all goes to plan, Dr Chris Meakin (MA,...
. Dear Gang: In terms of degrees of importance, my previous posting was back to front. Recently I have been in contact with an old friend in the conventional ...
Chris, Fertile in ideas, swift to action. You have so many splendid things going that it's hard to keep track. The economics "profession" has been useless for...
040323 Gardiner to Gang8 Sadly, Chris, as you will have seen from my comment to the closed list, things may have gone somewhat the other way at the Department...
Geoffrey Gardiner
geoffrey.gardiner@...
Mar 23, 2004 10:24 am
9815
Dear Gang, I just received from Bibliomania (orders@...) their List 274, which is packed with Social Credit items, mainly from Canada. My favorite...
Hudsonmi@...
Mar 23, 2004 7:29 pm
9816
Dear Wesley, I would be delighted - and I'm sure many others would be equally pleased - to have your account of how the "dismantling of the achievements of...
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