Very interesting discussion. I also believe in the policy responses as you Achilles. However, one market property that works against a weakened...
Ed Breen, How would you tackle the hit bank balance sheets are going to take by letting house prices clear? This would probably lead to...
I don't know how to deal with the massive debt overhang, but it will be dealt with or dealt an outcome in the coming years. But any system you...
Stardust, In economics you want to produce things cheaply, more efficiently so that people can consume more and enjoy more "economic benefits"....
Piezoe, I don't think there is political power to close the budget deficit in the US (or economically feasible to reduce government spending in...
1) China, Iran and Russia are trying to do some their oil dealing without involving any USD. 2) Suggestions (reiterations) on a global reserve...
Whenever you undertake one action/opportunity that means that you forgo another one, you have to consider what you are missing. The other...
I bet George W. Bush had this "it all trickles down" perspective of the first post when he ran his temporary lower taxes on the rich. If...
I would say that you want distribution network that is big enough to capture benefits from economy of scale. That benefit should be weighed...
I kind of get the feeling that Keynesian policy is similar to martingale. If you provide stimulus and it doesn't work out then you are in debt on...
I liked his "Yes we can" catch phrase better. "Pass this bill right now"...too many words.
I question that property rights will be honored when we run head first into the resource contraints wall. Isn't China already fragmenting the...
Damn, I just realized something. If Fed stopped being accomodative, then treasuries would soon look wobbly from a technical default...
I am conflicted on the matter of deflation or inflation. To your deflationary points, don't forget that the US is a net importer and is on one end...
To get jobs back from abroad you either have to put tariffs on labor intensive goods or wait for the labor market to clear. Things that keep...
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