Comments for Mecpoc http://www.mecpoc.org A forum for alternative views in economics Mon, 20 May 2013 01:45:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on Civilized Money View vs. Monetarist Keynesianism by A Few More Tedious Words | Modern Money Mechanics http://www.mecpoc.org/2012/02/a-civilized-money-view-vs-keynesian-monetarism/comment-page-1/#comment-1566 A Few More Tedious Words | Modern Money Mechanics Mon, 20 May 2013 01:45:56 +0000 http://www.mecpoc.org/?p=1448#comment-1566 [...] Alike 2.5 Switzerland License and I dare say any other country as well. It first appeared here via Franklin College’s Andrea [...] [...] Alike 2.5 Switzerland License and I dare say any other country as well. It first appeared here via Franklin College’s Andrea [...]

]]> Comment on Civilized Money View vs. Monetarist Keynesianism by Signoraggio: il giogo che ci rende schiavi. Auriti e il DEBITO, massimo sistema di estorsione ai danni dell’umanità. Reato! | Escogitur.it http://www.mecpoc.org/2012/02/a-civilized-money-view-vs-keynesian-monetarism/comment-page-1/#comment-1562 Signoraggio: il giogo che ci rende schiavi. Auriti e il DEBITO, massimo sistema di estorsione ai danni dell’umanità. Reato! | Escogitur.it Wed, 15 May 2013 11:54:01 +0000 http://www.mecpoc.org/?p=1448#comment-1562 [...] Fonte: http://www.mecpoc.org/2012/02/a-civilized-money-view-vs-keynesian-monetarism/ [...] [...] Fonte: http://www.mecpoc.org/2012/02/a-civilized-money-view-vs-keynesian-monetarism/ [...]

]]> Comment on U.S. Public Debt: What it is exactly – Who owes what and to whom – Why it matters. by Andrea Terzi http://www.mecpoc.org/2010/12/u-s-public-debt-what-it-is-exactly-who-owes-what-and-to-whom-%e2%80%93-why-it-matters/comment-page-1/#comment-1534 Andrea Terzi Tue, 23 Apr 2013 05:16:06 +0000 http://www.mecpoc.org/?p=673#comment-1534 Correct. In any nation with a fiat floating currency like the U.S. your return on Treasuries is -set directly by the Fed for all short-term Treasury bills -set directly by the Fed and/or by market expectations of what interest rates the Fed will set in the future for all other Treasury notes and bonds. Correct.
In any nation with a fiat floating currency like the U.S. your return on Treasuries is
-set directly by the Fed for all short-term Treasury bills
-set directly by the Fed and/or by market expectations of what interest rates the Fed will set in the future for all other Treasury notes and bonds.

]]> Comment on U.S. Public Debt: What it is exactly – Who owes what and to whom – Why it matters. by Jeremy Montgomery http://www.mecpoc.org/2010/12/u-s-public-debt-what-it-is-exactly-who-owes-what-and-to-whom-%e2%80%93-why-it-matters/comment-page-1/#comment-1525 Jeremy Montgomery Sun, 21 Apr 2013 16:13:21 +0000 http://www.mecpoc.org/?p=673#comment-1525 So as an investor in federal bonds & bills my return on investment is dependent on the interest of the national debt? Therefor they choose their interest rate therefor choosing the interest of my investment. Am I correct in this assumption? So as an investor in federal bonds & bills my return on investment is dependent on the interest of the national debt? Therefor they choose their interest rate therefor choosing the interest of my investment. Am I correct in this assumption?

]]> Comment on Why the Reinhart-Rogoff paper was flawed right from the start by Looking behind the numbers | Econtemplations http://www.mecpoc.org/2013/04/why-the-reinhart-rogoff-paper-was-flawed-right-from-the-start/comment-page-1/#comment-1523 Looking behind the numbers | Econtemplations Thu, 18 Apr 2013 18:07:50 +0000 http://www.mecpoc.org/?p=1866#comment-1523 [...] Andrea Terzi – One more comment on RR and HAP [...] [...] Andrea Terzi – One more comment on RR and HAP [...]

]]> Comment on Does the ECB understand sector financial balances? by Pro-cyclical austerity and rising unemployment in Europe: No surprise! | Mecpoc http://www.mecpoc.org/2011/08/does-the-ecb-understand-sector-financial-balances/comment-page-1/#comment-1444 Pro-cyclical austerity and rising unemployment in Europe: No surprise! | Mecpoc Mon, 18 Mar 2013 07:21:32 +0000 http://www.mecpoc.org/?p=1096#comment-1444 [...] 18 August 2011, I had shared my concerns about the ECB’s approach to financial balances that seemed to [...] [...] 18 August 2011, I had shared my concerns about the ECB’s approach to financial balances that seemed to [...]

]]> Comment on Olli Rehn and ‘distinguished’ economists by Roger Erickson http://www.mecpoc.org/2013/03/olli-rehn-and-distinguished-economists/comment-page-1/#comment-1439 Roger Erickson Wed, 13 Mar 2013 22:21:26 +0000 http://www.mecpoc.org/?p=1829#comment-1439 For things to appear to stay the same, EVERYTHING under the surface must constantly change. It's called the evolution of ongoing operations. Isolated policy "experts" like Olli Rehn simply prove - yet again - that we never want risk managers in policy positions requiring aggressive and innovative leadership, and above all else, constant innovation! Lawyers and accountants and bankers are the last people we should ever have as public policy staff. For things to appear to stay the same, EVERYTHING under the surface must constantly change. It’s called the evolution of ongoing operations.

Isolated policy “experts” like Olli Rehn simply prove – yet again – that we never want risk managers in policy positions requiring aggressive and innovative leadership, and above all else, constant innovation!

Lawyers and accountants and bankers are the last people we should ever have as public policy staff.

]]> Comment on Civilized Money View vs. Monetarist Keynesianism by Clint Ballinger http://www.mecpoc.org/2012/02/a-civilized-money-view-vs-keynesian-monetarism/comment-page-1/#comment-1438 Clint Ballinger Wed, 13 Mar 2013 16:14:32 +0000 http://www.mecpoc.org/?p=1448#comment-1438 Interesting post - Its comparative nature is sort of what I am doing here http://clintballinger.edublogs.org/2013/03/05/towards-a-pure-state-theory-of-money/ Interesting post – Its comparative nature is sort of what I am doing here http://clintballinger.edublogs.org/2013/03/05/towards-a-pure-state-theory-of-money/

]]> Comment on Olli Rehn and ‘distinguished’ economists by Libertamus http://www.mecpoc.org/2013/03/olli-rehn-and-distinguished-economists/comment-page-1/#comment-1437 Libertamus Wed, 13 Mar 2013 12:23:16 +0000 http://www.mecpoc.org/?p=1829#comment-1437 "amendments to the EU treaties. This would entail years of impossible negotiations..." Oh please. EU treaties are just some things written on a piece of paper and as the Soviet EU Comission has already proved, they can be neglected when needed e.g. the "no bailouts" clause. What we should really ask here is: Why should the goal be economic growth? Why it is not an alternative to just cut down jobs and divide the remaining work more equally? Why is it not enough to work 4 days per week instead of 5? People defending economic growth are fundamentalists who do not understand that spending time at work = giving away freedom. “amendments to the EU treaties. This would entail years of impossible negotiations…”

Oh please. EU treaties are just some things written on a piece of paper and as the Soviet EU Comission has already proved, they can be neglected when needed e.g. the “no bailouts” clause.

What we should really ask here is:

Why should the goal be economic growth?

Why it is not an alternative to just cut down jobs and divide the remaining work more equally?

Why is it not enough to work 4 days per week instead of 5?

People defending economic growth are fundamentalists who do not understand that spending time at work = giving away freedom.

]]> Comment on Olli Rehn and ‘distinguished’ economists by Ignoramus http://www.mecpoc.org/2013/03/olli-rehn-and-distinguished-economists/comment-page-1/#comment-1436 Ignoramus Wed, 13 Mar 2013 12:06:41 +0000 http://www.mecpoc.org/?p=1829#comment-1436 Are you really too ignorant or blind to realize that the raising of the deficit ceiling AND the change in the ECB mandate that you advocate would both mean serious amendments to the EU treaties. This would entail years of impossible negotiations, failed referenda and the sort. Would it be possible to try to envisage solutions that would be at least remotely within the realm of possible? A good starting point is that the Commission (a.k.a. Guardian of the Treaties) cannot choose a policy line that is totally illegal and against the Treaties of the Union. Are you really too ignorant or blind to realize that the raising of the deficit ceiling AND the change in the ECB mandate that you advocate would both mean serious amendments to the EU treaties. This would entail years of impossible negotiations, failed referenda and the sort.

Would it be possible to try to envisage solutions that would be at least remotely within the realm of possible? A good starting point is that the Commission (a.k.a. Guardian of the Treaties) cannot choose a policy line that is totally illegal and against the Treaties of the Union.

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