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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: KyrosL who wrote (43394)12/3/2008 6:25:05 PM
From: TobagoJack  Read Replies (1) of 217839
 
<<Surplus countries must willingly accommodate necessary adjustments by deficit countries. If they decide to sit on the sidelines, while insisting that deficit countries deserve what is happening to them, they must prepare for dire results>>

then best to prepare for dire results

in the mean time, just in in tray

my new blog:

acting-man.com

there is little in there that the list hasn't heard yet from me - i just wrote this as a sort of introduction though, next i'm going to write about the theoretical dispute in more detail.

the 'paradox of thrift' is a nonsensical construct. there is no such thing (the idea stems from a misunderstading of cause-effect relations in the economy).

it should be obvious, from a common-sense point of view, that something that makes economic sense for the individual cannot be harmful on a macro-economic level.

the macro-economy is merely the sum of all individual's actions, if large numbers of individuals decide that they need to save , then it's a sign that the macro-economy is in need of more savings. it is a good thing - savings need to be rebuilt. the government's attempts to hinder this process are extremely harmful.

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