To: bruiser98 who wrote (50868 ) 4/6/2013 2:33:15 PM From: maceng2 Read Replies (1) | Respond to of 71456 There is some fancy looking maths there. imf.org Where is the K (Financial kooks) factor in those equations? I am trying to remember what Irving Fisher was famous for? -g- He was a good mathematician and respected economist. econlib.org Ahhh this was it... see number 5 gold-eagle.com Being serious for a moment, page 30 talks about unions [G]. Unions? Is that as in labour Unions or is it some fancy mathematical economic entity? Labour unions are very 1920’s but not today. Re: Their optimization problem yields a familiar New Keynesian Phillips curve for wages OK have a look at page 4 of 27 here. The Phillips curve then and now. pitt.edu I guess things are different when the job choices are working for MacDonalds, Walmart, becoming unemployed, or working as a full time criminal. Quite honestly, I think a lot of stuff like that gets churned out without anyone ever checking it properly. John Perkins on the world bank and the imf etc . Starts at about minute 12:14 secs. youtube.com Does Cyprus have any recently discoveries of oil and gas? It’s only a tiny country, but fits the model exactly. It isn't really the USA that's just the problem, its the corporate entities that drive the process, and they are Europe too. IMF = economic WMD. Modern "econometrics" is talked about at minute 18:20. The IMF (imho) will no doubt have a well tried process and plan behind that paper. They are not like Jeff Berwick at all. They know exactly what they are doing, where they are going, and how they are going to get there. The maths is real simple. You take peoples money and make them indebted to you. Its all in the conditionalities.