G'day Doug,
You wrote:
hmm, so what's with this?
ASIA-PACIFIC: New data show strong growth in Australia
Financial Times; Jan 8, 2002
By REUTERS: AGENCY MATERIAL and STEPHEN WYATT
Well, good retail stats accompany bad residential debt and bankruptcy
stats pretty snugly, and good
Very interesting and relevant subject of controversy, Jim.
But is the forced circulation of fiat money a reality? If it were, general
level of prices would be immutable. Unless you believe in the quantity
theory. Do you? If yes, it is another controversy. On the other hand, if
people don't trust
The Times of India
THURSDAY, JANUARY 03, 2002
It'll take a decade to remove yuan controls: China
BEIJING: Chinese state media said Thursday it would take another decade
before the country opened up its capital accounts and entirely removed
controls on its currency.
The recently emerging
[EMAIL PROTECTED] writes:
CB: Do supply-siders express an aim to lessen recessions' unemployment
etc by their tax cuts for capital, or do they say recession is a
necessary, good thing ?
Real supply-siders believe either
(1) that unemployment is mostly voluntary and the
unemployed should get
I glanced at the papers in the grocery store this morning and all
newspapers I saw featured the latest unanimous pro-business decision
by the Supreme Court. The ruling in *Toyota Motor Manufacturing,
Kentucky, Inc. v. Williams*, apparently holds that work is not a
major life activity ... of
On Wednesday, January 9, 2002 at 09:49:13 (-0600) William S. Lear writes:
...
BTW, the decision can be found at:
http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=USnavby=casevol=000invol=00-1089
Incidentally, the reason work is not central to one's life is given
near the end of the
[was: RE: [PEN-L:21246] Re: FW: Re: Re: sinking Argentina ]
Romain Kroes writes: Very interesting and relevant subject of controversy,
Jim.
thanks.
But is the forced circulation of fiat money a reality?
By forced circulation, I mean (and I believe Marx meant) the use of state
power to
Budget follies
by Max Sawicky
08 January 2002 21:44
They say the recession is somebody else's fault and will be over soon.
mbs
CB: Thanks, Max. I forget. What is the rationale for their tax cut ? That the rich
will invest it, starting a new round of investment , and ending the
Budget follies
by Ellen Frank
09 January 2002 15:40 UTC
Thanks, Ellen,
Would I be right in thinking that part of the supply-sider rationale would be that the
rich will invest the taxcuts; that is the bone supply-siders throw to the unemployed,
the indirect help in making more jobs for
2002 OUTLOOK: Economists say vehicle sales could fall 10%
January 9, 2002
BY ALEJANDRO BODIPO-MEMBA
DETROIT FREE PRESS BUSINESS WRITER
Citing the effects of the Sept. 11 terrorist attacks along with a weakening economy,
economists from the three traditional Detroit automakers estimate car
Ford to cut 17,000 jobs, close 3 assembly plants
DEARBORN -- Ford Motor Co.'s Board of Directors today is expected to consider a
sweeping restructuring plan that will include closing three North American assembly
plants by 2003, eliminating 17,000 full-time jobs, sharply reducing contract
when they feel compelled to address recession, they use
that claim. otherwise they try to change the subject to the
long-term need for investment, or they try to inveigle people
with the promise of giving you your money back.
On the positive side, they do not invoke the Democratic canard
that
Ellen Frank wrote:
[EMAIL PROTECTED] writes:
CB: Do supply-siders express an aim to lessen recessions' unemployment
etc by their tax cuts for capital, or do they say recession is a
necessary, good thing ?
Real supply-siders believe either
(1) that unemployment is mostly voluntary and the
Doug writes:
And there's
(3) Excessively tight monetary policy, courtesy of central bankers
who believe in the discredited notion of the Phillips Curve, when
they really should set policy by the gold price and other
market-based measures.
If you're by a TV the morning of the next employment
Absolutely right. That's the whole idea. In thier world-view,
which I think is widely held in America, businessmen (and women!)are the
heroes. Adversity -- like unemployment -- spurs the heroic to action --
to take risks, start businesses. In this way the heroes provide incomes
and
Ellen writes: I will say that these guys [supply-siders] are way less
mean-spirited than creeps like Armey.
right. If anyone remembers Jack Kemp, he advocated supply-side economics as
beneficial not only to the majority of Amurricans but also to minorities. He
was quite the optimist in terms of
I just was handed a patacon from someone who just returned from Argentina. The first
thing that hits you is that it looks so much like their peso. The patacon was issued
and used to pay government worker salaries. They key state power here was the
declaration that patacones would be accepted
TEHRAN, Iran - The trial of 15 Iranian dissidents charged with plotting to
overthrow the Islamic establishment began behind closed doors Tuesday at the
hard-line Revolutionary Court in Tehran.
Outside the courthouse, some 20 family members of the defendants staged a
sit-in demonstration in
Mat writes: This is straight chartalist monetary theory.
can you tell me (pen-l) about who developed this tradition? somehow I never
picked it up and seem to have developed a version of it independently. --
Jim
Karl Carlile (Communist Global Group)
Be free to join our communism mailing list
at http://homepage.eircom.net/~kampf/
I received the following posting. I have forwarded it to various
addresses:
- Original Message -
From: charles mosanga [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent:
COMMENT. this article captures a major component of neo-liberalism: the
lack of real investment. As far as I can tell, British Railtrack was a
privatized company which was treated simply as a speculative financial
investment by the City (Britain's Wall Street). Instead of building up
the
Well, it can be found in Adam Smith (a few passages), and there are some other
proto-chartalist meanderings, but the key text is Knapp's State Theory of Money.
Keynes in the Treatise on Money explicitly accepts Knapp's main theses. Abba Lerner
also embraced it in a short piece in the AER,
BUREAU OF LABOR STATISTICS, DAILY REPORT, WEDNESDAY, JANUARY 9, 2002:
Unemployment grew in nearly 85 percent of the nation's metro areas in
November from a year earlier, according to the Bureau of Labor Statistics.
Danville, Va., where the manufacturing slowdown has hit the textile
Karl Carlile wrote:
I received the following posting. I have forwarded it to various
addresses:
- Original Message -
From: charles mosanga [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, January 08, 2002 3:24 PM
Subject: confidential
attn: Karl Carlile
I am
Yes, this is a new version of a scam that has been running around the net
for at least 4 yrs.
Doug Orr
Date: Wed, 09 Jan 2002 16:22:05 -0500
From: ravi [EMAIL PROTECTED]
Subject: [PEN-L:21269] Re: Fw: confidential
Karl Carlile wrote:
Someone in Salon, I believe, did a wonderful literary analysis of these
scams. He even spoke with some of the scammers.
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
http://www.imf.org/external/country/arg/index.htm
Rather rambling article from a political commentator, Polly Toynbee,
who usually has her ear very much to the ground of New Labour and is
probably correct about this too:
http://www.guardian.co.uk/comment/story/0,3604,629668,00.html
The central content of the article is that New Labour's
Chris Burford wrote:
Rather rambling article from a political commentator, Polly Toynbee,
who usually has her ear very much to the ground of New Labour and
is probably correct about this too:
http://www.guardian.co.uk/comment/story/0,3604,629668,00.html
The central content of the article is
system pen-l perelman [EMAIL PROTECTED] #subscribe pen-l Fred Lee
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
How do the controllers of a mutual insurance company make their money.
The Rusts (who control State Farm) are very wealthy indeed -- but of
course State Farm Automobile is a mutual company, nominally owned by the
policy holders. All the other State Farm companies are stock companies,
with the
David Friedman, the anarcho-capitalist son of Milton, has a piece arguing
for private money. The problem I see with the state power/fiat money
argument is that there are lots of instruments out there that should qualify
as money that are not creatures of state creation. A recent article in one
Hayek also argued for privately issued money. Of course, bank in the US issued
money in the early nineteenth century, causing enormous confusion -- sort of
like an Enron-inspired banking federal reserve.
Steve Diamond wrote:
David Friedman, the anarcho-capitalist son of Milton, has a piece
Carrol Cox asked:
How do the controllers of a mutual insurance company
make their money.
I would imagine they worked extemely long hours and
saved every penny they earned. Isn't that how everybody does it?
Tom Walker
Steve Diamond says:David Friedman, the anarcho-capitalist son of Milton,
has a piece arguing for private money. The problem I see with the state
power/fiat money argument is that there are lots of instruments out there
that should qualify as money that are not creatures of state creation. A
Bush resorts to hot air while America burns
President ignores current problem of gas-guzzling cars by switching
budget to hydrogen power future
Paul Brown, environment correspondent
Thursday January 10, 2002
The Guardian
President George Bush has abandoned plans to develop fuel-efficient
Deliberate or unconscious humour?
http://www.ezwrite.com/Store/itemdetail.asp?IDNO=116
Tom Walker
At 09/01/02 20:20 -0500, you wrote:
Chris Burford wrote:
Rather rambling article from a political commentator, Polly Toynbee,
who usually has her ear very much to the ground of New Labour and is
probably correct about this too:
http://www.guardian.co.uk/comment/story/0,3604,629668,00.html
[Relevant to the HN Empire dustup]
http://www.asil.org/ajil/pauwelyn.pdf
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