me: >> maybe by printing Yen, they could drive down the exchange rate, >> helping Japan's exports.
raghu: > But why would they want to encourage exports right now when they need > all their productive resources to rebuild the country?? I was thinking of Jurriaan's e-mail about that rate rising, hurting Japan's exports. Increasing M might counteract that. > Given this undisputed and widely known fact, why do so many USAians > insist on donating money to Japan?? > > I think this is a symptom of the mass psycho-pathology involving the > reification of money: sure there are some things that money can't buy, > but these are usually the frivolous sort of things that can be put > into one of those popular Mastercard commercials! > > Marxists can correct me, but isn't this a classic example of the kind > of fetishism that Marx talked about? it's also part of Smith's criticism of the Mercantilists. However, I'd guess that most USers _think_ that they're donating goods or services to help Japan, whether or not it's true. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
