RobertoG

58 ms·

631.
by RobertoG 7y ago
At least that all the citizens live in a perfect paradise, that shows a really lack of imagination. Even, if ideologically you are against spending the citizens money in the citizens, there are always things like basic research programs. Th
632.
by RobertoG 7y ago
I would recommend looking at it from a Modern Monetary Theory perspective (1) (2). In my case, it's only then, when everything started to make sense. (1) - http://bilbo.economicoutlook.net/blog/?p=33094 (2) - htt
633.
by RobertoG 7y ago
Are you aware that your comments can be illegal in some jurisdictions? Just saying. Anyway, my two cents, in my opinion, not enough effort is being done in finding an alternative to livestock farming. We should be pushing for cultured meat(
634.
by RobertoG 7y ago
This is a list of USA interventions in latin america until 1996: http://www.zompist.com/latam.html We could find many more examples of fights against authoritarianism, for instance: "The 1953 Iranian coup d'état,[
635.
by RobertoG 7y ago
>>"Japan was never considered evil in the 1980s" I suppose we remember differently. An example: in 1991 George Friedman (the respected analyst, who, by the way, is predicting now the collapse of China) published "The co
636.
by RobertoG 7y ago
"It sees everything as a zero-sum game. The US, despite it's flaws, is excellent at building and maintaining deep economic and political relationships around the world. " I can't believe I'm reading this here. The U
637.
by RobertoG 7y ago
So, the Chinese are evil. Maybe, but then, there is nothing exceptional about their evil. If you are old enough you will remember when Japan were the evil one in the 80's. Or we can go to the history books and see how all those tactics
638.
by RobertoG 7y ago
>>"You have to distinguish between inflation (which every country has, on varying levels) and hyperinflation. " We agree. Inflation is caused by too much money chasing too few goods. That can happen because the money grows o
639.
by RobertoG 7y ago
Can you support that with some data of citation? I would recommend you to read the below link. It doesn't seem to me that the problem was "printing too much money". From http://bilbo.economicoutlook.net/blog&#
640.
by RobertoG 7y ago
>>"The drop in productive capacity is the motive, but not the means;" Ok, I though we were talking about the final cause of inflation, not the mechanism, maybe you had something else in mind. Now, if half of the productive e
641.
by RobertoG 7y ago
The problem (one of them) with Argentina is that they don't have industry, so simple like that. That's the trap where many countries are stuck. Because in order to develop an industry you need investments and protection of the new
642.
by RobertoG 7y ago
The important thing about external debt is: is the debt denominated in your currency? Because if you are Argentina (a country with little industry and exports) and you get a debt in Dollars in order to be able to import, of course you can g
643.
by RobertoG 7y ago
We are talking about causality here. In my opinion, it's misleading to insist that the cause of hyperinflation is "printing" money and, never mention, that the real cause is the falling in the productive capacity of the econo
644.
by RobertoG 7y ago
>>"to avoid defaulting on domestic debt " Logic tell us that there is not reason whatsoever for the only issuer of dollars defaulting in a debt denominated in dollars. Alan Greenspan (ex-chairman of the federal reserve) will
645.
by RobertoG 7y ago
Most (all of them?) episodes of hyperinflation, including the infamous Weimar Republic and Zimbabwe, are not caused by "printing" too much money, but by a fall in the productive capacity of the economy. Here, Zimbabwe for hyperven
646.
by RobertoG 7y ago
Is that how it works? My impression was that the basic research was done in universities (with public funding) until there are some good patents, then the patents are transferred to some kind of private company that take the profits. I don&
647.
by RobertoG 7y ago
There was a discussion about that here not so long ago: https://news.ycombinator.com/item?id=20200760
648.
by RobertoG 7y ago
I think your confusion comes from thinking there is only one type of money. For simplification, there are two kid of moneys, the 'government money' and the 'lending money' (my terminology). Government money would be: cas
649.
by RobertoG 7y ago
When they target the interest rate through the monetary base, they lost control of the monetary base. In other words, if they target the interest rate they can't control the monetary base, so, Central Banks don't control the quant
650.
by RobertoG 7y ago
Please, stop promoting this false conception of how banks operate. It makes really difficult to have serious discussions about the modern economy. From the Bank of England, banks are not intermediaries of loanable funds: https://
651.
by RobertoG 7y ago
I think you are missing the point. If you move your loaned $1 trillion to another bank, your bank will have to find the reserves from other banks or from the Fed. If it find it in other banks, no new reserves have been added, so, certainly,
652.
by RobertoG 7y ago
Nothing in your quote contradict what I said. Note that the Central Bank is not targeting the monetary base, but the interest rate.
653.
by RobertoG 7y ago
You are wrong. After creating money by giving loans, a private bank have to get reserves proportional to the money it has loaned. For this, they got to the inter-bank market or the central bank. The goal of the Central Bank it's to con
654.
by RobertoG 7y ago
When a bank is lending you money it's creating the money they deposit in your account. This process is totally independent of people saving money in the bank. The private bank is forced to search for a quantity of reserves proportional
655.
by RobertoG 7y ago
Exactly, people here are talking like this is a big mystery, but it's just old nationalism. Only that is easier to see the speck in your brother's eye and pay no attention to the plank in your own eye. Whatever the motivations or
656.
by RobertoG 7y ago
You can have a money debt but you can have all other kind of debts, so, debt is the most general concept.
657.
by RobertoG 7y ago
That's not the only available explanations. You can find many alternatives. Specially now that we have discovered the influence of epigenetics. For instance, average height of a population is not a fixed value but changes with the prog
658.
by RobertoG 7y ago
Does this mean that the news of Moore's law demise are greatly exaggerated?
659.
by RobertoG 7y ago
You are probably very young if you believe that fantasy. Who is this "we" that it's so worried about the welfare of humanity? Read about the interventions of first Europe and then the USA in the global affairs. You can check
660.
by RobertoG 7y ago
>>"[..]you can't speak publicly against it, you can't act openly against it,[..]" By this, I suppose you mean that, if you do it, you will get some angry answers in your direction, but, is that not true about anyth

More ›