RobertoG

71 ms·

751.
by RobertoG 8y ago
That's because monetary tools are the wrong tool to generate growth and inflation. The correct tool is fiscal policy, but that's politically impossible at the moment in the USA and the Euro-area.
752.
by RobertoG 8y ago
That's not what MMT argue precisely. The idea is that (for sovereign governments with its own currency) the government is the issuer of money and logically doesn't need to get money from the population or to borrow it in any marke
753.
by RobertoG 8y ago
Protectionism is only bad when you have the upper hand. The way to develop a powerful industry is protectionism. When you have achieved it, the way to avoid others develop powerful industries is free trade. It was not by way of free trade t
754.
by RobertoG 8y ago
First page in HN, I bet he is going to get a few more users. This "I feel guilty but they are making money" narrative thing is just genius marketing. I take my hat off to him.
755.
by RobertoG 8y ago
Nope, Google have to drop dragonfly too.
756.
by RobertoG 8y ago
You are right, unwisely I commented before finishing it (it's a long document). I offer my excuses. I found specially damaging for the Syrian version the point 24 and 26 in the annex II: "The Syrian Arab Republic informed the Mech
757.
by RobertoG 8y ago
I wanted to know what happened so I read the report. I have to say that the "details" are scarce in the report. The investigator not even went to place where the attack happened (because of the danger). The conclusions are also in
758.
by RobertoG 8y ago
So, they choose Iraq randomly? The idea of 'doing something' about Iraq was a lot older. 9/11 was just the excuse. When you read about the subject it's interesting to realize how many people in Washington was against tha
759.
by RobertoG 8y ago
>>"[..] we will continue to discover [..]" Do you mean indefinitely? Why that would be the case?
760.
by RobertoG 8y ago
You could do what all the clever rats do at night: plot how to conquer the world.
761.
by RobertoG 8y ago
Well, if you start with the idea that markets exist in the void, you are certainly avoiding the dirty world. For instance: assuming that property rights exist outside a political framework or power structures.
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by RobertoG 8y ago
Because that idea (about economics) has been heavily, and successfully, pushed by interested parties: 'The economy' and 'the market' are sacred things that are disconnected from the dirty world, and work perfectly in the
763.
by RobertoG 8y ago
>>'if you give poor people more resources, its good for everyone') It's not 'poor people' vs. 'rich people' but the majority vs. a minority. >>"Economics, as the expression of human beings
764.
by RobertoG 8y ago
"Spain does not have a competitive economy and that's that." Competitive how? Salaries are lower than in Canada. Competitive with who? Do you mean the productivity is low? That's a function of industry development, that
765.
by RobertoG 8y ago
Have you considered the possibility that youth unemployment is a consequence of belt tightening?
766.
by RobertoG 8y ago
A recession means that not enough money is spent in the economy. In that situation, a government should increase the spending, not use the situation as an excuse for cutting the public sector because ideological reasons. Or do you think tha
767.
by RobertoG 8y ago
Like in everywhere else. Employment is, obviously, a function of investment.
768.
by RobertoG 8y ago
I know that the 'borrowing off the next generation' is a popular sentence, but, does that means anything at all? Would you prefer to live in a country with a high public debt and industry, infrastructure and an educated population
769.
by RobertoG 8y ago
"Being a biased journalist wasn't illegal last time i checked." Certainly, all the journalist should be in jail then.
770.
by RobertoG 8y ago
Thanks for that. I don't think that difference exist in my language, I will try to remember.
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by RobertoG 8y ago
"[..] western democracies turned a blind eye to the infrastructure development and poverty reduction [..]" In my opinion you are a little too generous here. In many historical cases, and for many countries, a less active involveme
772.
by RobertoG 8y ago
"#1 laboratory meat will largely eliminate factory farming. [..] All us tree huggers should work to expedite." Any suggestion about how to help here? For instance, is there any organization where we can send money for pushing for
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by RobertoG 8y ago
"Is it that chance and randomness are fundamental aspects of our world, or is it that our knowledge of the world is inherently limited [..]" Both. The latter is obviously true, and quantum physics tell us that the former is also t
774.
by RobertoG 8y ago
"I'm told I'm not even old enough to be this cynical." Don't worry my young friend: if you think, as it seems by your comment, that there was a golden age in the past where people was better, you have a lot of way t
775.
by RobertoG 8y ago
I think that you are misinterpreting what he is saying. He is not saying that Pharaons were marginally better farmers but that balance in power is intrinsically unstable. Losing a simple pawn in the beginning of the game makes you lost the
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by RobertoG 8y ago
All around the world, nobody seems to like minorities, take from that what kind of animal humans are. Some people even go out of his way to criticize the victims of a genocide in a public forum about technology.
777.
by RobertoG 8y ago
"[..] spending the future earnings of young and not-yet-born Italians to satisfy the greediness of voters at that time." If the Italy of the year 3000 is a wasteland without buildings or industries, never mind how much money have
778.
by RobertoG 8y ago
The Euro is, for all purposes, a foreign currency. You are making the (in my opinion wrong) assumption that Greece default has been avoided instead of delayed. There is no way Greece can pay that, the only difference is that the money is no
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by RobertoG 8y ago
"The EU seems to be working for a lot of the other countries just fine economically." I assume you mean the Euro here (not the EU) What are those countries?
780.
by RobertoG 8y ago
"[..] That demagogic rhetoric comes up commonly and it makes the same fundamental mistake or perhaps not wanting to understand that serving your creditors [..]" Insisting that the path taken with Greece was the good decision is wh

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