RobertoG

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781.
by RobertoG 8y ago
"[..] and also while sometimes it has worked [..]" Can you give us some examples where this IMF standad solution has worked?
782.
by RobertoG 8y ago
The European Union works reasonably well, the problem is with the Euro. Not currency union can work properly without a fiscal union.
783.
by RobertoG 8y ago
As we are in paranoid mode (and it's fun to be, isn't it?): not only it's unusually close, but it seems that Earth is the planet it pass closer in all the Solar System. Maybe somebody should check if that "slightly accel
784.
by RobertoG 8y ago
"But certainly whatever the cause - it's much deeper than something like the ECB mishandling the situation in Italy. " This is not a mishandling, the ECB is what is, for now, saving the Euro. The problem, in Europe, at least,
785.
by RobertoG 8y ago
For an alternative economic explanation of what happened, you can read other posts (mine and other) in here. Basically what it has been done is saving, by an indirect route, the Germans and French banks exposed to Greece without improving (
786.
by RobertoG 8y ago
It seems I'm being down-voted. I will clarify in case the reason is that I didn't explain myself properly: the data don't say that Greece screwed up so much before the current crisis. It has been always a country with problem
787.
by RobertoG 8y ago
I don't think he is missing it, it's kind of the point of what is saying: the price is disconnected of the cost, it's a function of the money available to the customers who are, also, a captive market. In standard economic te
788.
by RobertoG 8y ago
I have asked myself (only half seriously) if what we are seeing here is not an attack on Bloomberg instead of Apple or Amazon.
789.
by RobertoG 8y ago
I can try.. The Euro is basically a foreign currency, so Italy have lost any saying in its monetary and fiscal policies. Austerity in times of recession is craziness, but is the order that come from Brussels. The new government in Italy is
790.
by RobertoG 8y ago
Obviously I can't tell what GP means, but I can try to explain my position. you say: 'will achieve much better results". I don't see that it's clear not at all.' If you check the policies promoted from the inte
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by RobertoG 8y ago
..and many economist warned about it.
792.
by RobertoG 8y ago
That's precisely my point. You can't talk about "our" European exterior policy and then, when the time arrive impose a bigger austerity, in part of the population of Europe, causing a bigger and longer crisis that the Gr
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by RobertoG 8y ago
The ECB can't "run out of ammo", but you are right that they could stop, for political reasons, financing the Euro countries covertly in the secondary market like they are doing now. Or maybe they just will keep that gun to t
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by RobertoG 8y ago
I suppose it depends of your definition of screwed up. The emigration, life expectancy, and growth data don't say that. Not even the public debt data say that.
795.
by RobertoG 8y ago
I'm not the one you are answering to, but if you check the data, the poverty reduction is, mainly, due to China and some to India. They did it by not following the recommendations for development of the IMF and the World Bank (that are
796.
by RobertoG 8y ago
There is a very simple fact: in order to develop an economy you need investment, not austerity. There is not democratic country that would accept for its population what the Europeans have forced on Greece. You want Greece start thinking in
797.
by RobertoG 8y ago
You should talk about "our technology" only if you are a big stock owner or, maybe, a naive employee. They are not called "global corporations" because of their patriotism. It's not called "global capital"
798.
by RobertoG 8y ago
I think that, as you are so fond of the letter of the law, in the future you should try to make an effort and remember this: From: https://news.ycombinator.com/newsguidelines.html -"Be civil. Don't say things you
799.
by RobertoG 8y ago
sigh.. I imagine that the lesson of not messing with other countries is out of fashion
800.
by RobertoG 8y ago
The USA national debt is only a number. As you say, money can be created out of thin air. The money that the USA spend in a moment in time is limited by the real resources available (overspending would create inflation) [1]. The 'natio
801.
by RobertoG 8y ago
>>"but the initial dictators/governments had no chance of survival. " That's the reason they all now want nuclear weapons.
802.
by RobertoG 8y ago
"Why do primates that eat fruit tend to have bigger brains than those that eat leaves? Leaves grow everywhere and one leaf is generally as good as another. Fruit tends to grow in specific places and ripens at different times. Primates
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by RobertoG 8y ago
"I think that ants are the elephant in the room that you were looking for, they seem to have exceedingly small brains yet do live in quite large communities all over the world." I don't think this is a valid point. From the p
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by RobertoG 8y ago
"[..] the trucking industry is hurting for long-haul drivers" Is not that a symptom of not paying enough?
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by RobertoG 8y ago
The point is that Euro is dysfunctional because there is not a enough fiscal capacity implemented in the design. Some of us think that it's probably politically implausible to implement that capacity because the narrative of the '
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by RobertoG 8y ago
Portugal and Spain (I don't know about Ireland) grow when they forget the austerity rules. Here is some prediction for you: you tell me that Spain and Portugal have reformed and that's the reason their economy is growing. At some
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by RobertoG 8y ago
"And yet Germany is very productive so I guess they work smarter, not longer." I don't understand how in a technology forum this idea is so popular. Germany is more productive because it has more technology. That technology i
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by RobertoG 8y ago
So, you are telling me, that the FED would allow something like what have happened to Greece, happen to a USA state? A crisis deeper and longer than the Great Depression? Or that they will thread to stop the payment systems if some state do
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by RobertoG 8y ago
You are forgetting that at the start of the Greek crisis, the debt was owned by private banks (mostly German and French), now it's owned by the Europeans. So, basically we saved those banks, make the life of the Greeks worse in the pro
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by RobertoG 8y ago
What those 'reform' means? Are you suggesting that Greece should become Germany? What about Portugal or Spain? Should all the countries to be net exporters at the same time? Sounds mathematically impossible. More interestingly, sh

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