Duh. Everyone Wants to Avoid Rape According to Robert Samuelson
Rape at the personal level is like a global financial collapse and depression at the global level. Nobody wants it to happen to them. What an insight from Robert Samuelson. Of course [i]nobody[/i] is...
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Well, the economic elite of Europe, in decision after decision, seems to show that "Extraordinary Incompetence" is the default position....
View ArticleEffect of Argentina's default
What was the effect of Argentina's default of foreign debt? Who suffered because of it? - Rick Beckley
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At the time of the crisis I thought Dean was right in calling for takeover of the banks by the FDIC rather than bailout (and still do). Another alternative was bailout compensated by government equity,...
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Argentina's default in 2001 was not a new or unique event. Many Latin American and other nations have defaulted wholly or partially from time to time. Sometimes the recovery has been good, sometimes...
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[b]skeptonomistg[/b] wrote, [quote]Sweden is better model than Argentina for massive default threat as in 2008.[/quote] Sweden's a poor model. IIRC the Swedes made bondholders whole. In a "just"...
View ArticleIllegitimi non carborundum
Don't listen to Samuelson, Dean. You're somebody to us. ??? - David M
View Articlepurge the system
I'm starting to come around to Dean Baker's way of thinking, given our lost decade of crappy recovery (partly due to Republicans blocking fiscal policy and shrinking government.) I doubt there will be...
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Just wanted to say, I've been enjoying Last Mover's satirical comments. - watermelonpunch
View ArticleArgentina alone versus the global system?
I wonder if it's valid to use a single country's recovery from financial collapse to conclude that if the entire global financial system collapsed, it could recover as easily. After all, Argentina's...
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I was with Last Mover's satirical comment until the last part. I think the combination of sarcasm and snark took a dark turn there at the "victims encourage" part as it was inconsistent with the angle...
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