tag:blogger.com,1999:blog-2761684730989137546.post7444616487575807269..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Richard Reeves — Stockman Reduxmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2761684730989137546.post-6705595771461835342012-08-27T14:03:12.269-04:002012-08-27T14:03:12.269-04:00"Does anyone know what a euro actually is?&qu..."Does anyone know what a euro actually is?"<br /><br />Y,<br /><br />I believe the Europeans used to call it "nomisma".<br /><br />That is "what it is" imo.<br /><br />If you need further definition I dont know if that is a good idea or useful... you may be getting caught up by people who do not accept this definition... they simply dont accept the concept of "state currency" ie they call it "funny money" or counterfeit or "debt" or whatever their damaged brains can come up with... if they dont accept the term "nomisma" as a definition then they are "from another planet" so to speak...<br /><br />Y, consider it may not be possible to explain this to them... <br /><br />rsp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83298281574125120982012-08-27T12:00:05.823-04:002012-08-27T12:00:05.823-04:00Tom,
Reminiscent of the Wizard of Oz.
They make ...Tom,<br /><br />Reminiscent of the Wizard of Oz.<br /><br />They make it tough to pull back the curtain. Of course that's the idea.paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-4275283582665718742012-08-27T11:21:25.498-04:002012-08-27T11:21:25.498-04:00y, not my area of expertise but I recall reading o...y, not my area of expertise but I recall reading on the blogs somewhere that euro are issued by the national govts and the serial numbering of notes shows which one. The national cb's are, of course, bound in this regard by the EU-EZ-EMU treaties wrt the ECB, etc. I have never seen a place where the complexities of this arrangement are set forth simply.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84380197903513301542012-08-27T08:43:53.729-04:002012-08-27T08:43:53.729-04:00Does anyone know what a euro actually is?
Does an...Does anyone know what a euro actually is?<br /><br />Does anyone know whether euro banknotes are national government obligations, european union government obligations, or neither?<br /><br />I ask because Federal Reserve notes are US government obligations.<br /><br />I just spent a while on the ECB's website trying to find something - anything that explains what a euro actually is, deep down. <br /><br />Not much luck.<br /><br />I invite anyone to try and find such an explanation on the ECB's website.ynoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-38403680122013884402012-08-26T21:27:01.917-04:002012-08-26T21:27:01.917-04:00David,
Stockman says the kind of crap you might e...David,<br /><br />Stockman says the kind of crap you might expect from a conservative Midwestern farmer's son who doesn't realize hard money would destroy the family farm.<br /><br />I tend to think he actually believes himself, but I'm not sure with Ryan. Remember the Wikileaks diplomatic cable dump? They might have discussed it here. Re: monetary policy, he was all about fighting deflation, praising Bernanke, ensuring easy liquidity, etc. when chatting with the Argentines.<br /><br />I'm not sure what's more disturbing: the possibility that Ryan's a fool, or the possibility that Ryan's not a complete fool, but says hugely dangerous things about monetary policy because he thinks it will score him political points.Edmundnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88655573342044593212012-08-26T21:18:00.452-04:002012-08-26T21:18:00.452-04:00Hah. I remember chatting with him while waiting f...Hah. I remember chatting with him while waiting for food in the cafeteria. This is when he was still vying for the QB job with Keith Nichol - I hadn't been paying attention to the team and didn't know who he was. This amused him.Edmundnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19797069838151984762012-08-26T20:41:03.549-04:002012-08-26T20:41:03.549-04:00Ed,
I think Kirk Cousins (good QB imo!) has a cha...Ed,<br /><br />I think Kirk Cousins (good QB imo!) has a chance to steal the starting job from RG3 here in Washington this year.... rsp.Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-69458658775205873622012-08-26T20:19:00.533-04:002012-08-26T20:19:00.533-04:00Ah, Stockman. Fast and loose with the figures - t...Ah, Stockman. Fast and loose with the figures - that's the Michigan State University difference! My Alma Mater.Edmundnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18812295314163331772012-08-26T19:57:58.925-04:002012-08-26T19:57:58.925-04:00Sounds like they tried to use him as a stooge, lik...Sounds like they tried to use him as a stooge, like that other famous would-be-stooge, John Dean. Stockman, as I recall, tried to turn the tables on them back then claiming they didn't really follow his advice. Dean re-emerged a few years ago and made some really excellent points about the Bushies, which are sadly all too applicable to O., as well. Dean is the only Republican "intellectual wunderkind" that I was impressed by in "redux."<br /><br />Paul Ryan, I believe, will be revealed as a phony and an intellectual lightweight; just another foundation coddled hothouse plant of the type we've seen a lot of in the past few years. Which is not to say that he doesn't have brilliant prospects ahead of him, nonetheless.Davidhttps://www.blogger.com/profile/10929929857098326319noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-38991211251411629232012-08-26T18:55:01.655-04:002012-08-26T18:55:01.655-04:00Yeah.... it takes a moron to know a moron... sad s...Yeah.... it takes a moron to know a moron... sad stuff, 'my austerity is bigger than your austerity'... we're looking at prime examples of disgraced humans here...<br /><br />"39 Now He told them a parable also: "The blind can not guide the blind. Will not both be falling into a pit?" Luke 6:39<br /><br />At the end of the day, I'm soooooo thankful we all are not being made blind and stupid on these issues....<br /><br />rsp,<br /><br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com