tag:blogger.com,1999:blog-2761684730989137546.post7807174805399555958..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: John Weeks — Eurozone’s So-Called Recovery Masks A Dark Secret: Mercantilismmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-91730139189784857272016-05-12T17:02:20.337-04:002016-05-12T17:02:20.337-04:00Most political leaders fall for the "export m...Most political leaders fall for the "export more" nonsense. For Obama, see:<br /><br />https://www.whitehouse.gov/sites/default/files/docs/trade_and_exports_record.pdfRalph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49250405803653030832016-05-12T12:49:37.442-04:002016-05-12T12:49:37.442-04:00Hamilton explains the whole system here pretty wel...Hamilton explains the whole system here pretty well:<br /><br />https://www.congress.gov/resources/display/content/The+Federalist+Papers#TheFederalistPapers-12<br /><br />Its a rational approach if you are trying to gain in mass measures of the 3 metals within the borders of your nation... Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-65627229132197502272016-05-12T12:40:34.748-04:002016-05-12T12:40:34.748-04:00"why should a country desire to give away stu..."why should a country desire to give away stuff for mere money tokens?"<br /><br />Well that is not what they were doing under the metals... they were giving away stuff in exchange for mass measures of the 3 metals...<br /><br />"money" is a metonym....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-80873012685472864622016-05-12T12:13:51.332-04:002016-05-12T12:13:51.332-04:00Mercantilism does seem insane; why should a countr...Mercantilism does seem insane; why should a country desire to give away stuff for mere money tokens?<br /><br />The answer is that mercantilism DOES benefit some, the rich, in a country but at the expense of the country as a whole.<br /><br />Also, a "successful" mercantilism policy does provides the illusion of prosperity by increasing employment as the workers slave to benefit foreigners.<br /><br />The problem then is our emphasis on jobs (as opposed to work) instead of just ownership of the means of production.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com