tag:blogger.com,1999:blog-2761684730989137546.post409329031297195847..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Warren Mosler and Andrea Terzi — The euro area is not running out of euros. Yet, it pretends it is.mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2761684730989137546.post-51988184612050054032012-05-27T20:38:03.525-04:002012-05-27T20:38:03.525-04:00Tom -- Agreed. In another comment I referred to t...Tom -- Agreed. In another comment I referred to the Euro elites as heartless psychopaths. Seems to fit.John Zelnickernoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-85217395440883705152012-05-27T16:05:19.098-04:002012-05-27T16:05:19.098-04:00John, this is disaster capitalism at its finest or...John, this is disaster capitalism at its finest or worst, depending on which side of the town in which you live. This is by design. It's an opportunity to discipline labor and maximize profit margin. When that has been done to satisfaction, then the recovery will begin, with capital secure that wage pressure will not emerge any time soon.<br /><br />They are fully aware of what needs to be done and specifically prohibited the ECB from becoming a lender of last resort. Faced with an implosion of the EZ, they will just relax the rule, as they have several times already in creative ways. But always just enough to avoid disaster, while they tighten down the screws more.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3259660320173268102012-05-27T14:21:16.354-04:002012-05-27T14:21:16.354-04:00IIRC, Warren has said for a long time that the end...IIRC, Warren has said for a long time that the end game on Europe is that the ECB writes the check. I just hate the continuing human losses of all kinds while the Euro elite try not to give in. Talk about heartless psychopaths.John Zelnickernoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-78290970237651327402012-05-27T13:30:28.514-04:002012-05-27T13:30:28.514-04:00@ paul. Promoted.@ paul. Promoted.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20360955862568584642012-05-27T13:30:15.099-04:002012-05-27T13:30:15.099-04:00Those who supplied the easy credit did not act imp...Those who supplied the easy credit did not act imprudently? To get to a financial crisis of this proportion it takes two to tango.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-60594471530346547262012-05-27T11:56:39.248-04:002012-05-27T11:56:39.248-04:00'One would suspect that if the euro area were ...'One would suspect that if the euro area were to undergo an emergency such as a major natural disaster or a war, European governments would request that the ECB put its absolute power at their disposal. Thus, one wonders why European politicians do not believe this is an emergency that justifies the exception.'<br /><br />Because certain countries in the EU have blatantly abused their membership of the eurozone and have squandered their financial reputations.<br /><br />Would you give a junkie alochol as a subsititute for heroin?A.K.A. Damo Mackerelhttps://www.blogger.com/profile/02617877822938199052noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37901157090374352942012-05-27T08:21:50.634-04:002012-05-27T08:21:50.634-04:00semi-related: (@Tom H.)
Economics is not math - t...semi-related: (@Tom H.)<br /><br />Economics is not math - the word is spreading about which trumps which.<br /><br />http://ineteconomics.org/blog/inet/economics-not-mathpaul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.com