Showing posts with label fiscal transfers. Show all posts
Showing posts with label fiscal transfers. Show all posts

Monday, June 22, 2015

Clive Crook — Greece and Germany Agree the Euro Can't Work

Greece isn't willing to do what it takes. Nor is Germany. Nor, after four months of being called pillagers and criminals by Tsipras, are the other creditors. Yet don't say they disagree. All through this crisis, there has been more agreement than meets the eye: They have agreed, it seems to me, on the impossibility of making this system work. 
Bloomberg View
Greece and Germany Agree the Euro Can't Work
Clive Crook
ht Clonal

Monday, April 1, 2013

The Free Rider Problem


While this is funny, it also demonstrates the sociological phenomenon of opposition to "free riders." It's a biological phenomenon that extends way down the range of evolutionary development, and, of course, it is typified by parasites. Taken to the extreme, it is comical.

The Raw Story
Georgia Republican Party chair: Straight people will enter gay marriages to get ‘a free ride’
Arturo Garcia

Fox News contributor: ‘It gets a little comfortable to be in poverty’
Stephen C. Webster
Appearing Saturday on Fox News’s “Cavuto on Business,” contributor Charles Payne insisted that he knows firsthand how “it gets to be a little comfortable to be in poverty” in the United States.
“There’s this idea that between the food stamps and the welfare and the earned income tax credit and the child tax credit and the local programs, you know, it gets a little comfortable to be in poverty,” he said. “Listen, I’ve lived it first hand. I’ve seen when people don’t go to work because they get everything paid for them. The incentive is not there.”
Payne, one of the network’s more vocal critics of assisting the poor and under employed, expanded on his theory about the laziness of poor people during a broadcast last Thursday, explaining that he’s disappointed so many Americans — over 47 million, according to the latest official numbers— are on food stamps. “What we actually have ended up doing is created a wall, a giant barrier, where people don’t move out of poverty into the middle class because in that initial transition they actually lose money and lose benefits,” he said. 
Payne is essentially repeating a common meme among many conservatives who believe that helping poor people keeps them poor and only fosters dependence and the growth of state benefit payments. What many Fox News reports on this subject fail to note is that 90 percent of all welfare benefits go to either members of working households, the elderly or the disabled,according to the Center on Budget and Policy Priorities (CBPP).

Winterspeak — Do not make a vice out of virtue

I think it is fair to consider savers to be collateral damage, since they harm they are suffering is incidental to the intentions of Government officials and regulators alike. Ultimately, only higher deficits, and more fiscal transfer, will sate their savings desire and begin to generate aggregate demand again.
Winterspeak
Do not make a vice out of virtue