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Although I somewhat agree with you, we should take in account that our economy is very different from past. Innovation is capital intensive. So any environment unfriendly for borrowing capital IMHO is unfriendly for innovations. And only innovations can give us real grow. This is IMO the...

There is a simple (and old) answer to your question. It's due to an old american economist, Henry George. You can read his 1879 masterpiece Progess and Poverty here: http://www.econlib.org/library/YPDBooks/George/grgPP.html (or take the express route at...

Thank you for your suggestion, jueco. It's really a interesting reading.

Interesting point. But how can we be sure that intervention motive is to overthrown economic system (or constitutional rights) and not a bona fide althrough stupid move, as you seems to imply? BTW your final question is inspiring.

I'm not so sure. Maybe we should try to understand where (to who) this money is going to. For what I understand of Keynesian thought, the main reason to increased spending is to raise employment rate and start multiplier effect (see http://www.econlib.org/library/Enc/KeynesianEconomics.html)...

The problem is structural. In EU retail distribution cost (and retailers' margin) are higher than US. The same item you buy in US for 1 US$, in EU you buy for 1.25 EUR, when you're lucky. When I was in US I found a lot of excellent italian items at a price lower than in Italy. You cannot...

I don't know if it is the most probable scenario, but surely I wish to study it, too. Sure, but how could one understand what isn't already inflated at post-disaster value? [I know, noone could really answer, just wondering]. Studying past debasement could be a good start, as Anaconda was...

Any good link to start with? Agricultural land? Do you really think we're so deep in s***t? What else?

This is my feeling, too. But if one believe devaluation will be driven for all important currencies (US$, EUR, YEN) at the same time (maybe at different levels, but who knows?) how can you stay out of all "strong" currencies? The only leader's perceived way out of crisis seems destroying...

Could you elaborate on that? I'm curious. Maybe take as example a guy with a quarter million in TBT. What he can do?

That's only official grants, not including externalities and long-run costs caused by war (example: wounded medical costs). According with Nobel laureate J. Stiglitz could be estimated in more than 3T. http://www.boingboing.net/2008/02/27/three-trillion-dolla.html...

I don't know if I'm able to make a understandable example. I'm thinking on it. Stay tuned.

I'm regretting at all... always like a good exchange of ideas :( According with my System's Theory teacher, we should be more concerned with stable state (final) result than with transition behaviour (at first glance). I know, in the long run we'll be all dead. But isn't the system behaviour...

May I add a number 3? /OR/PLUS 3/ The system is designed (grown?) in such a way that people who make decisions that affect the system behaviour have no incentive to make unadvantageous decisions (for them) even when system is headed to (or on) self-destruction mode, because that decisions...

Deswamped, there is a lot of interesting statement in your post. I agree on most, but: I, too, use labour as the costant to which refer (define) other economic values (including money value), but the output of labour is not costant. We have a better standard of living (speaking of goods...

Thank you for posting it. I understood only an half (hope transcript we'll be available soon), but thank you for posting.

I cannot agree more. But I believe gnome is right. At the end will be too much money, for one reason: some institutions are absorbing it like sponges, and some people is postponing consumption, but most of savings (including 401k and other retirement saving in a aging society) will be used...

My concern is more about real value of money and goods than on money forms. I cannot find a reason to stop analysis to how liquid money is, as seems to me M* try to do. Seems to me there so many variables involved and that many of them are simply neglected by economic theory (as I know it, so...

Now I understood because M3 definition is not very clear for me, my old textbook on macroeconomics (italian version of Dornbusch Fischer) stop descriptions at M2. And I never been a mnemonic student... Anyway, I don't really understand how this measure could help us. If I was an happy owner...

"different purposes" is unclear for me. Seems to me that money is money, whatever source created it. Could you elaborate a little? Of course, your note about M* shows that today money is created more from private financial institutions than in the past. Sadly, I believe, because greed is...