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Jueco, the reason we don't have a recovery is that private economic actors do no believe they are secure in making investment in assets. Those that have assets are not reinvesting in them in the U.S. at the rates needed to sustain those assets, and they are not creating new assets. This is not...

Jueco, I offered you a much deeper analysis than what you are giving back. I read your comments as hard money psuedo austrian sloganeering. You don't make any real argument; you simply make unsupported assertions, some of which are obviously false as has been pointed out. It does not appear...

Jueco, sorry I did not respond sooner; I have been travelling. You define inflation as the simple increase of base money supply. I am saying that is not a good enough, not a useful definition. In the Freidman sense, and most schools accept Freidnman's monetarism on this point of the...

Morganist, I encourage your thinking about how to get investment going but I don't think your suggestions are unrealistic. Certainly lowering tax for inward investment would encourage such investment. However, I think what is necessary is a context change, a cultural change in business and...

This was all obvious when the first crises appeared to 2010...the plan all along was been to loan Greece more money on the condition that it cuts government expenditures, sells off government enterprises an assets and raises taxes. This IMF standard scheme is promoted to reduce debt to GDP...

Jeuco, thanks for you comments. It does appear that you have read a few books and you know quite a lot. Your explanations are much better than your quips. I agree with much of what you assert. I am well versed in the Austrians, currently reading Schumpeter (Who is not an Austrian) and I am...

I am trying to be clear. It simply means you can't pay your debt. When you can't pay your debt then you won't pay your debt. The guy you owed money to doesn't get paid. He has to write off his investment. You can't pretend or paper it over...the investment is gone...if you lend the guy who...

Jueco2005, I simply asked you to explain your cryptic comment; you don't need to respond with a smug insult that has no basis. Why do you suggest I need to read more books? Is there a specific book you want to recommend. My experience is that cryptic smug comments that hint at some...

"anticipated or unanticipated inflation is created." What does that mean? Where is the evidence? How do you model those concepts in metrics? You have to come to grip with what inflation is and how it is caused. If you want to say that inflation is always a monetary event and that the...

You have to look thru all the 'moving peas around a plate' plans to leverage an overleveraged problem. It is an inescapable truth that you cannot solve a debt problem with debt; you can only solve a debt problem with income. All these mechanations and schemes presented as solving a the...

You would think that if you seriously wanted responses you would have identified your model variables better. In the real world, an increase of nominal money supply will only increase bank lending and the general price index when private credit is expanding. When private credit is...

Thanks for posting this information. It confirms what we have been discussing.

Another point is that the decision not to pay SS in full is a Social Security Policy/Regulation, and not the action of the Schools or thier Pension System. You seem to blame the school employer for not telling new hires about SS regulations. Don't you think that people qualified to be teachers...

You rationalize this like SS is like an insurance program. I know its supposed to be like an insurance program; but I thought everyone knew there was no lock box, no invested funds for benefits, that it is simply an IOU from the Government that when you retire the Government will borrow money...

Ian, what is it that you teach? Social studies? Who taught you?

The point Ian, is that thier total pension under the Teacher's Pension is probably higher than any SS payments they would get if they didn't get the teacher's pension. I suppose your 20 year case might be a special situation but it is hardly typical of the issue you are complaining about. I...

They do get the teacher's pension though...which is much more than they would get under SS. They didn't pay SS contributions, but they paid something, less than SS, into the Teacher's Pension Fund. What's the problem here? Don't they do better?

You are right. There is an international aspect to how this all plays out, expecially in the U.S. case where our currency is reserve. But this is complicated enought already here.

Trefoil, I am flattered that you think my analysis is perfect. It took me many years to figure it out and now be able to write it down clearly in a couple of paragraphs. I benefited from meeting and listening to Robert Mundell and reading his work, but I am not him. I don't think he would...

Quantitative easing does not work where the private sector is deleveraging. QE is based on the Quantity Theory of Money which assumes that when you increase the supply of money specie (Base Money) that through a money multiplier effect the increased supply of money will overwhelm the demand for...