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Oh come on! People will think of something to do. Its good that robots can make production cheaper; we can have more stuff for less cost; planes can fly, trains can run, and sneakers can sneak. Its good the whole tribe doesn't have to spend all day carrying jugs back and forth from the well...

The nominal aggregate derivative number is bullshit because it represents both sides of counter trades as if they were all one way. The real risk is not such a big deal as it is hedged and otherwise collateralized. If you want to read about aggregate debt of both private and public...you...

So you see that the process is converting a financial asset, investment abroad, into a tangible domestic 'repair.' You end up with less financial assets and the same tangible assets...so you are poorer.

Sorry, old time, "It is an ill wind that blows nobody good;" it is well established that there is no societal benefit. You should read Bastiat; "Ce qu'on voit et ce qu'on ne voit pas." The condition of a shortage of investment making return on investment by insurance companies low is not...

Sorry for belated reply. I have been having a hurricane...have a residence in NJ; now relocated to ski house in VT. Cable, heat, gas...ski slopes open on Sunday...beats the Jersey Shore right now. Morganist, it does not make any sense to me that you can explain the price change by...

Pardon me, that really must be something; I just thought you said something else. Really, what are you trying to say...what something is 'inflation?'

Index change in time defines inflation. Well, of course it defines price change but what does it really tell you? Is the change because of supply demand dynamics that are likely to correct in another time frame? Is that how we should think about the concept of 'inflation.' What does the...

It depends on what you do (did) with the capital what you are paying the debt service on. If you borrow capital and invest it in assets that produce more future income than the cost of capital then you are increasing real value. If you don't, then you are decreasing real value. Another...

Sorry Morganist, but none of this discussion makes any sense; not your article not the general responses; not even the definition of deflation, the definition (or lack of it) of 'money supply,' nor the definition of 'velocity'. Lets start with getting the words defined in a functional way and...

Paraclese, look you are in a mess of corruption. It is cronyism and political organized crime that has allowed your country to be raped...first when the corrupt borrowed the money, and then when the corrupt tried to bail out the malifactors on the back of the innocents. It was corrupt to create...

Paraclese, you don't understand what I wrote and you are dreaming about End money coming back to save the day. I said that Greece is in default, should declare default, and that everyone should admit it. They should stop borrowing money and pretending they are paying back debt with it. They...

Default is where Greece is and what has happened. What remains if or everyone to admit it. That is not a way out but it is where they are now. Exiting the Euro will not help them, it will hurt them even more. There is no legal way to throw a member out of the Monetary Union...there are of...

It will not help them to leave the Euro. They need a medium of exchange. Return to the Drachma would be worse. What they will have to do is default by not paying on their debt currently while using what revenue they have to deliver whatever government services and promises they can afford...

Did you notice yesteday that the most valuable business in Greece, the Hellenic Coca-Cola Bottling company, announced that it was leaving Greece for a Swiss domicile and a listing on the London exchange. So, much for growth prospects in Greece, so much for increasing Greek revenue. This is a...

That will not make any material difference in their ability to balance thier budget and pay back thier debts. Greece is insolvent, it is backrupt. It does not have the revenue to pay its own current operations on an ongoing basis, let alone retire its accumulated debt. Its revenues are...

This discussion is silly. Who is the buyer? The ECB? The IMF? What are they going to do with a Greek Island or a Ruin, or a park? How do they manage it. Will they pay taxes to Greece after they own it? Does it make any money. The Greek Oil Company, the Greek Port, the Greek electric...

That depends on who your major ceditor is and what your future need for debt is.

The logic of the world economic and political elites, of course being led by the European economic and political elites, is completely from Alice in Wonderland... There are some sober real world truths that they cannot see becuase of thier hallucinigenic paradigm: 1) You cannot reduce the...

You should cite the study Trefoil. Cars are not so commoditized as you suggest. Until very recently I owned a Jaguar XKE V-12, two BMWs, a Prosche 911, a GMC Danali, A Cadillac SRS and a late model Cadillac Elderado Convertible. I can assure you they are all different. For my taste, you...

Zdreg is right. Look how competitive Germany is with U.S. in China; even though U.S. currency is tied to Yuan, so Germany has a currency disadvantage vis a vis the $, yet they are still able to sell high tech value added products into Chinese infrastructure. Your position depends on...