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They have deported Abu Qatada, so that's the step in the right direction. Anjem Choudary is a different story, as he's a natural British citizen (born and bred in South East London). There's nothing that can be done about him, as he's practicing his freedom of speech within the bounds of...

Fair, although I fail to see how I intend to keep people ignorant. I am always willing to answer questions to the best of my ability, unlike yourself. At any rate, maybe you can help me with something I don't really understand? You clearly have a strong view on the subject, given how many...

Oh, another YouTube video! How refreshing and unexpected! Fine, forget democrats and republicans. Can you answer my question, please? In your own words, preferably?

You guys seem to have it a little backwards... You are undoubtedly aware of the British colonial past? What do you think that means? I'll tell ya. It means that the immigration has already happened and what we have here in the UK is what our French friends call a fait accompli. This is in...

It's Brick Lane, innit, bruv? I have seen a lot of fights in Brick Lane, but I have yet to see a "Muslim patrol" there. And I go to Brick Lane a lot and I ain't Muslim. BTW, if you read the article carefully, there's nothing in this incident that suggests that this was one of these...

I got your point... Why don't we take my chart and just look at it starting in 1800, in order to confine ourselves to the 19s and 20th centuries. That should synchronize our time frames.

Indeed, although didn't you use the comparison between the 19th and 20th centuries to make your point? I thought I'd use a somewhat similar, but longer, time frame.

Could I perhaps suggest a possible explanation? If you observe that evolution of the big red segment, you might conclude that, over long periods of time, inflation tends to be low when the red segment gets smaller and high when it gets bigger.

The main flaw in HZ's type of analysis is that it's just not right to focus on one side of the country's balance sheet. Japan has a LOT of domestic savings that have historically financed the government's deficit. That's been the "Grand Bargain" in Japan. The world, however, has changed and...

I know some and I know what I don't know... Your question isn't really formulated precisely enough. First of all, not ALL countries have net debt. There are countries out there that don't borrow. Secondly, when you talk about "net debt" you need to define the concept more precisely, e.g...

Yet another YouTube video... How unexpected :)! So would you care to answer the questions I have asked in my previous post?

I am curious about one thing. Do you have any thoughts of your own on the subject? Something that you have considered yourself, without relying on the "information" you have obtained on the web? As to this particular video, are you suggesting that a Democratic Party politician (mis)quoting...

Not really... In fact, in normal circumstances the Fed sorta "borrows" money from banks (required and excess reserves) and pays them interest. In certain circumstances, if a bank ends up being "short", it can access the Fed's "discount window" to borrow money. In this case, the said bank...

I think it would be best if we agree to disagree on this one.

Well, I dunno... Wouldn't you agree that Hamilton's central bank idea worked somewhat better than what preceded it (i.e. the lack of coordination on monetary matters between Congress and individual states' governments)? Weren't Hamilton's ideas important and influential enough to be...

You reap what you sow, innit? Modern Japan is a perfectly logical conclusion of a very particular set of policies. In fact, it's democracy in action.

I don't aspire to prophesy something grand and momentous, unlike HeroZedge, so I am not sure how I feel about the comparison :). And, indeed, like you point out, crises come in all shapes and sizes. Ignoring the possibility that a developed economy can have a traditionally EM-like balance of...

Let me suggest a possible crisis endgame for you. Suppose QE is infinite, like you mention, and the time comes when, eventually, the BoJ owns the entire outstanding stock of JGBs (which were paid for by printed JPY). At that point, the BoJ declares JGBs worthless and burns them. In this case...

Sure, but wouldn't you agree that in the crisis scenario (which is the interesting one), JGBs might actually not fall a lot because the BoJ will be buying them in unlimited amounts?

I don't see that, sorry...