Of course you are right. Obviously, as the Germans would say, Er hat nicht alle Tassen im Schrank. ( he doesn't have all his cups in the cabinet). I'll admit i am easily suckered into this stuff. I need to reform and follow your excellent advice.
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You should stop conversing with Morganist. You are just feeding the monkey. Morganist's ideas are all about how to save nations through pension savings in the UK, and that can be magically applied to every country in the world.
Because...Pensions!
He wrote letters to Parliaments all around the world (except the USA), and they are applying his economic principles as we speak!
The lunacy in this thread is bad enough.
Dont encourage it to get worse.
Trillions on the way for infrastructure, education , childcare , nutrition, etc. Unless Republicans derail it. The covid relief was also demand side in the way it was applied. Corporate earnings going through the roof. Happy days are here again. Of course a huge bubble is being blown in the equities markets. That's not intentional though; it is human nature at work...
We'll revisit this post in the coming years.
I'm afraid you are going to find out you've set the bar for being dead wrong on so many levels.
M
morganist
You should stop conversing with Morganist. You are just feeding the monkey. Morganist's ideas are all about how to save nations through pension savings in the UK, and that can be magically applied to every country in the world.
Because...Pensions!
He wrote letters to Parliaments all around the world (except the USA), and they are applying his economic principles as we speak!
This is pretty accurate, but I do write to the American government. Below is a link to a letter I submitted to the American Ambassador in the United Kingdom.
http://morganisteconomics.blogspot.com/2021/07/letter-to-american-ambassador-to-united.html
M
morganist
Of course you are right. Obviously, as the Germans would say, Er hat nicht alle Tassen im Schrank. ( he doesn't have all his cups in the cabinet). I'll admit i am easily suckered into this stuff. I need to reform and follow your excellent advice.
You mock me but one of my books is on the list of resources for the 'Euro' at the Euuropean University Institute, which is granted a special license to hold Europen Union official documentation. See the link below.
https://www.eui.eu/Research/Library/ResearchGuides/Economics/Eurozone
M
morganist
The lunacy in this thread is bad enough.
Dont encourage it to get worse.
We'll revisit this post in the coming years.
I'm afraid you are going to find out you've set the bar for being dead wrong on so many levels.
What lunacy?
M
morganist
Here is the link. But it is not that simple. What you want is knowledge that is spread out over time in little bits and pieces. When you wake up every day go to https://www.Bloomberg.com and scan the lead page for articles about legislative initiatives in Washington. In 6 months you'll be up to date.
When the Covid relief packages were put through, the weekly payments to those out of work were based on a 40 hr week at 15$/hr. This amounted to a raise for a good portion of the nations low-wage workforce. This additional money was 100% on the demand side. And most of it was quickly spent into the economy.
"inflation-adjusted average hourly wages grew 7.2% between 2019 and 2020. Similarly, real median hourly wages—the wage growth from the middle of the wage distribution in 2019 to the middle of the wage distribution in 2020—grew 6.9% between 2019 and 2020. (Workers at the median are often referred to as “typical workers.”)
These average and median growth rates between 2019 and 2020 far exceed any single-year wage growth over the prior 45 years of data available and exceed the second fastest single-year wage growth by 80% to 90%, depending on the measure."
https://www.epi.org/publication/state-of-working-america-wages-in-2020/
Unless you can direct me to a specific programme that will cost a certain amount of money then I stand on the position that the funds put into the economy merely only cover the loss of income the Coronavirus caused, which means it is not a stimulus package put a compensation package. Therefore the effects of a stimulus package are not there.
Yah. Right. Whatever.Unless you can direct me to a specific programme that will cost a certain amount of money then I stand on the position that the funds put into the economy merely only cover the loss of income the Coronavirus caused, which means it is not a stimulus package put a compensation package. Therefore the effects of a stimulus package are not there.
So, far i have been proven correct on matters of the economy. (see current corporate earnings and mkt response). But i agree, we will have to await the test of time to see how my predictions for the next three years pan out. I have been horribly wrong in the past, if that's any comfort. Said Trump could never get elected by ridiculing his Republican rivals. I can't think of anything I've been more wrong about than that!! Also said that AOC had a great political career ahead of her. May be president one day. Will have to wait a long time to see if that pans out. I'll be dead by then, but save this post for me and pull it up in twenty years.We'll revisit this post in the coming years.
I'm afraid you are going to find out you've set the bar for being dead wrong on so many levels.
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You'll get a lovely response back on Embassy letterhead. Don't forget to glue it into your scrapbook.This is pretty accurate, but I do write to the American government. Below is a link to a letter I submitted to the American Ambassador in the United Kingdom.
http://morganisteconomics.blogspot.com/2021/07/letter-to-american-ambassador-to-united.html
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morganist
You'll get a lovely response back on Embassy letterhead. Don't forget to glue it into your scrapbook.
In the case of the United Kingdom they used the work, so if my writing to people improves economic policy so economic targets can be hit and efficiencies can be made it is worth me doing it. Letters are evidence of this, also to be able to include letters in published work you have to get the writer's permission and if it is a politician you have to get the approval of parliament then you have to include a declaration of approval and a license to publish. To be able to publish a book that has this kind of contents you have to get approval from the specific government department, then you have to make another declaration in the publication. So it is not easy to get it.