gdp's Comments

Ed Dolan's Econ Blog : How Is Inequality Linked to Climate Change, and What to Do About It?

Mon, 4 Jan 2016 18:29:56 +0000

Hey, there are some really good points in this article.. very interesting as well!

EconoMonitor : Roubini.com Is Looking for Social Media Interns

Mon, 4 Mar 2013 23:30:08 +0000

Noted, thanks Jack.

EconoMonitor : Roubini.com Is Looking for Social Media Interns

Tue, 26 Feb 2013 17:44:26 +0000

The listing applies until the position is filled, and is open-ended at this time.

Ed Dolan's Econ Blog : Green Illusions: The Limits of Alternative Energy

Wed, 12 Dec 2012 16:12:02 +0000

block IP

Ed Dolan's Econ Blog : CPI Unchanged on Falling Energy Prices; Deflation Risk Begins to Edge Up

Tue, 11 Dec 2012 14:52:03 +0000

block IP

The Wilder View : National Saving Rates Across Europe: Diverse

Tue, 11 Dec 2012 14:52:02 +0000

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Great Leap Forward : DEMYSTIFYING QUANTITATIVE EASING

Wed, 14 Nov 2012 22:15:27 +0000

Pete: Yes, I'm sure; and he was the one who used the term (possibly invented it, I don't know): euthanize the rentier, defined as reducing risk free rates to zero so that there would be NO RETURN (zip, nada) to holding highly liquid assets. I might be responsible but I can assure you my IOUs are NOT risk-free! Anyway, you (and all other readers) should read Chapter 24 of Keynes's General Theory. It is fun reading, not highly technical, a masterpiece. (L. Randall Wray)

Great Leap Forward : DEMYSTIFYING QUANTITATIVE EASING

Wed, 14 Nov 2012 22:14:00 +0000

Charley: not sure why your comment did not go through as it looks like it was approved. In any case, Yes Fed could forgive the mortgage debt on the trashy MBS's it owned. The process could be difficult, and it will force Fed to take complete loss on these--reducing its profitability. That is not an economic concern but could be a political concern. (L. Randall Wray)

Great Leap Forward : MMT, ARGENTINA, AND VIEWS ON INFLATION

Tue, 9 Oct 2012 18:18:19 +0000

All: in response to popular request the settings for comments are undergoing changes. There will be light moderation of comments. Vitriolic name calling won't be permitted, so some posts will be refused and/or deleted. Right now I do not understand the moderating system but with luck will figure it out over the next few days with help from Economonitor staff who will be implementing the moderation.

EconoMonitor : Quote of the Day From The Economist's Charlemagne: 'Stitch by Stitch'

Thu, 27 Sep 2012 17:50:38 +0000

On 1) correct, that is an unfortunate phrasing.

EconoMonitor : Chart of the Day: The Grexit Decision Tree

Wed, 23 May 2012 17:55:06 +0000

Thanks, charts are fixed. For full interactive chart, see the FT: http://www.ft.com/intl/cms/s/2/0a35504a-0615-11e1...

EconoMonitor : A Primer on Minsky

Tue, 27 Mar 2012 16:02:02 +0000

Thanks

EconoMonitor : Prelude to a Shooting War

Thu, 12 Jan 2012 17:50:38 +0000

From Marvin Zonis: There are many different indicators, speeches by Khamene'i and Ahmadinejad who see US policy as aimed at regime change rather than Iran's nuclear program. But here's a piece that lays it all out pretty well from the thoughtful Iranian point of view. Marvin Zonis http://www.presstv.ir/detail/219635.html

RGE Analysts' EconoMonitor : A Relative Decline: Challenging But Not Terminal

Thu, 7 Jul 2011 18:05:53 +0000

A comment sent in by a reader: Interesting post! A few notes. (1). The author of blogpost 2, Dalal, is an engineer, not an economist. So his expression of these problems is often technically incorrect. But that does not mean the problems are not real. (2). For manufacturing in his article substitute trade. Current account deficit, Triffen Dilemma, impossible trinity -- a difficult trap to escape. Exports remain strong, but imports are not. The approach of peak oil (highly likely during the next decade) will exacerbate the problem, as would the decline in production of coal from the Applachian mines (coal production peaking cannot be reliably forecast, but prices are rising as the world taps lower quality reserves). (3). Expenditures on the US military and foreign intelligence are roughly $1T/year, aprox the size of the Federal deficit. And largely unrelated to any actual threats, hence not a source of national advantage or competitiveness. The most recent DoD strategy documents focus on al Qaeda as the primary foreign threat. Not only is almost the entire US military apparatus irrelevant to such a threat, public information provides no basis to believe that AQ any longer exists as an effective force (dismantled by global police, security, and inelligence services since 9-11). (4). Health care The cost structure of US health care is a serious competitive disadvantage, on several levels. Showing any kind of substantial relative advantage seems unlikely, IMO. Higher costs seem more likely to lead to a services deficit than net exports, as both processing (radiology sent to India) and end demand ("medical tourism") flow elsewhere. Massive internal subsidies and higher costs drive medical device and drug exports, but funding cuts might slow both of these. Many studies show that aprox 80% of global medical drug/device industry profits are from the US, another of the many unsustainable imbalances which may signal the end of the post-WwIi global regime. (5). I agree that describing these problems in emotional, even apocalyptic, terms is both foolish and pointless. But neither should we be blind to their consequences. The UK suffered in many ways during it's post-imperial adjustment from 1918- 1980. As Keynes said, just because they came through the storm does not mean that storms are not painful. (6). Shifting to speculation, I suspect that objectively the US has fewer serious problems than the other great powers. Rather, its most serious problem is a dysfunctional political system. Unfortunately, history suggests that these can be difficult to reform and cause serious difficulties. The English civil war and Japan's WW2 involvement are sobering examples.

EconoMonitor : Welcome to EconoMonitor

Fri, 24 Jun 2011 15:39:12 +0000

Yes, it will remain free.