Re: Re: Re: Re: The US Dollar (spend it fast as youcan)

2001-07-18 Thread michael perelman
It is not protectionism, like the violence instigated by the US is not terrorism. Protectionism (terrorism) is what the other guy does. Jim Devine wrote: > > Michael wrote: > >It may be that intellectual property laws may be the most effective form > >of protectionism devised so far. > > excep

DID CHUBAIS LAUNDER MONEY THROUGH THE BANK OF NEW YORK?

2001-07-18 Thread Michael Pugliese
From Johnson's Russia List. I'm under the impression that the Jamestown Foundation, is of a right-wing flavor, from a cursory glance in the past. http://www.jamestown.org/ Chubais, was Gore's pal, no? I have yet to read Stephen Cohen, "Failed Crusade, " waiting for the pb. I betcha, on the

Re: Godley and Savings (was "current events")

2001-07-18 Thread Jim Devine
Quoting me: >"It's not US _savings_ (i.e., assets) that are "non-existent." Rather, >it's US _saving_ (net addition to savings) that is negative. Overall US >consumer net worth is _positive_, not negative (even though this net worth >did fall during the last year)." Alex comments: >There seems

Re: RE: Re: RE: Re: Re: The US Dollar (spend it fast asyou can)

2001-07-18 Thread Michael Pugliese
I found Lind's kiss off to the Right, "Why The Right Is Wrong, " a good expose, esp. the chapter on Pat Robertson's sourcing anti-semite, conspiracy theorist, Nesta Webster, author od Red-Web spinning books like, "World Revolution." Have yet to read, "The First American Nation." Publishes wide

Re: URPE circular letter about Andrew Kliman

2001-07-18 Thread Andrew Hagen
Either tell us exactly what the so-called "unethical professional conduct" exactly was, or don't bring this up in a public forum. Andrew Hagen [EMAIL PROTECTED]

Re: protectionism

2001-07-18 Thread Tom Walker
Michael Perelman wrote, >If the US tried to use protectionism as a form for maintaining aggregate >demand, wouldn't that throw fuel on the Argentinian/Turkish crisis? >Doesn't the rest of the world economy depend on the US as the consumer of >last resort? Would it be a bull in China shop? T

Re: Re: Re: Re: tariffs, trade, MNCs, etc.

2001-07-18 Thread Doyle Saylor
Hello Economucks, Rakesh writes, yet we hardly recognize that our positions have changed over time, which so complicates the idea of a person as a substrate, no? It would seem to me that if the net does succeed in allowing for some indepth discussion, the rate at which our views change may acc

Re: RE: Re: RE: Re: Re: The US Dollar (spend itfast as you can)

2001-07-18 Thread Rakesh Narpat Bhandari
>Lind is not a nativist. He is a liberal >nationalist. He may be a Listian, but >to me that is not necessarily a Bad Thing. >The idea that he is a right-wing plant is >hallucinatory. > >mbs Check what he says about the need to control immigration in one of his books. Maybe I am hallucinating h

RE: Re: RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Max Sawicky
Lind is not a nativist. He is a liberal nationalist. He may be a Listian, but to me that is not necessarily a Bad Thing. The idea that he is a right-wing plant is hallucinatory. mbs . . . Michael told me not to insult anyone, so I will hold back my comments on the neo-nativist and self-procla

Re: Other People's Money

2001-07-18 Thread Rakesh Narpat Bhandari
>JUL 18, 2001 > >Other People's Money > >By PAUL KRUGMAN > >I t wasn't true when Richard Nixon said it, but it is true today: We >are all Keynesians now at least when we look at our own economy. We >give anti-Keynesian advice only to other countries. > >When it comes to the U.S. ec

Re: Re: Re: Re: tariffs, trade, MNCs, etc.

2001-07-18 Thread Ken Hanly
But the self is in eclipse, > one way or another. > > >

Other People's Money

2001-07-18 Thread Stephen E Philion
JUL 18, 2001 Other People's Money By PAUL KRUGMAN I t wasn't true when Richard Nixon said it, but it is true today: We are all Keynesians now at least when we look at our own economy. We give anti-Keynesian advice only to other countries. When it comes to the U.S. economy, everyon

protectionism

2001-07-18 Thread Alex Izurieta
It seems very interesting what is going on in this discussion, and I am afraid that I can hardly follow. Anyway, let me clarifiy small points. A colleague wrote: > >Except the paper says "_In the very last resort_, the United States should >not forget that nondiscriminatory measures to control imp

Godley and Savings (was "current events")

2001-07-18 Thread Alex Izurieta
Hello, there is one thing that I think is important enough to emphasise, in relation with our analysis and what is believed elsewhere. It is about the saving rate, and whether the private sector balance is sustainable or not. Quoting Jim Devine: "It's not US _savings_ (i.e., assets) that are "non

Re: Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Jim Devine
Michael wrote: >It may be that intellectual property laws may be the most effective form >of protectionism devised so far. except that it's not the kind of thing that's called "protectionism." It protects individual corporations or other property-holders, not the domestic markets of countries.

Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Rakesh Narpat Bhandari
>Rakesh Narpat Bhandari wrote, > >>And the size of the CAD (and trade deficit) is not correlated with >>the value of the dollar; if it were there would be some reason to >>expect Tom W's scenario of an imminent mass dumping of dollars. Why >>does there seem to be no correlation? Ellen's analysis

Re: RE: Re: Re: The US Dollar (spend it fast as youcan)

2001-07-18 Thread Rakesh Narpat Bhandari
>Michael Lind (The Next American Nation) makes the point >that patents, IP, and professional licensure (i.e., >tenure!) are the upper-class ("white overclass") variant >of protectionism. > >Consistent free-traders should be willing to do away >with those barriers to trade as well. How do laissez

Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Tom Walker
Are you saying, then, that the absence of evidence is the same as evidence of absence? I guess I missed what the "this" refers to that you wrote your dissertation on. Ellen Frank wrote, >Actually, I don't overlook this. In fact I wrote my >dissertation on this and looked into the role of >histo

Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Tom Walker
Rakesh Narpat Bhandari wrote, >And the size of the CAD (and trade deficit) is not correlated with >the value of the dollar; if it were there would be some reason to >expect Tom W's scenario of an imminent mass dumping of dollars. Why >does there seem to be no correlation? Ellen's analysis see

RE: Re: RE: wynne godley

2001-07-18 Thread Max Sawicky
To that extent tax competition is on point. In the main, urban fiscal problems are due to the city-suburb (city-state legislature) relationship, IMO. mbs Max, I don't understand your point. Toledo gave away tax breaks to lure companies, such as Chrysler, which gutted its tax base.

RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Max Sawicky
Michael Lind (The Next American Nation) makes the point that patents, IP, and professional licensure (i.e., tenure!) are the upper-class ("white overclass") variant of protectionism. Consistent free-traders should be willing to do away with those barriers to trade as well. How do laissez faire e

Re: RE: wynne godley

2001-07-18 Thread Michael Perelman
Max, I don't understand your point. Toledo gave away tax breaks to lure companies, such as Chrysler, which gutted its tax base. On Wed, Jul 18, 2001 at 04:49:04PM -0400, Max Sawicky wrote: > I don't think it's quite right as an > analogy. There's a city/suburb problem > that you can appreciate

Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Michael Perelman
It may be that intellectual property laws may be the most effective form of protectionism devised so far. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]

Climate Education Conference: Call For Participants

2001-07-18 Thread Eban Goodstein
--Please Forward-- CALL FOR PARTICIPANTS: THE GRASSROOTS CLIMATE EDUCATION PROJECT *** OCTOBER 5--7, 2001*** The Green House Network (www.greenhousenet.org), a non-profit group dedicated to public education about the n

Re: Reply to Tom Walker re PEN-L 15095

2001-07-18 Thread Tom Walker
Eugene Coyle wrote, >Having said that, I wonder if losing the "family wage" -- i. e. >needing two wage earners to support a household that one wage earner >once could isn't a claw-back on the part of capital. Any >thoughts/statistics about that? Another name for the family wage would be the "ma

RE: wynne godley

2001-07-18 Thread Max Sawicky
I don't think it's quite right as an analogy. There's a city/suburb problem that you can appreciate wherein better-off people reside in suburbs and use the cities for job locations, services, and certain amenities not available in suburbs (museums, sports teams, etc.). This way they avoid, with

Re: The US Dollar

2001-07-18 Thread Michael Perelman
I was impressed by Ellen's statement this morning, but I wonder how much of the money invested in U.S. stocks and bonds is at risk from flight back to its original source in say, Europe or Japan? How much flight would be required to spook the financial markets? Couldn't a relatively small amount

Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Rakesh Narpat Bhandari
> > Actually, I don't overlook this. In fact I wrote my dissertation on >> this and looked into the role of historical "inertia" quite closely >> and it doesn't hold up. > >Sounds like a great diss. Did you ever publish an article summarizing it? >If not, what school did you do it at? > >> Th

Re: Re: Re: tariffs, trade, MNCs, etc.

2001-07-18 Thread Rakesh Narpat Bhandari
Jim Devine wrote: >I wrote: >>>The MNCs are mostly for free trade, though they will take >>>advantage of existing trade restrictions, if they can. > >Rakesh: >>Jim, how do you know this? > >The usual way I know things, from reading, from direct experience, >and from logically or intuitively fig

Re: Re: protectionism

2001-07-18 Thread Rakesh Narpat Bhandari
> > I refer here not only to retaliations and beggar-thy-neighbor >> policies (to which Mark was perhaps averring) but the possibility >> that by limiting the supply of dollars abroad through tariffs and the >> other import restrictions meant to protect declining industries--and >> this seems

Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Michael Pollak
> Actually, I don't overlook this. In fact I wrote my dissertation on > this and looked into the role of historical "inertia" quite closely > and it doesn't hold up. Sounds like a great diss. Did you ever publish an article summarizing it? If not, what school did you do it at? > The official d

my talk

2001-07-18 Thread Jim Devine
See http://bellarmine.lmu.edu/~JDevine/talks/LMU-econ071701.htm to see the notes on the talk I gave yesterday on the state of the US economy. Comments are welcome. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

wynne godley

2001-07-18 Thread Charles Brown
>>> [EMAIL PROTECTED] 07/18/01 01:41PM >>> -clip- >CB: Isn't this in part because a lot of the "imports" into the U.S. are >from U.S controlled transnationals from their capital and production >outside of the geographical U.S. ( the "U.S." still exporting capital >muchly ) ? I don't think

Fw: [ASDnet] Farm worker amnesty bill sparks debate (Eng & Sp)

2001-07-18 Thread Michael Pugliese
- Original Message - From: "Duane Campbell" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Wednesday, July 18, 2001 10:31 AM Subject: [ASDnet] Farm worker amnesty bill sparks debate (Eng & Sp) > > >News from the Farm Worker Movement(www.ufw.org): > >http://www.capitolalert.com/news/c

Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Ellen Frank
Actually, I don't overlook this. In fact I wrote my dissertation on this and looked into the role of historical "inertia" quite closely and it doesn't hold up. The official dollar role has been over since 1973. The US has run current account deficitd in every single year since then, deficits tha

Re: wynne godley

2001-07-18 Thread Jim Devine
>CB: Cutting taxes on multinationals, but not on workers ? Cutting wages or >working class incomes , in part, by cutting social spending , this >neo-liberalist austerity ? yup. >CB: Is it the pushing exports and the cutting taxes and wages that could >lead to deepening world depresssion , o

[ Imperialism and Environment

2001-07-18 Thread Charles Brown
>>> [EMAIL PROTECTED] 07/15/01 09:48PM >>> Yoshie: >The essence of imperialism may be best understood as what is >necessary to ensure the global reproduction of social relations of >capitalism, for which a variety of means -- including embargoes -- >are used, depending on what changing circumst

Re: wynne godley

2001-07-18 Thread Michael Pugliese
Like the U.S. Business Industrial Council. Marc Cooper on Radio Nation had on one of their ideologues. http://www.opensecrets.org/lobbyists/98profiles/24303.htm 1998 DATA* (1997 DATA ALSO AVAILABLE) US Business & Industrial Council Total Lobbying Expenditures: $60,000 Lobbying Firms Hired

wynne godley

2001-07-18 Thread Charles Brown
>>> [EMAIL PROTECTED] 07/18/01 12:34PM >>> Charles wrote: >CB: What is competitive austerity ? Is it competition between governments >to see who can cut social spending and public enterprise the most ? Is the >difference between this and the 1930 situation that there weren't welfare >state in

Re: wynne godley

2001-07-18 Thread Jim Devine
Charles wrote: >CB: What is competitive austerity ? Is it competition between governments >to see who can cut social spending and public enterprise the most ? Is the >difference between this and the 1930 situation that there weren't welfare >state institutions as much in place then as in the pe

RE: wynne godley

2001-07-18 Thread Max Sawicky
There is tax competition between states and countries, but the effect in distorting tax structures is much more important, IMO, than the impact on the size of government. There is pressure on the size of Gov, but it stems from ideological and (anti-)redistributive concerns, not very much from act

Re: The US Dollar

2001-07-18 Thread Jim Devine
Ellen wrote: >I have to disagree with the proposition that the US >current account deficit might presage flight from >the greenback, capital outflows and financial collapse. >Though the scenario is plausible on the surface, it >overlooks one thing. Increasingly, the world's wealthy >count their w

wynne godley

2001-07-18 Thread Charles Brown
>>> [EMAIL PROTECTED] 07/17/01 07:11PM >>> Anyway, I think it's a big mistake to generalize from the 1930 Hawley-Smoot tariff to current-day issues. (It's quite common for the "free trade vulgaris" crowd -- e.g., Krugman -- to fall for this trap.) The GATT (now called the WTO) is aimed spe

Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Tom Walker
Ellen is partly right but she overlooks the circular nature of her case. The wealthy count their wealth in dollars because of the historical role that the US dollar achieved over many decades. A US current account deficit doesn't change that historical role overnight. A few decades of current acco

Re: RE: Why I Am Leaving PEN-L

2001-07-18 Thread Charles Brown
OK >>> [EMAIL PROTECTED] 07/18/01 11:09AM >>> Charles, please lay off Leo. On Wed, Jul 18, 2001 at 10:49:52AM -0400, Charles Brown wrote: > > > >>> [EMAIL PROTECTED] 07/18/01 12:13AM >>> > Hey Leo, > > Your departure is PEN-L's loss, not yours. > > ( > > CB: Yea, without struggle th

Re: RE: Why I Am Leaving PEN-L

2001-07-18 Thread Michael Perelman
Charles, please lay off Leo. On Wed, Jul 18, 2001 at 10:49:52AM -0400, Charles Brown wrote: > > > >>> [EMAIL PROTECTED] 07/18/01 12:13AM >>> > Hey Leo, > > Your departure is PEN-L's loss, not yours. > > ( > > CB: Yea, without struggle there is no progress, and Leo has that at the bot

When work isn't enough

2001-07-18 Thread Max Sawicky
The Economic Policy Institute recently released a new Briefing Paper, When Work Just Isn't Enough, which examines the hardships families experience on and off welfare. Many families that have left welfare rolls to join the workforce experience hardships even when they are successful in findi

RE: Why I Am Leaving PEN-L

2001-07-18 Thread Charles Brown
>>> [EMAIL PROTECTED] 07/18/01 12:13AM >>> Hey Leo, Your departure is PEN-L's loss, not yours. ( CB: Yea, without struggle there is no progress, and Leo has that at the bottom of all his posts. Plus, he's a real anti- you know what, so we pro's can really struggle with such anti, ca

RE: Re: RE: Why I Am Leaving PEN-L

2001-07-18 Thread Max Sawicky
Now I'm leaving PEN-L. >I don't get along with Rakesh, who has just arrived, >but how do we know it's really Rakesh and not some >imposter whose real name is Hyman Blumenstock or >Tachion Babushka? Max, why do you find so called ethnic names funny? Are you one of those self-hating ones? Look,

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re:

2001-07-18 Thread Michael Perelman
Nathan is correct that it is the software, which, as far as the school is concerned, is fixed in stone. However, what I thought Michael was suggesting was that people manually remove the re's before they send the message. On Wed, Jul 18, 2001 at 10:04:46AM -0400, Nathan Newman wrote: > The faul

Re: Re: tariffs, trade, MNCs, etc.

2001-07-18 Thread Jim Devine
I wrote: >>The MNCs are mostly for free trade, though they will take advantage of >>existing trade restrictions, if they can. Rakesh: >Jim, how do you know this? The usual way I know things, from reading, from direct experience, and from logically or intuitively figuring it out. But strictly s

Re: The US Dollar

2001-07-18 Thread Ellen Frank
I have to disagree with the proposition that the US current account deficit might presage flight from the greenback, capital outflows and financial collapse. Though the scenario is plausible on the surface, it overlooks one thing. Increasingly, the world's wealthy count their wealth in dollars.

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re:

2001-07-18 Thread Nathan Newman
The fault is in the PEN-L listserv software; it is the only list in which I participate that adds an extra "re:" when I reply to a post. It has to do with the fact that every message header is automatically changed by the software with a new number that eliminates the re: in front of the previous

Re: Re: Re: Re: RE: Why I Am Leaving PEN-L

2001-07-18 Thread Michael Perelman
Rakesh, you are welcome to argue against those who fight against sweatshops, but the personal attacks cannot go on here. Your long attack on Lou is double irrelevant since he is no longer on the list. I learnt from your earlier attacks on sweatshops. I believe that Doug also said on LBO that he

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re:

2001-07-18 Thread Michael Perelman
Thanks for reminding us. On Wed, Jul 18, 2001 at 03:10:22AM -0400, Michael Pollak wrote: > > I don't suppose there's any chance of getting people whose mail programs > multiply re's to change their settings? It soon makes the subject lines > useless for no gain that I can see. > > Michael >

Re: protectionism

2001-07-18 Thread Christian Gregory
> I refer here not only to retaliations and beggar-thy-neighbor > policies (to which Mark was perhaps averring) but the possibility > that by limiting the supply of dollars abroad through tariffs and the > other import restrictions meant to protect declining industries--and > this seems to be what

Re: Re: Re: RE: Why I Am Leaving PEN-L

2001-07-18 Thread Rakesh Narpat Bhandari
> >Even so, please, I am trying to avoid the aggressive sort of note that you >posted here. Please cool it. I see aggression in what Spivak once called in a moment of clarity "sanctioned ignorance", i.e., what can be safely ignored. Note Max's refusal to reply to "Jain Carowan's" well reasone