On Mon, 13 May 2002, Michael Perelman wrote:
Theoretically speaking, how does a deteriorating fiscal position lead
to a strong dollar?
deficits = high interest rates = strong dollar.
That makes perfect sense. Except how come for all other countries,
growing deficits lead to weaker
Subject: [PEN-L:26008] Re: Protectionism US style
On Mon, 13 May 2002, Michael Perelman wrote:
Theoretically speaking, how does a deteriorating fiscal position lead
to a strong dollar?
deficits = high interest rates = strong dollar.
That makes perfect sense. Except how come
Romain Kroes wrote:
I have already answered this pertinent question. The asymmetry is due to
the
status of dollar as the wolrld account unit of debt. So that the USA are
the
only ones paying their debt with their debt.
Why does the world continue to accept debt payment in dollars? I remember
Ulhas writes:Why does the world continue to accept debt payment in dollars?
I remember De
Gaulle refusing dollars and demanding payment in gold in '60s.
because the U.S. is the most powerful country in the world and in the era
since 1971-73, money based on political-military power has replaced
Ulhas Joglekar wrote:
Why does the world continue to accept debt payment in dollars? I remember
De
Gaulle refusing dollars and demanding payment in gold in '60s.
During the second half of 19th century, England, because of her
systematically negative balance of trade, had invented the balance
Devine, James:
Ulhas writes:Why does the world continue to accept debt payment in
dollars?
I remember De
Gaulle refusing dollars and demanding payment in gold in '60s.
because the U.S. is the most powerful country in the world and in the era
since 1971-73, money based on political-military
Romain Kroes wrote:
Ulhas Joglekar wrote:
How would Luxemburgism explain this phenomenon?
In this matter, Luxemburgism postulates an organic relationship between
imperialism and capital accumulation process. Current Globalization is
verifying it.
My question was about the nature of this
as the
world currency than it was in the 1970s or 1980s.
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: Ulhas Joglekar [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, May 15, 2002 1:36 PM
To: pen-l
Subject: [PEN-L:26017] Re: RE: Re: Re: Re
Ulhas Joglekar wrote:
My question was about the nature of this organic relationship in the
contemporary capitalism in concrete terms, as it impacts world's
willingness
to accept dollars ?
Ulhas
In the contemporary capitalism and in concrete terms, the Luxemburgist
relationship links the
On Thu, 9 May 2002, Joseph Stiglitz was quoted as saying:
Many of America's problems are made in USA. America's deteriorating
fiscal position is leading to a strong dollar, just as the deteriorating
fiscal position of the US after Reagan's irresponsible tax cut of two
decades ago did.
deficits = high interest rates = strong dollar.
On Mon, May 13, 2002 at 02:58:37AM -0400, Michael Pollak wrote:
On Thu, 9 May 2002, Joseph Stiglitz was quoted as saying:
Many of America's problems are made in USA. America's deteriorating
fiscal position is leading to a strong dollar,
On Monday, May 13, 2002 at 07:13:16 (-0700) Michael Perelman writes:
deficits = high interest rates = strong dollar.
= cheap imports = protectionism = militarism
Bill
Michael Perelman wrote:
deficits = high interest rates = strong dollar.
I propose another algorithmic system:
1.
USA's trade deficit )
+) == strong dollar
Dollar as account unit of debt)
2.
Hardening elasticity between growth
- Original Message -
From: Rakesh Bhandari [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Monday, March 11, 2002 11:47 AM
Subject: [PEN-L:23830] protectionism
Jim D wrote:
It's interesting that a foreign-tradefinance expert like PK
never mentions
that a lot of the steel industry's
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
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
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?
Tom
I am glad to see Rakesh returning to pen-l, but please, Rakesh, try to
avoid attacking others on the list, even obliquely.
Rakesh Narpat Bhandari wrote:
1. Alex's concerns about dynamic increasing returns speak mostly to
North-North trade--as Richard Nelson and Sylvia Ostry have noted--not
Before getting into a discussion over the Marxist utopia, I'd like to
comment a moment on Tom Friedman's utterly demagogic piece in the NYT.
Progressives are opposing the misnamed "African Growth and Opportunity Act"
because it imposes structural adjustment-like conditions on African
countries
Has anyone heard that Angola and South Africa were nominating Stanley
Fischer to head the IMF??? (I hadn't known that he was born in "Northern
Rhodesia.") Ouch.
-Original Message-
From: Louis Proyect [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED];
[EMAIL PROTECTED] [EMAIL
From: "Mathew Forstater" [EMAIL PROTECTED]
Has anyone heard that Angola and South Africa were nominating Stanley
Fischer to head the IMF??? (I hadn't known that he was born in "Northern
Rhodesia.") Ouch.
Hey, it's deeply embarrassing. All we can say from Jo'burg today is
that it
At 10:10 AM 3/7/00 -0500, you wrote:
[This op-ed piece is a demagogic appeal on behalf of Africans from the
neoliberal cheerleader Thomas Friedman. In targeting the protectionist
campaign of unions like UNITE, Friedman offers the free flow of capital as
an alternative. This points to the rather
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