tag:blogger.com,1999:blog-4900303239154048192.post2276819469572853452..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: A Very Small StepUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4900303239154048192.post-37971780030312034102010-10-25T15:03:49.681-04:002010-10-25T15:03:49.681-04:00Imbalances are bad because the nation that polices...Imbalances are bad because the nation that polices the property rights necessary to the realization of profits and rents gets shortchanged by capital flight. As the USA defends markets and ownership all over the globe, the people "investing" outside the tax jurisdiction are making out like bandits while the US middle class is left with no way to make a living.<br /><br />We have economic warfare between China and the rest of the world. The Chinese do not have an armada on the high seas and military bases all over the glob which they must support. And they take full advantage of that as do the Japanese. Disarmament and retraction of military posts is the proper solution, but then the rightarded will scream like tiddy babies.<br /><br />China is not delivering the income from its production to the actual Chinese producers. Instead, the Chinese government is using the income to buy T-Bills and to invest in ownership of resources in the rest of the world. And this continues to happen because the rest of the world does not appropriately TAX imports. The value of the currencies cannot adjust because of dollar hegemony. This system sucks.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-85511656850029930852010-10-23T13:04:12.433-04:002010-10-23T13:04:12.433-04:00What are the most plausible theoretical reasons to...What are the most plausible theoretical reasons to think that "imbalances" are bad?jsalvatihttps://www.blogger.com/profile/16509764680257537430noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-38178414847280910212010-10-23T06:54:53.323-04:002010-10-23T06:54:53.323-04:00Peter, are you suggesting that economists can lead...Peter, are you suggesting that economists can lead? Some examples, please. (Keynes seems to have been a leader, but look at the treatment he is getting today, especially in Europe. Surely Milt Friedman was not a leader. Yes, there is Paul Krugman today, but he is considered too shrill and too Keynsian.)<br /><br />In my view, Globalization is on trial. How can justice and fairness be addressed by the world powers to benefit all nations? There is no real governance for Globalization, other than that of powerful nations.Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.com