Comments on: Euroland Is Being Crucified Upon Its Own Cross of Gold http://www.thomaspalley.com/?p=164 Economics for Democratic and Open Societies Tue, 07 Sep 2010 02:35:15 +0000 http://wordpress.org/?v=2.6 By: RONALD VICK SMITH http://www.thomaspalley.com/?p=164#comment-137331 RONALD VICK SMITH Sun, 18 Apr 2010 08:01:10 +0000 http://www.thomaspalley.com/?p=164#comment-137331 I am interested to learn your ideas for reduction of the fearfully large USA public debt. I believe such an action is of the utmost priorty for saving us from eternal doom. Thanks for your reply. I am interested to learn your ideas for reduction of the fearfully large USA public debt. I believe such an action is of the utmost priorty for saving us from eternal doom. Thanks for your reply.

]]> By: Jac http://www.thomaspalley.com/?p=164#comment-136868 Jac Mon, 29 Mar 2010 15:16:40 +0000 http://www.thomaspalley.com/?p=164#comment-136868 Tom This is a comment about several entries. I am enjoying these lucid compositions, particularly the skill with which you avoid polarising issues through demonisation and beatification, both of which seem to be on the rise in economic and political debate. I am so strongly reminded throughout of 'All My Sons', 'The Invisible Man' and 'Invisible Man'. It does not matter if history or literature has already provided us with powerful narratives, we need to hear them again. Please keep the debate moving forward. Best wishes Tom

This is a comment about several entries.

I am enjoying these lucid compositions, particularly the skill with which you avoid polarising issues through demonisation and beatification, both of which seem to be on the rise in economic and political debate.

I am so strongly reminded throughout of ‘All My Sons’, ‘The Invisible Man’ and ‘Invisible Man’. It does not matter if history or literature has already provided us with powerful narratives, we need to hear them again.

Please keep the debate moving forward.

Best wishes

]]> By: CrisisMaven http://www.thomaspalley.com/?p=164#comment-136555 CrisisMaven Thu, 18 Mar 2010 21:23:33 +0000 http://www.thomaspalley.com/?p=164#comment-136555 This "fear of deflation" is largely nonsensical. Deflation does not keep people from spending – they always spend what's necessary. And money NOT "spent" is then saved which means it is credit to someone who invests it for capital goods etc. thus it is again being spent, only not for consumption. Money never lies completely idle to any extent whether there's inflation, deflation, stability or a solar eclipse. For deflation to seriously happen, not only the current extreme credit expansion by the central banks and states (through "quantitative easing", stimulus packages, monetising and then spending national debt etc.) but also the money that was released into the economy PRIOR to the collapse would have to be "mopped up" again. This is nowhere to be seen nor would it be technically possible (confiscation aside) <a href="http://crisismaven.wordpress.com/2010/03/18/economic-fallacy-iii-looming-deflation/" rel="nofollow">so we will rather see inflation than deflation</a>. This “fear of deflation” is largely nonsensical. Deflation does not keep people from spending – they always spend what’s necessary. And money NOT “spent” is then saved which means it is credit to someone who invests it for capital goods etc. thus it is again being spent, only not for consumption. Money never lies completely idle to any extent whether there’s inflation, deflation, stability or a solar eclipse. For deflation to seriously happen, not only the current extreme credit expansion by the central banks and states (through “quantitative easing”, stimulus packages, monetising and then spending national debt etc.) but also the money that was released into the economy PRIOR to the collapse would have to be “mopped up” again. This is nowhere to be seen nor would it be technically possible (confiscation aside) so we will rather see inflation than deflation.

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