tag:blogger.com,1999:blog-3269720973556763912.post6495144853118892924..comments2020-02-08T11:38:25.753-08:00Comments on the intentional marketplace: Neoliberalism is a Codependent RelationshipBecky Hargrovehttp://www.blogger.com/profile/06893439243744595860noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3269720973556763912.post-81065521490826169682016-04-11T18:23:18.563-07:002016-04-11T18:23:18.563-07:00Put simply, give up
1) You seem to think deflatio...Put simply, give up<br /><br />1) You seem to think deflation has a place in economics. Not when 85% of your economy are services for which deflation is not a choice or option. Medicine, law, and haircuts have too large a labor component to get cheaper w/o reducing the incomes of those providing the services<br /><br />Last, deflation terrorizes animal spirits, for it cuts prices and raises interest rates (costs) at the same time.<br /><br />2) trade is a zero sum game. if China makes a widget the job is in China and the only way we can buy such is providing collateral in the form of a treasury bond or note. Warren Buffett and Munger have explained the hocking part of the farm many times but this simple lesson is last on too many of my fellow members of the AEA<br /><br />3) read Jefferson and Madison. High progressive taxes are essential to democracyJohn L. Davidson, Esq., Saint Louis, Missourihttps://www.blogger.com/profile/06489381481280010964noreply@blogger.com