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2701 [lbo-talk] interviewee on Germany -- rank: 1000

On Oct 22, 2010, at 7:09 PM, Angelus Novus wrote: > Georg Fülberth Wow. I see here http://www.lunapark21.net/redaktion/personalia_gf.html that he wanted to create a German LBO. I think I may have failed him in helping out. I feel guilty. Doug

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Author:	Doug Henwood
Date:	Fri Oct 22 18:05:17 PDT 2010

2702 [lbo-talk] me against the right -- rank: 1000

On Oct 22, 2010, at 1:22 PM, 123hop at comcast.net wrote: > " He sees/they see no risk in deflation - recall that he said that deflation is a good thing. That's bonkers." > > No, it's not. He's just thinking of himself, and he's rich. But that wasn't the argument he was making. He was arguing that it's good for everyone.

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Author:	Doug Henwood
Date:	Fri Oct 22 10:38:38 PDT 2010

2703 [lbo-talk] how to write about a fat guy without saying that he's fat... -- rank: 1000

...until the last sentence, that is: <http://www.theawl.com/2010/10/governor-chomps-down-on-president> Governor Chomps Down On President by Alex Balk on October 22nd, 2010 New Jersey governor Chris Christie, who has become his party's great big hope since his election last November, sat around yesterday to chew the fat with Brian Williams. Christie whose popularity seems to swell every time he blusters at a public servant or anyone really; there's no head Christie is afraid to bite off is ...

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Author:	Doug Henwood
Date:	Fri Oct 22 07:17:12 PDT 2010

2704 [lbo-talk] me against the right -- rank: 1000

On Oct 22, 2010, at 9:59 AM, Wojtek S wrote: > Doug: "Even the neolibs would be very uncomfortable with unemployment > stuck around 10% - not to mention drifting higher." > > [WS:] So why are they pushing for policies that will have that > effect? I do not think they are stupid, I think they know the risks > but go ahead anyway (UK is the prime example.) Why? Is it the > Russian roulette player's mentality (I may die, but if I do not, I may > win big time?) ...

Document Size:	5846
Author:	Doug Henwood
Date:	Fri Oct 22 07:11:49 PDT 2010

2705 [lbo-talk] me against the right -- rank: 1000

On Oct 22, 2010, at 9:35 AM, Jim Farmelant wrote: > And on the other hand, wasn't one of Keynes's arguments > for expansionary fiscal and monetary policies, the notion > that such policies would cause price inflation which, since > wage hikes would lag behind, result in lower real wages > (as opposed to money wages), thereby encouraging > businesses to begin hiring workers? The point was to turn deflation into a mild inflation. The moment the U.S. economy began recovering in 19 ...

Document Size:	5089
Author:	Doug Henwood
Date:	Fri Oct 22 06:50:14 PDT 2010

2706 [lbo-talk] interviewee on Germany -- rank: 1000

Any suggestions - Angelus? - for someone to interview on my radio show about Germany's intense commitment to extreme sadomonetarism? What material interests are served by driving the periphery of Europe into the tank? How much is it ideology, and how much self-interest? I'd prefer someone with some actual evidence to someone with a lot of attitude. Doug

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Author:	Doug Henwood
Date:	Fri Oct 22 06:44:10 PDT 2010

2707 [lbo-talk] in defense of hipsters -- rank: 1000

I really like this: http://www.theawl.com/2010/10/being-a-hipster-is-an-excellent-and-wonderful-thing

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Author:	Doug Henwood
Date:	Fri Oct 22 06:29:52 PDT 2010

2708 [lbo-talk] Moe Tucker elaborates -- rank: 1000

<http://www.theawl.com/slug/things-people-say> THINGS PEOPLE SAY "I disagree with spending / borrowing / printing damn the torpedoes, full speed ahead! I disagree with the 'we won' attitude, which is the cowardly way of saying fuck you. I disagree with an administration that for twenty months blames Bush. If the president and his minions are so damn smart, why didn't they know the severity of the situation? The president has actually said (and I saw it on video) that they didn't kno ...

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Author:	Doug Henwood
Date:	Fri Oct 22 06:18:11 PDT 2010

2709 [lbo-talk] me against the right -- rank: 1000

On Oct 22, 2010, at 8:24 AM, Wojtek S wrote: > But let's play a devil's advocate and put undesirable social > consequences aside for a while. If gov monetary policy results in > inflation of asset value, this does little to stimulate the economy - > as the government stimulus sits unproductively. There seem to be only > two ways out of this situation - gov switching to direct purchases > (fiscal policy) - as Richard Koo and Krugman advocate, and deflation > of assets to th ...

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Author:	Doug Henwood
Date:	Fri Oct 22 05:46:52 PDT 2010

2710 [lbo-talk] a question on cameron-clegg (james?) -- rank: 1000

On Oct 21, 2010, at 8:03 PM, SA wrote: > A basic Keynesian analysis would say that Cameron-Clegg's proposed cuts will depress the British economy. On the other hand, the coalition's publicly stated view, I gather, is the standard pro-austerity position: cuts will give confidence to the markets, and somehow that will help the economy recover. My question is: what do Cameron/Clegg really believe? Do they privately accept the likelihood that the cuts will depress the economy but think they can r ...

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Author:	Doug Henwood
Date:	Fri Oct 22 05:41:31 PDT 2010

2711 [lbo-talk] another ignorant question -- rank: 1000

On Oct 21, 2010, at 11:46 PM, Jeffrey Fisher wrote: > noted in the Economist's weekly roundup: > > *Hedge funds* saw assets jump by a total of $120 billion in the third > quarter, the biggest rise in three years, according to Hedge Fund Research, > which monitors the industry s performance. Total assets invested in the > hedge-fund industry stood at $1.77 trillion. > > What exactly is the significance of this? Is the asset growth a combination > of new investment and b ...

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Author:	Doug Henwood
Date:	Fri Oct 22 04:41:09 PDT 2010

2712 [lbo-talk] me against the right -- rank: 1000

On Oct 21, 2010, at 11:35 PM, Jeffrey Fisher wrote: > Maybe I wasn't clear about this, or maybe it's an obnoxious question, and I > should just go read the book, but I'm not sure that would help me. I'm > trying to understand, *if* the guy accurately predicted the bust, do we have > a way of explaining how his paradigm is wrong but his results were right > (this time)? I'll be charitable and say that Austrian economics has a point or two. Extended credit booms end in sadness. But ...

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Author:	Doug Henwood
Date:	Fri Oct 22 04:37:09 PDT 2010

2713 [lbo-talk] me against the right -- rank: 1000

On Oct 21, 2010, at 8:58 PM, Wojtek S wrote: > He did have a point > that if there is productivity growth, the outcome of that growth has > to go somewhere. So where does it go? A profitability boom and a surge in rentier incomes. > You did not really answer this > question, you just made a reference to the BLS stats, to which he > countered that they are bogus. He did not elaborate, but if we pursue > his inflation claim, it follows that the value of output (i.e. > a ...

Document Size:	5594
Author:	Doug Henwood
Date:	Thu Oct 21 18:11:26 PDT 2010

2714 [lbo-talk] Obama cancels trip because Americans can t tell Sikhs from Muslims -- rank: 1000

On Oct 21, 2010, at 5:14 PM, Marv Gandall wrote: > > http://fullcomment.nationalpost.com/2010/10/21/obama-cancels-trip-because-americans-cant-tell-sikhs-from-muslims/#ixzz131t2rV1A Structure, system, objective forces, yadda yadda, the guy is worthless.

Document Size:	5426
Author:	Doug Henwood
Date:	Thu Oct 21 17:47:16 PDT 2010

2715 [lbo-talk] me against the right -- rank: 1000

On Oct 21, 2010, at 2:17 PM, Chuck Grimes wrote: > Would one of you please post a link to this debate. I clicked on the original > e-mail and got the blog, but no link to audio or video... there are links at the blog

Document Size:	4717
Author:	Doug Henwood
Date:	Thu Oct 21 11:22:53 PDT 2010