tag:blogger.com,1999:blog-5713178645208582139.post2462887330035318290..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: There is No Debt Crisis In EuropeDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5713178645208582139.post-79545521845921336122013-06-05T16:14:21.489-05:002013-06-05T16:14:21.489-05:00Dear anonymous, from the European periphery viewpo...Dear anonymous, from the European periphery viewpoint I can tell you that there is a difference between and expansionary and a deflationary policy: in the former you will mantain your factories going and people working, while in the latter they are closed and lost forever. <br />I may agree that the state can spend better in many cases but is it always spending in real economy which is private MaxZhttps://www.blogger.com/profile/03464302708858293279noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-43700658051507862362013-06-02T23:48:14.437-05:002013-06-02T23:48:14.437-05:00The Eurozone unemployment rate of 12.1% cannot bea...The Eurozone unemployment rate of 12.1% cannot beat America's Obamacare issue. Majority of the small businesses would not want to have more than 49 employees. The health care cost is too much. I hope economic issues get solved by real economists and not by bureaucrats or inept and corrupt politicians.Sophia Anne Walkerhttp://www.startupbusinessloans.com/noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-91799843870894375282013-05-02T15:18:54.808-05:002013-05-02T15:18:54.808-05:00Monetary policy is pushing on a string anyway. Rea...Monetary policy is pushing on a string anyway. Read Richard Koo (2009). Fiscal policy needed. QE for the people would work fine.Maxhttps://www.blogger.com/profile/03421761424950393455noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-51336286665269091242013-05-01T16:38:38.343-05:002013-05-01T16:38:38.343-05:00I doubt it. There was no "dot-com" bubbl...I doubt it. There was no "dot-com" bubble anyway. <br /><br />Low interest is a sign of innovation and productivity slowdown. The capital is already spent, there is no other bubble to build up. Either we risk a huge deflation and potential rerise of nationalism or we continue the current muddle through path. I know which one will be chosen. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-37654818562395957582013-05-01T09:22:51.564-05:002013-05-01T09:22:51.564-05:00With all due respect Prof. Beckworth, you're c...With all due respect Prof. Beckworth, you're completely wrong and it's a little scary that you're teaching kids. <br /><br />"[Observers] tend to think of Europe’s current crisis as the result of overspending welfare states. And these states would indeed be better off with lower spending levels and less regulated labor markets. But many of the nations swept up in the euro-zone Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-24137128165194390782013-04-30T23:27:42.795-05:002013-04-30T23:27:42.795-05:00A sovereign nation should never give up control of...A sovereign nation should never give up control of money printing press. What a mistake.<br /><br />Monetary policy is like prophylactics. One size does not fit all, even in Greece. <br /><br />Spain, Italy, Greece, Portugal should quit the ECB, print their own money and lots of it.<br /><br />Sheesh, there is 25 percent unemployment in Spain. And the ECB is talking about inflation?<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-1708847881857908422013-04-30T21:08:03.207-05:002013-04-30T21:08:03.207-05:00Actually Michael Darda is understating things. The...Actually Michael Darda is understating things. The current unemployment rate of 12.1% is almost certainly the highest in aggregate for the 17 nations that comprise the eurozone since the Great Depression. <br /><br />Eurostat has the estimated EA17 unemployment rate going back to January 1995. It reached a peak of 10.9% in the first half of 1997:<br /><br />Eurostat also has the estimated EA12 Mark A. Sadowskihttps://www.blogger.com/profile/08259309059705236763noreply@blogger.com