Monday Message Board

It’s time again, once again, for the Monday Message Board. Post comments on any topic. As usual, civilised discussion and no coarse language. Lengthy side discussions to the sandpit, please.

27 thoughts on “Monday Message Board

  1. @Lemuel Pitkin

    Please read my text. Deficits are not sustained “if they are sustained”. I do not know what this means.

    Deficits are sustained if A and if B.

    A – is exports.

    B – is exchange rate.

    There is no circularity, and I do not know how this obtains from the above.

    As I have already mentioned, you cannot view the current account in isolation from general macroeconomic imbalances.

    I assume you did not read the relevant literature I pointed to. It is in google books.

  2. Like most people on the left (and quite a few on the right it seems) I’m pleased Australia only got one vote at FIFA. YeeHa!

    It was regrettable that $45m was spent on this fandango. On the day I heard this I heard a report from Sind Province, Pakistan. A BBC reporter who had covered the story of a baby born 3 months ago during the flight from the floods had survived … but whose family had no access to government aid, and were, as the winter approached, considering which of the family members would miss out on the blankets while sleeping rough in the ruins of their house.

    Apparently they didn’t have enough money to bribe the government official so they could register for aid. Like many others, they had no choice but to make do with the sub-potable flood waters to drink, cook and wash with. So while the FIFA bidders had money aplenty with which to bribe, the people of Sind province could please themselves about how they survived and which of them would. There wasn’t even one vote at FIFA for them. That makes sense doesn’t it?

    Isn’t it time that the working people of the world began to assertively reconfigure how the wealth they produce is used? I’d say so.

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