Your HuffPost Blog Post – The Economics of Eurozone Trade Differentials and Fiscal Transfers

The Economics of Eurozone Trade Differentials and Fiscal Transfers

This entry was posted in ECB, EU, Trade. Bookmark the permalink.

8 Responses to Your HuffPost Blog Post – The Economics of Eurozone Trade Differentials and Fiscal Transfers

  1. Stevie says:

    Warren Buffet?

    GW Bush gave Hank Paulson a blank $800 billion check from your future tax dollars to bail out a few thousand banker criminals.

    How far would that have gone to help real Americans?

    Reply

    WARREN MOSLER Reply:

    and, functionally, as previously discussed, it was in fact nothing more than regulatory forbearance, and not a ‘payment’

    Reply

    Unforgiven Reply:

    @Stevie,

    Our “tax dollars” don’t “pay” for anything. See 7DIF on the subject:

    http://moslereconomics.com/2009/12/10/7-deadly-innocent-frauds/

    The first page is blank. Scroll down to read the good stuff.

    Reply

  2. Tyler says:

    Excellent post, Warren.

    Amancio Ortega is Europe’s richest person. I wonder if Europe’s unemployment rate would fall if he gave one million dollars to every European adult living in poverty.

    I have also wondered the same about Warren Buffett and America’s poor.

    Reply

    chewitup Reply:

    @Tyler,
    Not sure what this post has to do with philanthropy. Last I heard, Buffett has given HUGE amounts of money away to charity. Pretty sure Ortega is also very generous.
    The key is to get Ortega to convince the Euro nations to allow a fiscal union.

    Reply

    WARREN MOSLER Reply:

    thought i read on an after tax basis it was about a wash?

    Reply

    Tyler Healey Reply:

    @chewitup,

    If a fiscal union will get money in the pockets of poor people, then I’m all for it. As I see it, the European and American economies will not truly be recovered until poverty is eliminated.

    Reply

    roger erickson Reply:

    @Tyler Healey,

    All depends on the terms.

    The Soviet Union once had a fiscal union. The difference between theory & operations is greater in practice than in theory.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>