This is a piece of questionable virtue. The basic message is things are terrible in Greece and getting worse. No news there.
Greek Society Unravels Under Austerity Measures
What I see is there are several agendas sponsored by ignorant people.
None of the "serious" proposals are based on reality.
At the Telegraph there is what I think is a pernicious proposal:
IMF's epic plan to conjure away debt and dethrone bankers
So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
21 Oct 2012
| 116 CommentsThe plan is to do away with fractional reserve banking by banks and put it in the hands of the state.
This is supposed to eliminate those frightening sovereign debt numbers.
The phrase is: "Deck chairs on the Titanic".
Krugman bloged today:
An Elite Obsession
David Dayen
makes a very good point, which I missed: during the Hofstra debate, in
which questions were posed by members of the public rather than the
Beltway elite, there wasn’t a single question about the deficit. Not
one. The public really doesn’t care.
And you know what? Neither do financial markets, which continue to lend to the U.S. government at incredibly low rates.
Meanwhile, the results from austerity are in — and it’s now clear that the adverse economic impacts of austerity in a depressed economy are much worse than the elite imagined (although Keynesian economists knew better), and are in fact so severe that austerity is largely self-defeating, having little impact on the budget deficit even in the short run because reduced revenue takes away much of the initial savings. Once you take long-run effects into account, austerity is almost surely self-defeating.
Yet deficit fever, with demands for spending cuts right away, has dominated policy discussion for almost three years, with all the Very Serious People believing that by pounding on this issue they were demonstrating their Very Seriousness."
And you know what? Neither do financial markets, which continue to lend to the U.S. government at incredibly low rates.
Meanwhile, the results from austerity are in — and it’s now clear that the adverse economic impacts of austerity in a depressed economy are much worse than the elite imagined (although Keynesian economists knew better), and are in fact so severe that austerity is largely self-defeating, having little impact on the budget deficit even in the short run because reduced revenue takes away much of the initial savings. Once you take long-run effects into account, austerity is almost surely self-defeating.
Yet deficit fever, with demands for spending cuts right away, has dominated policy discussion for almost three years, with all the Very Serious People believing that by pounding on this issue they were demonstrating their Very Seriousness."
The Krugman column deals with the same matters.
This showed up in The Agonist:
http://agonist.org/salt-lake-city-tribune-endorses-obama-yes-obama/
Salt Lake City Tribune endorses Obama.Yes, Obama
Too many Mitts
In considering which candidate to endorse, The Salt Lake Tribune editorial board had hoped that Romney would exhibit the same talents for organization, pragmatic problem-solving and inspired leadership that he displayed here more than a decade ago. Instead, we have watched him morph into a friend of the far right, then tack toward the center with breathtaking aplomb. Through a pair of presidential debates, Romney’s domestic agenda remains bereft of detail and worthy of mistrust.My wife and I recently lived in Utah for two years. Salt Lake City is also where presidential candidate Rocky Anderson was mayor. Anderson is, perhaps even more than Green Party candidate Jill Stein, outspoken against the wars and banksters. Utah is a whole lot more than it might appear to outsiders.
Therefore, our endorsement must go to the incumbent, a competent leader who, against tough odds, has guided the country through catastrophe and set a course that, while rocky, is pointing toward a brighter day. The president has earned a second term. Romney, in whatever guise, does not deserve a first.
The Obama poll numbers continue to improve.
We do need to talk.
Sooner is better. As soon as you can is best.
I can then form a plan of action.
Contact is as it has been. Pratt is inactive at this time.
I am never really sure if things are from you or not.
I do not want a credit card. I will get a debit card at need.
Credit without income is a trap.
There are legal clinics for the desperate.
Mesothelioma is not my problem. Mostly I have been sedentary.
Better to ask questions of people you trust who have paid attention to the problem at hand.
A cell phone seems to be the watch of choice.
I am not alone in my desire for a phone that makes phone calls and serves as a broadband portal for a real machine with a comprehensible interface.
I find a camera is more distraction than I want most of the time. Solving the photographic problem interferes with being present in real time.
I am trying to post fewer lines. I mostly do not print things out at this time.
I forget how money hungry computer printers are.
Language is a problem. Nonusers label the specialized language jargon.
Mostly it was not composed to baffle the outsiders but to be concise and
explanatory to fellow practitioners. I forget that others have not been reading the same things I read.
Most of the time Krugman remembers to be readable by the public.
There is often a reason gadgets get surplussed off.
The rules change.
The services change.
Repair or maintenance supplies become unavailable.
Walled gardens are rules sets as are pay walls.
Advertisers insist on more access.
Be very careful of cheap supplies.
Understand the why of them.
I would guess the auto industry sales would be a very sensitive indicator of American perception of the economy.
Member Support has not given up. They are still phishing.
The nights have been quiet recently. There seem to be fewer alarm company yard signs. How about a few sensors and an auto-dialer. Maybe a nanny cam and motion sensing. I can do it cheaper than any contractor.
How nasty is that area?
A mesh patch was an artery repair.
There are other settlements in law. I hope you are fairly treated and this is the end of the matter.
I really can't and will not try to see the details as they develop.
I must get to the social security office tomorrow/ today.
This business of a dark screen is very confusing.
I think the content is posted and head to bed. It was not.
.
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