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Until I figure out how to un-close it, at least.

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So yeah.

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Total Members Voted: 0

Voting closed: May 01, 2014, 02:06:40 pm

[Darvi]

"Let's pretend we can do better: the Bay12 Economics Argument Thread"

[mainiac]

We really need a thread about economics.

Please just preemptively get me banned before you start one.

[Xeron]

What was its name? The Nabucco pipeline or something? Does it matter?

It does, because the region would be more independent from Russia, seeing as we wouldn't be forced to import gas from them anymore.Not to mention the money that was wasted during the construction .

[Sheb]

But you mentioned that alternative pipeline to Italy. Doing the same thing, amirite?

[GreatJustice]

The Japanese have been engaging in Keynesian stimulus for the past, oh, twenty years or so. It's not like they tried anything else, unless you think a 250% debt to GDP ratio and near 0% interest rates are examples of a hands-off economic policy.

You always do guilt by association.  Here is bad thing!  Thing I associate with left does bad thing!  Thing I associate with left bad!

No effort to understand, no economic model, no predictive value, just the true believers views.

Are you making an argument, or trying to write poetry? If the latter, that's an okay start, but if that's the latter you might want to make an actual statement instead of vaguely pointing in the direction of specific statistics with no purpose.

[Xeron]

Except they left Eastern Europe with nothing but a big hole in the wallet.We still depend on Russia because of this

[Ukrainian Ranger]

Clearly EU invaded post-USSR

I really think this should be post-USSR or Russia and neighboring countries it bullies thread

Eastern Europe belongs to Sheb's thread

[XXSockXX]

Actually that is exactly the opposite conclusion of what mainstream economics tells us.

American mainstream economics that is. Of course you can just print money and pile up debt if you have the economy to eventually get out of debt at some point.

And that's not remotely a characterization of American mainstream economics.  Nor is what I'm talking about an American invention, I'm talking about ideas in the English tradition that are used in every successful economy in the world, including Europe up until recently.  The US is actually notable for being half hearted in it's approach.

With the demographic changes in Europe however, going farther and farther into debt is going to make things far worse in the future, as our welfare systems become increasingly less sustainable, with less people having to pay for more (including the increasing debt and interest).

Try looking at the Japanese for a moment.  Their demographic shifts are far worse but they recently made a strong move to implement vanilla mainstream new-Keynesian thought and it's having exactly the effects that the mainstream has predicted.

I'm going to unilaterally move this to the Eurothread then.

-------------
In Eastern European news: Yanukovych is going to use all his political weight to get Crimea back.

[Ukrainian Ranger]

Yay. Russian diplomats are the best diplomats in the world

I think Russia opened a can of worms by leaking phone conversations in Internet, not they get the same thing back

[Owlbread]

"Cattleland" = Scotland? What? Is that a joke at our expense or did he just not pronounce it properly?

[Guardian G.I.]

"Cattleland" = Scotland? What? Is that a joke at our expense or did he just not pronounce it properly?

In Russian, "skot" (скот) means "livestock". Apparently, the Russian diplomat pronounced Scotland as it is written in English. Scotland is "Shotlandiya" (Шотландия) in Russian.
Anyway, I guess Russian ambassadors to Eritrea, Malawi and Zimbabwe hold a very high position in the Bloody Regime if their phonecalls get intercepted.

[Knit tie]

We have an economics thread now, please post your "Germany is evil" talks there.

[Owlbread]

In Russian, "skot" (скот) means "livestock". Apparently, the Russian diplomat pronounced Scotland as it is written in English. Scotland is "Shotlandiya" (Шотландия) in Russian.

That makes sense. I always knew Scotland in Russian as Шотландия (though I say "Shatlandiya" because we learned Muscovite accents) with the obvious German influence, it was just weird with the Cattleland bit.

Anyway, I guess Russian ambassadors to Eritrea, Malawi and Zimbabwe hold a very high position in the Bloody Regime if their phonecalls get intercepted.

Well, the Russian ambassador to Tuvalu certainly matters quite a lot. Some of these states are the only ones in the world that recognise Russia's puppet states like South Ossetia and Abkhazia.

[Helgoland]

We have an economics thread now, please post your "Germany is evil" talks there.

To be fair, a lot of Eastern Europe discussions involve that as well.

[BlindKitty]

On a Crimean note: Russia is threatening to place nuclear weaponry there, because NATO is seemingly threatening them...