Comments for The Liberty Bullhorn

Comment on How Much More Can Greece Take? by S R Larson

S R Larson — Tue, 21 May 2013 15:22:10 +0000

“You are in effect arguing for status quo, or worse (more Gov).”
Give examples.
The problem that you and other Austrians run into is that you deny the existence of the multiplier. That’s like trying to be a physicist while denying the existence of gravity.

Comment on How Much More Can Greece Take? by anti-sharia

anti-sharia — Tue, 21 May 2013 15:14:50 +0000

You are in effect arguing for status quo, or worse (more Gov).

Your position is overlooking that big-Gov can crowd out wven at such screaming rates as the greek unemployment levels.

- What’s gained by increasing the unproductive sector yet further into debt, waste and disallocation of resources? Aren’t e.g. Greece better of with half its public spending?

Demand, when from borrowing, is no cure.

Anti-sharia

Comment on How Much More Can Greece Take? by Economics and the European Crisis | The Liberty Bullhorn

Economics and the European Crisis | The Liberty Bullhorn — Sun, 19 May 2013 21:19:07 +0000

[…] be the only one to ask how much farther the EU is willing to push its member states. For example, how much more can Greece take before the country […]

Comment on How Much More Can Greece Take? by S R Larson

S R Larson — Sat, 18 May 2013 13:59:36 +0000

You would have a point if there were any private jobs to get. But with 27 percent unemployment and rising, the Greek labor market does not offer any alternatives for government workers. As much as we are both opposed to big government, that is an undeniable economic fact. I think you would find this article helpful:

http://libertybullhorn.com/2012/05/24/why-austerity-spending-cuts-dont-work/

Comment on Inflation Crushing Argentine Currency by S R Larson

S R Larson — Sat, 18 May 2013 13:56:09 +0000

It is always telling to present individual goods in the way you do, because it puts some meat (no pun intended) on the story. You also allude to the fact that some people have a different consumption basket than others. I agree with all this. However, you are under-estimating the economists and statisticians who keep track of prices. Price indexing is a refined science, and its most commonly used inflation rate for the euro zone shows that the 17 euro-area countries have averaged 1.6-2.7 percent inflation since 2010. The higher end of that would be a bit out of the ordinary given the poor GDP performance, but there have been a lot of tax increases over the past few years in the euro zone, which in turn has driven inflation a notch higher than it otherwise would be.

It is not until inflation closes in on five percent that the monetary part takes charge. The euro zone is not there yet, but that does not mean they can’t get there. Your comment provides a narrative that points in the same direction.

Comment on Inflation Crushing Argentine Currency by anti-sharia

anti-sharia — Sat, 18 May 2013 08:13:17 +0000

Great article and I agree entirely with the link betw money printing and socialsim (welfare).

However your final statement is off by a long shot! We have significant Euro-zone inflation. What’s the cost of 10 tomatoes vs 10 years’ ago, double up. A box of cornflakes, double up. A kg of filet meat…and so on. I say its 5-8pc annually.

But worse: what would have been the price of oil (fuel) after the crash of ’08…? I’d say $50 oil is a fair guess. So $90 Texas shows you that ‘stabile prices’ might indeed camouflage huge price increases, ie money bazooka took away a much welcome deflationary effect of the ’08 crash. Instead, prices kept up as more money chased same/less goods.

Anti-sharia