http://www.amazon.com/exec/obidos/tg/detail/-/1567510922/002-8576040-8226464?v=glance
My effort to better educate the forum on the free exchange of ideas outside the boundaries of what you se on Fox News.
Read the Chomsky book and talk to me about it.
It'll drive the conservatives nutty.
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Disclaimer:
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
Ill take that into consideration. It is in a long list of books that I have on the must read list though.
If you havent already, you should read Adam Smith's Wealth of Nations.
If you havent already, you should read Adam Smith's Wealth of Nations.
In tenth grade :)
The Chomsky book is a lot more accessable and short. Easy reading.
Edited, Sat Jun 12 01:11:43 2004 by Smasharoo
The Chomsky book is a lot more accessable and short. Easy reading.
Edited, Sat Jun 12 01:11:43 2004 by Smasharoo
Disclaimer:
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
Easy reading is not always the best reading. Wealth of Nations (WoN) is long winded, but to the interested party, very entertaining
Like any book though, WoN should be read again, even though it may seem like a chore. Ive found that I missed a lot of things in books that I read in high school.
Do you read anything in the theological field? Ive been meaning to read the Qu'ran. I was supposed to read it for a history class, but
I shrugged it off like an unimportant assignment and now I regret it.
Like any book though, WoN should be read again, even though it may seem like a chore. Ive found that I missed a lot of things in books that I read in high school.
Do you read anything in the theological field? Ive been meaning to read the Qu'ran. I was supposed to read it for a history class, but
I shrugged it off like an unimportant assignment and now I regret it.
I'm surprised not see you touting It Takes a Village by your mentoress, Hillary, Smash. You two are in intellectual lockstep.
Totem
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Quote:
I'm surprised not see you touting It Takes a Village by your mentoress, Hillary, Smash. You two are in intellectual lockstep.
Totem
Totem
We discussed that one last meeting. Do try to keep up and not miss anymore, hmmmm?
Sorry.
Speaking of Hillary, have you seen that picture of her shaking hands with some trooper for a photo op and with his non-shaking hand he's making the "I'm being coerced" sign they teach in Survival school? It's quite funny.
Totem
Speaking of Hillary, have you seen that picture of her shaking hands with some trooper for a photo op and with his non-shaking hand he's making the "I'm being coerced" sign they teach in Survival school? It's quite funny.
Totem
Quote:
Speaking of Hillary, have you seen that picture of her shaking hands with some trooper for a photo op and with his non-shaking hand he's making the "I'm being coerced" sign they teach in Survival school? It's quite funny.
Link it if you can. I would love to see that.
I'll look for it in the AM. Time for this ol' dog to get some sleep. Ciao, you migrant worker, you.
Totem
Totem
I'll look for it in the AM. Time for this ol' dog to get some sleep. Ciao, you migrant worker, you.
Totem
Totem
I love it when you talk dirty to me.
Can we play Teacher/student next time?
Can we play Teacher/student next time?
Um read a book but then how would I have my decisions made for me. doh wooh flashback forgot I changed parties to democrat.
29 posts
Globalization and Its Discontents - Joseph Stiglitz
I was given this book by a lefty idealist friend for my birthday in an attempt to reign in my free market views a little. Its actually written by an ex-chief economist of the World Bank, and is well argued. It altered my perspectives a bit. Though to be fair even Stiglitz feels that the IMF and World Bank can be a force for good with the right policies. Which is my view also.
Whilst the book does explain some economic terms, I imagine that a healthy understanding of economic theory would be desirable before reading it. (At least if you want to read it quickly.)
It can get a bit repetitive in places too.
My summary:
The IMF ****** up, in a number of different countries, by blindly applying basic economic theory (with all its underlying assumptions.)
My understanding of what Stiglitz's key lessons learned for the IMF are:
Privatisation - Can be beneficial. However its not good unless there is sufficient regulation in place to prevent abuses of monopoly power by newly privatised companies. (Think Russian Oligarchs)
Free flow of capital - Can be beneficial, but not in fragile emerging market economies. Limited capital controls over hot money flows can actually increase market stability. (Malaysia vs Thailand)
Bailouts - Lending huge piles of money to countries which are then used to bail out western creditors is not sound economics, as it distorts the risk vs reward equations banks use when lending to emerging economies. Banks that make bad lending decisions should be forced to eat the bad debts that arise, they shouldn't be bailed out by developed world taxpayers.
Employment - Is a key factor in economic models and should be included when considering what the best policy might be for a given country. Many past IMF policies have not taken employment levels into account.
Fiscal policy - Enforcing contractionary fiscal policies on countries in a downturn isn't fair. The US and European countries regularly use fiscal stimulus to try and soften/prevent recession, and it oftens works for them.
I was given this book by a lefty idealist friend for my birthday in an attempt to reign in my free market views a little. Its actually written by an ex-chief economist of the World Bank, and is well argued. It altered my perspectives a bit. Though to be fair even Stiglitz feels that the IMF and World Bank can be a force for good with the right policies. Which is my view also.
Whilst the book does explain some economic terms, I imagine that a healthy understanding of economic theory would be desirable before reading it. (At least if you want to read it quickly.)
It can get a bit repetitive in places too.
My summary:
The IMF ****** up, in a number of different countries, by blindly applying basic economic theory (with all its underlying assumptions.)
My understanding of what Stiglitz's key lessons learned for the IMF are:
Privatisation - Can be beneficial. However its not good unless there is sufficient regulation in place to prevent abuses of monopoly power by newly privatised companies. (Think Russian Oligarchs)
Free flow of capital - Can be beneficial, but not in fragile emerging market economies. Limited capital controls over hot money flows can actually increase market stability. (Malaysia vs Thailand)
Bailouts - Lending huge piles of money to countries which are then used to bail out western creditors is not sound economics, as it distorts the risk vs reward equations banks use when lending to emerging economies. Banks that make bad lending decisions should be forced to eat the bad debts that arise, they shouldn't be bailed out by developed world taxpayers.
Employment - Is a key factor in economic models and should be included when considering what the best policy might be for a given country. Many past IMF policies have not taken employment levels into account.
Fiscal policy - Enforcing contractionary fiscal policies on countries in a downturn isn't fair. The US and European countries regularly use fiscal stimulus to try and soften/prevent recession, and it oftens works for them.
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