NP - Germany Won't Budge on Austerity: Economic Suicide is Character Building

[David Morris]

Laregest influence = policy driver.  Tell those countries forced into
austerity that money is easy.

On Tuesday, October 14, 2014, alice malice <alicewmalice at gmail.com> wrote:

> But if austerity is a monetary policy, how can Germany be at fault?
>
> Sure, Germany has an influence on the Bank, a large influence, and it
> is the largest economy in the EU, but it can't set monetary policy.
>
> Moreover, monetary policy in the EU is not tight but loose or easy.
>
> On Tue, Oct 14, 2014 at 6:16 PM, David Morris <fqmorris at gmail.com
> <javascript:;>> wrote:
> > Austerity: tight governmental monetary policy, with the immediate goal of
> > reducing deficit spending/balances, out of fear of debt (but for no good
> > reason), assuming (wrongly) that debt will produce unstoppable inflation.
> >
> > On Tue, Oct 14, 2014 at 4:19 PM, alice malice <alicewmalice at gmail.com
> <javascript:;>>
> > wrote:
> >>
> >> How does one define austerity? The word is tossed about by all sides,
> >> but at cross purposes and no serious definition is agreed upon. Is
> >> Germany doing enough? Is France, Italy, Spain ...doing enough? Is a
> >> political and fiscal solution feasible? What of the Bank? The Germans
> >> are paying a dear price for the political failures of other nations
> >> and for the geopolitical conflicts, the sanctions and so on. Now, it
> >> is close to a tipping point.All of this is good for the US, as the US
> >> is unwinding its massive QE, and US rates are being driven lower, the
> >> dollar higher. Well, that's the weight of an Empire. Germany must see
> >> this and it must make them angry, but pawns and knights are not
> >> queens. That's the game, Germany is responsible, with the Russians,
> >> for the chess board, so it goes.
> >>
> >> On Mon, Oct 13, 2014 at 9:07 AM, David Morris <fqmorris at gmail.com
> <javascript:;>> wrote:
> >> > Clearly this response shows the weakness of the Euro: the "Union" is a
> >> > farce.
> >> >
> >> > But Germany won't be able to stand alone for long.  If Europe is
> >> > screwed, so
> >> > is Germany.
> >> >
> >> >
> >> >
> >> > On Mon, Oct 13, 2014 at 3:53 AM, Kai Frederik Lorentzen
> >> > <lorentzen at hotmail.de <javascript:;>> wrote:
> >> >>
> >> >>
> >> >> On 12.10.2014 12:09, alice malice wrote:
> >> >>
> >> >> Europe is screwed. And Germany is only doing what it needs to do to
> >> >> get in a better position to recover over the longer term.
> >> >>
> >> >>
> >> >> Amen!
> >> >>
> >> >
> >> -
> >> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
> >
> >
>
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