Comments on: Stop the madness now! http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html a finance news and opinion site Tue, 09 Feb 2010 23:29:54 +0000 hourly 1 By: A few thoughts about the limitations of government - Credit Writedownshttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-9500 A few thoughts about the limitations of government - Credit Writedowns Fri, 29 Jan 2010 02:37:17 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-9500 [...] should government be? How policy helps frame the debate Where we are headed In a recent post, “Stop the madness now!” I voiced my growing concern with the direction in which the country is headed. I am not alone in [...] [...] should government be? How policy helps frame the debate Where we are headed In a recent post, “Stop the madness now!” I voiced my growing concern with the direction in which the country is headed. I am not alone in [...]

]]> By: The year in review at Credit Writedowns – Stimulus - Credit Writedownshttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-8547 The year in review at Credit Writedowns – Stimulus - Credit Writedowns Tue, 22 Dec 2009 19:33:54 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-8547 [...] speaking, the policy choices in a deep downturn are the ones I outlined last month in “Stop the madness now!.” You have four [...] [...] speaking, the policy choices in a deep downturn are the ones I outlined last month in “Stop the madness now!.” You have four [...]

]]> By: A look back at the debate on the role of monetary and fiscal stimulus in depression « naked capitalismhttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-8521 A look back at the debate on the role of monetary and fiscal stimulus in depression « naked capitalism Tue, 22 Dec 2009 15:47:45 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-8521 [...] Broadly speaking, the policy choices in a deep downturn are the ones I outlined last month in “Stop the madness now!.” [...] [...] Broadly speaking, the policy choices in a deep downturn are the ones I outlined last month in “Stop the madness now!.” [...]

]]> By: francisfrombelgiumhttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7683 francisfrombelgium Mon, 23 Nov 2009 02:49:18 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7683 I have posted this question in Naked Capitalism but as there are dozens of questions I guess I have more chances to get an answer herei<br><br>Even if private debt is purged and reaches a more reasonable level within 5 years thanks to a significant increase of private savings, how will you then start to reduce fiscal deficit without restarting the "private debt - credit economy" rationale?<br><br>You suggest that deleveraging private debt and purging malinvestment would allow the resetting and restarting of the machine, but in a globalized economy where developped countries are all playing the game of unit labour cost deflation, how will you then increase aggregated demand in the middle and long term without increasing the household debt/GDP rate? I have posted this question in Naked Capitalism but as there are dozens of questions I guess I have more chances to get an answer herei

Even if private debt is purged and reaches a more reasonable level within 5 years thanks to a significant increase of private savings, how will you then start to reduce fiscal deficit without restarting the “private debt – credit economy” rationale?

You suggest that deleveraging private debt and purging malinvestment would allow the resetting and restarting of the machine, but in a globalized economy where developped countries are all playing the game of unit labour cost deflation, how will you then increase aggregated demand in the middle and long term without increasing the household debt/GDP rate?

]]> By: francisfrombelgiumhttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7225 francisfrombelgium Sun, 22 Nov 2009 19:49:18 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7225 I have posted this question in Naked Capitalism but as there are dozens of questions I guess I have more chances to get an answer herei<br><br>Even if private debt is purged and reaches a more reasonable level within 5 years thanks to a significant increase of private savings, how will you then start to reduce fiscal deficit without restarting the "private debt - credit economy" rationale?<br><br>You suggest that deleveraging private debt and purging malinvestment would allow the resetting and restarting of the machine, but in a globalized economy where developped countries are all playing the game of unit labour cost deflation, how will you then increase aggregated demand in the middle and long term without increasing the household debt/GDP rate? I have posted this question in Naked Capitalism but as there are dozens of questions I guess I have more chances to get an answer herei

Even if private debt is purged and reaches a more reasonable level within 5 years thanks to a significant increase of private savings, how will you then start to reduce fiscal deficit without restarting the “private debt – credit economy” rationale?

You suggest that deleveraging private debt and purging malinvestment would allow the resetting and restarting of the machine, but in a globalized economy where developped countries are all playing the game of unit labour cost deflation, how will you then increase aggregated demand in the middle and long term without increasing the household debt/GDP rate?

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7219 Edward Harrison Sat, 21 Nov 2009 18:53:26 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7219 That's not a question I can answer. The real question is when do we get a self-sustaining recovery i.e. no more need for deleveraging or purge of malinvestment. That's not a question I can answer. The real question is when do we get a self-sustaining recovery i.e. no more need for deleveraging or purge of malinvestment.

]]> By: Vhttp://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7218 V Sat, 21 Nov 2009 08:48:41 +0000 http://www.creditwritedowns.com/2009/11/stop-the-madness-now.html#comment-7218 What level of public sector debt (as % of GDP) would you let the economy reach? What level of public sector debt (as % of GDP) would you let the economy reach?

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