Re: dia-list Digest, Vol 108, Issue 24

[Andrey Repin <anrdaemon freemail ru>]

Greetings, Marshall Feldman!

> So I only have one further comment:
> > Date: Thu, 25 Apr 2013 02:34:22 +0400
> > From: Andrey Repin <anrdaemon freemail ru>
> > > ... If you want to see an example, look at Figure 9.3 on p. 175 of 
> > > this paper 
> > > <http://www.debtdeflation.com/blogs/wp-content/uploads/papers/9780230_203372_10_cha09.pdf>.
> > :D I like overcomplication of very simple things. Thanks for a good laugh.
> >
> > Date: Wed, 24 Apr 2013 18:47:33 -0400
> > From: Alejandro Imass<aimass yabarana com
> ...
> > Just a though: if centrals banks are able to create inorganic money
> > that is not backed up by anything more than their word and if the
> > private banks can make up money out of thin air whilst guaranteeing
> > only 10% in deposits, and the ever increasing debt is solved by adding
> > more debt, then there are no need for any sort of charts to explain
> > how it works because it's fundamentally broken. The chart should be a
> > big box with an X in the middle the label "Flawed" and a start-over
> > line pointing to a box called Hayek!
> One would hope that simple things would be obvious: that even a simple 
> model of money in the economy reveals certain truths,  that banks 
> sometimes make money "out of thin air," or that the system is "broken" 
> (or at least does not work the way most would want it to work). But then 
> sometimes even the smartest folks do not see the obvious 
> <http://www.youtube.com/watch?v=PWen53eqmJo>, particularly when it is in 
> a discipline dominated by ideology masquerading as science 
> <http://www.remappingdebate.org/article/us-universities-failing-grade-economics>.

http://hazeron.com/economy.html
A very good reading to understand, how real economy works.

> Thanks again for all your help.

>      MF


--
WBR,
Andrey Repin (anrdaemon freemail ru) 26.04.2013, <02:07>

Sorry for my terrible english...