Comments on: Who’s Afraid Of A Falling Dollar?

By: WPW

WPW — Sat, 28 Nov 2009 02:01:10 +0000

Hello:
I am a partner on a small process equipment manufacturer’s rep firm in the northeast. Though not an economist, I am a sales engineer with a feet-on-the-street perspective, developed over many years of conducting business. I see Mr. Gagnon’s piece as a narrow, be it purely economic, view of one aspect of “the falling dollar”. Almost a sanitary perspective, that seems to assume all surrounding global free market premises / forces are in place and at work, in perfect economic equilibrium. The reality is that the so called “global market” is anything but free. Our government is now considering law that will encumber our power producing utilities with major financial penalties for every pound of CO2 emitted, while China and India are not even included as participants in the process??? Our manufacturing base is saddled (and rightly so) with the costs associated with being good stewards of our environment, yet we allow import of toxic lipstick, toxic dry wall and other cheaply manufactured products from competing countries (yes, state sponsored companies, i. e., COMPETING COUNTRIES), using state sponsored labor, without the operating costs associated with meeting the requirements of the equivalent of our OSHA and EPA regulated manufacturing practices. I’m not a “protectionist” but I do believe we need to infuse a little “nationalism” in our government’s approach to the global economy, and develop trade policies to rightly level the playing field, if we are to have any chance of reversing the outsourcing of our manufacturing base, which has always been the source of the economic, political and military strength of the United States. As the world becomes more economically capable, it is inevitable that the global standard of living will eventually become more even. I only hope it is achieved more by steadily raising the world’s and less by drastically lowering ours.

By: aldante

aldante — Thu, 19 Nov 2009 17:38:03 +0000

Davos,
I do disagree with your critisim of Simon for allowing this post for the following reason. Your counterpoints prove the article invalid. So if it were not for the article your points may not be heard.

By: aldante

aldante — Thu, 19 Nov 2009 17:31:21 +0000

Brian,
You discredited yourself with comment.

By: aldante

aldante — Thu, 19 Nov 2009 17:26:57 +0000

Davos for Treasury Secretary!!!

By: DavosSherman

DavosSherman — Thu, 19 Nov 2009 03:05:51 +0000

One guy that gets it.

http://www.creditwritedowns.com/2009/11/steve-keen-debt-and-the-economy-how-do-we-pay-for-all-of-this.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+creditwritedowns+(Credit+Writedowns)&utm_content=Google+Feedfetcher

**** Stars.

And for the record, after reading Minsky’s work especially the Pimco summary I was under the impression he was Austrian. I stand corrected.

By: DavosSherman

DavosSherman — Thu, 19 Nov 2009 02:17:18 +0000

4Gs:

http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html

By: aldante

aldante — Thu, 19 Nov 2009 00:35:08 +0000

You are kidding right? I think the CEO’s of C, BAC, GS, AIG, GM, WM, MS, and all the other theifs are counting you being polite.
You think that we don’t suffer from a “case of corruption so naked that it difies comparison?” Where have you been. In real terms the corruption perpetrated by these people and our government redefine corruption.

By: perkurowski

perkurowski — Wed, 18 Nov 2009 22:08:02 +0000

Let us pray you are right. That would be very broadminded of them.

By: DavosSherman

DavosSherman — Wed, 18 Nov 2009 19:02:30 +0000

Hey, I’m for anything that works and is clean. I was under the impression, perhaps incorrectly? that algae was clean.

I am in 100% agreement with you that we are absorbed in other projects that are of a lesser priority.

Sick, we spend millions to bomb the moon?

I sincerely think that future generations will look back at us like we look back at the most primitive life forms and shake their head’s in disbelief.

By: tippygolden

tippygolden — Wed, 18 Nov 2009 18:30:03 +0000

Stats Guy and Davos:

Re: algae for oil and helium airships.

I thought algae was suppose to be a new source for protein or whatever. I’d opt for helium airships before more fuel-intensive carbon-emitting passenger jets.

NASA could do this. Jump start new infrastructure and engineering for low-emission air travel. But they are still absorbed in sending space ships to Mars.

Any hope NASA might some new things to do with all that funding it gets?

By: tippygolden

tippygolden — Wed, 18 Nov 2009 18:26:41 +0000

I thought algae was suppose to be a new source for protein or whatever. I’d opt for helium airships before more fuel-intensive carbon-emitting passenger jets.

Nasa could do this. Jump start new infrastructure and engineering for low-emission air travel. But they are still absorbed in sending space ships to Mars.

By: DavosSherman

DavosSherman — Wed, 18 Nov 2009 18:24:21 +0000

And just for the record: I blogged for CM for just uner a year and I agree with everything he says, but I’m not optimistic (at the end where he says) I believe this is a problem not a predicament.

But ONLY because of the mistakes I see being made over and over and over again right now. If President Obama and Congress would step up the the plate instead of eating off the lobbyist plate and if we’d can the m*r*ns (Summers, Romer, Bernanke, Geithner and the rest) then yes.

This is why I’m so p*o’d. St*pid is doing the same thing over and over again and hoping for a different better result.

Ins*nity is wasting your last resources doing the same thing over and over again and thinking there will be more resources to eventually do the same thing and fix it.

By: DavosSherman

DavosSherman — Wed, 18 Nov 2009 18:17:58 +0000

And just for the record: I blogged for CM for just uner a year and I agree with everything he says, but I’m not optimistic (at the end where he says) I believe this is a problem not a predicament.

But ONLY because of the mistakes I see being made over and over and over again right now. If President Obama and Congress would step up the the plate instead of eating off the lobbyist plate and if we’d can the morons (Summers, Romer, Bernanke, Geithner and the rest) then yes.

This is why I’m so po’d. Stupid is doing the same thing over and over again and hoping for a different better result.

Insanity is wasting your last resources doing the same thing over and over again and thinking there will be more resources to eventually do the same thing and fix it.

By: DavosSherman

DavosSherman — Wed, 18 Nov 2009 18:01:10 +0000

Whose work I believe in:

By: StatsGuy

StatsGuy — Wed, 18 Nov 2009 17:06:50 +0000

Actually, I believe helium airships have a pretty decent safety record.