A recent paper from Roger Vicquéry and Professor Kevin Hjortshøj O’Rourke on the Bank of England’s blog Bank Underground, introduces a modification to Ilzetzki, Reinhart and Rogoff’s work (2019) that concludes that free-floating exchange rate regimes post-Bretton Woods are fewer than thought.
Mark, the "Free Trade" mantra the economists love to talk about is just academics, that is all. It doesn't work in real life just like communism doesn't work in real life. Sounds good on paper or as theories.
England in the mid 1800's was us in the mid 1900's. On top of the world so to speak. When they went full in on the "Free trade" gig after repeal of the Corn Laws in 1846 it was to the bottom and has been for England ever since. BUT, it does make great profits still for London, at the detriment of the English people.
However, not to fear England, it will soon be gone too. England will be multi-cultural. Another piece good in theory but doesn't work either.
Remember in the early 1900's the world was crazy too? The "intellectuals" loved Marx/Lenin and then Stalin. The "titans of business" loved Hitler, and Mussolini, and the average common people loved FDR.
hmmmmmm how did that turn out. I think FDR was the better pick pf the lot. He wasn't full lefty communist which means don't let people create and be greedy. This is bad and must be tampered down. Or the "Titans" who say greed is good! let her run! Let us make all of our money. FDR stayed in the middle ground and said no greed is not good, and neither is keeping the creative God given talents of people to want to do better tampered down good either. It's in the middle FDR understood, AND saved capitalism too! It was dying then too. The "common folk" who were on the ground and lived by their wits, not pampered like academia or business tycoons, knew where they wanted to go and we did thank God.
The University = The "New Religion" (The religion of nihilism)
Mark, the "Free Trade" mantra the economists love to talk about is just academics, that is all. It doesn't work in real life just like communism doesn't work in real life. Sounds good on paper or as theories.
England in the mid 1800's was us in the mid 1900's. On top of the world so to speak. When they went full in on the "Free trade" gig after repeal of the Corn Laws in 1846 it was to the bottom and has been for England ever since. BUT, it does make great profits still for London, at the detriment of the English people.
However, not to fear England, it will soon be gone too. England will be multi-cultural. Another piece good in theory but doesn't work either.
Remember in the early 1900's the world was crazy too? The "intellectuals" loved Marx/Lenin and then Stalin. The "titans of business" loved Hitler, and Mussolini, and the average common people loved FDR.
hmmmmmm how did that turn out. I think FDR was the better pick pf the lot. He wasn't full lefty communist which means don't let people create and be greedy. This is bad and must be tampered down. Or the "Titans" who say greed is good! let her run! Let us make all of our money. FDR stayed in the middle ground and said no greed is not good, and neither is keeping the creative God given talents of people to want to do better tampered down good either. It's in the middle FDR understood, AND saved capitalism too! It was dying then too. The "common folk" who were on the ground and lived by their wits, not pampered like academia or business tycoons, knew where they wanted to go and we did thank God.
The University = The "New Religion" (The religion of nihilism)