Greziar tragediaz – Heterodoxia

Alain Parguez-ek: ABOUT THE GREEK TRAGEDY¹

Tantatxoak (Ingelesez. Berdez, gurea).

1) Ezjakintasuna oso hedatuta dago

“Greek and Spanish (and Basque) people have been fooled by ex nihilo demagogs advised by arrogant ignorants. Mr Varoufakis ignores the Monetary Circuit, MMT and all macroeconomics as well. He believes that Central Bank have to borrow money, he ignores what role the State has to play in the Monetary Circuit. I must say that any of you will do a better job. Mr Varoufakis is piling up ignorance and policy mistakes. To denounce the “Troika” experts is aggregating an international organization, the International Monetary Fund (IMF), the European Commision lacking any decision power and the weird European Central Bank (ECB). Mr Varoufakis ignores that the ECB is an oligarchy of independent Central Banks (including the Greek one) in which “Frankfurt” has only four seats.”

2) Zertan datza afera?

“… what is at stakes is the mysterious debt to the Governments and to the IMF. It is the outcome of the run to the abyss of the Euro system. In order to maintain banks net worth, the ECB imagined an absurd system: France and Germany (mainly) will borrow to private banks, thereby raising their own debt. Proceeds will be financing loans to Greece (Spain, Italy, Portugal, etc.), which would reimburse of share of its debt, in fact paying interests. Ultimately, this strange system generated a rise in the aggregate public debt of States, encompassing the public debt of both France and Germany plus debt of Greece to lending countries.”

3) Euroaren zeregina

“The Euro was created to impose austerity, the dismantling of States, the rule of finance. It is as I wrote a laboratory experiment which [h]as its own logic. Mrs Merkel and Mr Hollande understand that Mr Varoufakis is the sole who believes that Euro has been built for the people.”

Noiz ulertuko dituzte goiko aipuak Europako ‘ezkertiarrek’?

Ezina ote hori ulertzea?

1 Ikus http://www.retemmt.it/scienze-sociali-mmt/item/442-about-the-greek-tragedy.

Iruzkinak (3)

joseba says:

2015/03/03 at 09:32

W. Mosler and A. Parguez:

Warren Mosler comments on Keynes blog, Italy

http://moslereconomics.com/2012/12/09/my-response-to-a-post-on-an-italian-keynes-blog/

“With regard to circuit theory, when I first met the Post Canadians in the mid 1990′s who I very much respect, especially the M&M’s (Mario and Marc), and read a bit of circuit theory, it seemed so ‘intuitively obvious’- a case of ‘goes without saying’- I wondered why it was even worth writing about! And my first comment was that while I fully agreed with what they were saying, it didn’t ‘start from the beginning’ in that it began with firms borrowing to pay workers, but never discussed why anyone would work for the currency in the first place. I explained to them that it about the currency being a simply public monopoly, with tax liabilities the ‘driving force’ behind the ‘government circuit’ where, at the macro level, taxation creates sellers of real goods and services, including labor, which is why people work for businesses, etc. Professor Alain Parguez immediately picked up on this and added it to his model in his next paper, only to be severely criticized and isolated by much of the ‘Circuitist’ community for many years! Most came around to accept it over the years, though some continue to fail to do so.”