(i) ERRESKATEA
Francesc Vilallonga @vilallongapac1
Escandalós: l’Estat només ha recuperat 2.600 dels 51.000M€ del rescat bancari. O sigui, ha costat més de 1.000€/habitant. #atracament
2016 ira. 6
Datua hemen2:
(ii) Hyman Minsky
The Stimulus Our Economy Needs
The U.S. economy needs cash to fund job creation and raise stagnant wages. Calling it “helicopter money” is just counterproductive.
“… Rather than relying on a spotty, limited system of jobless benefits that can leave the unemployed in or close to poverty, wouldn’t it be better to directly create government jobs in areas where the private sector appears to be falling short? Employer-of-last-resort-type policies, as proposed by the economist Hyman Minsky, where the government generates employment in socially useful sectors that are underserved by the private sector alone — including infrastructure, education, health care, child and elderly care, and the arts — could be optimal.”
(iii) EUROGUNEA /BREXIT
Alberto Bagnai: “L’Eurozona sta andando a picco. La catastrofe è l’euro, non la Brexit”3
“La Gran Bretagna ha fatto una cosa giusta: sganciarsi da una realtà economica fallimentare“. “Non si parla più di Brexit perché i dati sono positivi. Mostrare che chi esce sta meglio, è qualcosa che i media non possono permettersi di raccontare”
(iv) BREXIT
Alberto Bagnai @AlbertoBagnai4
Giornalisti che citano illustri uffici studi ne abbiamo, @rubino7004 e @fdragoni?
2016 ira. 6
(iv) GREZIA: paradisua
Where did the Greek bailout money go?5
“… a descriptive analysis of where the Greek bailout money went since 2010 and finds that, contrary to widely held beliefs, less than €10 billion or a fraction of less than 5% of the overall programme went to the Greek fiscal budget. In contrast, the vast majority of the money went to existing creditors in the form of debt repayments and interest payments.”
(v) GREZIA: txiste bat (sic)
Another Greek Standoff: Europe Refuses Athens’ Bailout Payment Until Reforms Are Implemented
“One of the longest running, recurring jokes in European high finance is that insolvent Greece pretends to reform (it has been mostly delaying and extending the mandated budget cuts, many of which involve unpopular mass terminations of government workers), while Europe pretends to send it money (most of the cash goes to various creditors, most notably the ECB and the IMF). To be sure, one of the reasons why last year’s Greek bailout was rushed – and passed – is that (…) Europe had no choice but to “bail” Greece out at any cost, since that meant avoiding an impairment on ECB debt, which may have led to domino-effect fallout. It also explained why the funds were promptly wired over to Athens, just so Athens could then quickly turn around and wire it all right back.”
(vi) GOBERNUA
Smart People talk about Government Buying6
“Whenever you explain to somebody that, effectively, the government has an unlimited zero percent overdraft at the central bank, and that government spending happens by simply authorising the spending you generally get a retort similar to this:
(…)
But you smile gently and respond in a way that generally floors whoever you are speaking to.
We could, but what has each individual got to sell to the government that is worth a million pounds?
This response forces people to think past the numbers. Suddenly, we are discussing what government is really about — procument and supply of public goods and services.”
