sexta-feira, 7 de maio de 2010

Em defesa dos déficits.

Esse puxou ao pai.

Alguns comentários:
"The misinformation is rooted in what many consider to be plain common sense. It may seem like homely wisdom, especially, to say that "just like the family, the government can't live beyond its means." But it's not. In these matters the public and private sectors differ on a very basic point. Your family needs income in order to pay its debts. Your government does not."
Se fosse verdade, porque desde as épocas mais remotas, todos os governo cobraram impostos?? Segundo James K. Galbraith isso é uma burrice, pois o governo não precisa de renda para pagar seus débitos.


"Private borrowers can and do default. They go bankrupt (a protection civilized societies afford them instead of debtors' prisons). Or if they have a mortgage, in most states they can simply walk away from their house if they can no longer continue to make payments on it. With government, the risk of nonpayment does not exist. Government spends money (and pays interest) simply by typing numbers into a computer. Unlike private debtors, government does not need to have cash on hand. As the inspired amateur economist Warren Mosler likes to say, the person who writes Social Security checks at the Treasury does not have the phone number of the tax collector at the IRS. If you choose to pay taxes in cash, the government will give you a receipt--and shred the bills. Since it is the source of money, government can't run out.”
Credores da Argentina e México discordariam. Galbraith encontrou o Santo Graal da economia, a solução para todos os problemas é imprimir moeda. Como os economistas são burros de não terem descoberto isso anteriormente!!!


“Public defaults happen only when governments don't control the currency in which they owe debts--as Argentina owed dollars or as Greece now (it hasn't defaulted yet) owes euros.”
Resumindo: quem imite a própria moeda não corre riscos de insolvência, ou seja, mais de 80% dos governos de todo o mundo podem entrar na farra.

Economistas heterodoxos são engraçados, sempre menosprezando as reações e motivações humanas.

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