REFLEXÕES SOBRE A MORTE DA ZONA EURO, SOBRE OS CAMINHOS SEGUIDOS NA EUROPA A CAMINHO DOS ANOS 1930

Selecção, tradução e nota de leitura por Júlio Marques Mota

Efeitos passados e futuros dos estímulos económicos

Fabius Maximus

4 DE FEVEREIRO DE 2013
TRADUZIDO DE
HTTP://WWW.ECONOMONITOR.COM/BLOG/
2013/02/
PAST-AND-FUTURE-EFFECTS-OF-THE-ECONOMIC-STIMULUS/

Parte III

(CONCLUSÃO)

5. Para Mais Informação

Posts sobre programas de incentivo fiscal:

  1. Everything you need to know about government stimulus programs (read this – it’s about your money), 30 January 2009
  2. Government economic stimulus is financial heroin, 28 December 2009
  3. Our government’s finances are broken. How do we compare withourpeers?, 8 April 2010
  4. Capitalism Lost: America goes broke because we forgot how to be capitalists, 24 May 2012
  5. America is rich and powerful because we can borrow. Willthisdebtbuild a strongerAmerica?, 5 June 2012
  6. US economic update. Everything that follows is a result of what you see here., 8 June 2012

 Sobre política monetária:

  1. The Fed is not wildly printing money, as yet no hyperinflation, we’re not becoming Zimbabwe, 2 March 2010
  2. Important things to know about QE2 (forewarned is forearmed), 21 October 2010
  3. Bernanke leads us down the hole to wonderland! (more about QE2), 5 November 2010
  4. Inflation is coming! Inflation is coming!, 7 February 2011
  5. Inciting fear of inflation in our minds for political gain (we are easily led), 28 February 2011
  6. Update on the inflation hysteria, the invisible monster about to devour us!. 15 April 2011
  7. Explaining the gold standard, the Euro, Default, Deflation, and Hyperinflation, 17 December 2011
  8. What every American needs to know about the Federal Reserve System, 31 March 2012
  9. What are the limitations of the Fed’s power? It’sneitherimpotentnoromnipotent!, 17 February 2012
  10. The lost history of money, an antidote to the myths, 1 December 2012

6. Another perspective

Fabius Maximus - V

This piece is cross-posted from Fabius Maximus with permission.

Comment (1)

“But it has not come for free; it cost $6.4 trillion in new Federal public debt since the recession started in December 2007. That’s a 225% increase in the debt, $1.2 trillion per year.” Treasury states debt on Dec. 2007 was $5.146 trillion, and $11. 560 on Jan 31, 2013. That’s a 125% increase. Adjusted for inflation it is 103%. Double. Didn’t 15 million workers lose their jobs, and half were rehired, 8.875 permanently displaced according to the BLS. And now about 6.1 million private sector jobs were created since the private sector employment trough in Feb. 2010. Still, compared to April 2001, private sector jobs have increased by 1.0% to be exact, 1,185,000 more than 12 years ago. The working age population increased by 14.6%.When the economy that is 70% driven by purchasing demand, a major drop-off will result, i.e., a gap in former potential vs. actual. We’re about 6% below full potential, about $1 trillion in lost output. The self-generating expansion has not arrived, and it will not until sufficient government stimulus re-ignites private sector hiring. We need a full employment policy. Between 1933-1937 unemployment dropped from 25% to 9.6% (Marshall Auerback’s article at Next New Deal, August, 2011, The Real Lesson from the Great Depression: Fiscal Policy Workshttp://www.rooseveltinstitute.org/new-roosevelt/r…

We need to reflate demand. We need to balance the out-of-balance distribution of income. We are in an inequality trap. See Polly Cleveland’s article at Dollars and Sense: http://dollarsandsense.org/blog/ — my blog: http://benL8.blogspot.com

About joaompmachado

Nome completo: João Manuel Pacheco Machado

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