[lbo-talk] A liberal geek defense of Ron Paul

nathan tankus somekindofheterodox at gmail.com
Fri Dec 30 15:48:21 PST 2011

"A uniquely "Chartalist" position? Many economists and others across the political spectrum have stressed that the crisis is proving intractable for the PIIGS because they no longer have the power to devalue their own currency. The UK and Japan are more indebted than some of them, but they can print as many pounds and yen as they need to satisfy investors they won't default on their debt. Krugman is not being unorthodox here."

Orthodoxy would disagree with you. I never said that it was a "uniquely" Chartalist position, as many very intelligent thinkers on this page would attest.

-- -Nathan Tankus ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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