Kerry is a pilot?

"Tom Sixkiller" wrote in message
...

"Tarver Engineering" wrote in message
...

"Tom Sixkiller" wrote in message
...

Up to this one I was just going to say, oh well, we just disagree.

Even my Republican friends complain that Bush's economic policies
are
disasterous. The Dem's used to be labeled "tax and spend". The
Republicans,
under Bush, are the "borrow and spend" party.

Reflation was an absolute necessity, otherwise America was headed
into a
decade long downturn like Japan.

www.mises.org/fullstory.asp?control=1363

Except reflation has worked this time.

Worked? It's preventing the re-alignment that the economy desperately
needs.

The only thing preventing a realignment of the economy is Japan's heavy
intervention in currency markets. The EU proclaimed their intent to
intervene to stop the dollar realignment last week.

What fails is Socialism as Reflation. Under that condition you get a
permanent Depression; like FDR.

http://www.mises.org/fullarticle.asp...d=298&month=12

Your second article misses the point entirely. Japan was willing to
lend
money, but unwilling to accept imports. That combination makes it
nearly
impossible to pay back Yen. Dollars are easy to earn and pay back.

No, you're missing the point. It's not imports/exports or any such that
stomped Japan and keep them in the economic sewer for a dozen years.

Sure it is. Japan went out and loaned a lot of Yen in Asia and made it
impossible to pay Yen back. That was way dumb.

"Tarver Engineering" wrote in message
...
No, you're missing the point. It's not imports/exports or any such that
stomped Japan and keep them in the economic sewer for a dozen years.

Sure it is. Japan went out and loaned a lot of Yen in Asia and made it
impossible to pay Yen back. That was way dumb.

That's not what got Japan in trouble.

http://www.mises.org/fullarticle.asp...d=322&month=13
Japan Can't Inflate Away Its Woes
by JEFFREY HERBENER

[From the Asian Wall Street Journal;
October 28, 1999, Page 10;

[Excerpt]
Economists have been counseling inflation to cure Japan's ills, while
warning of the grave dangers of deflation. This is sheer nonsense. Nothing
apart from war has damaged economic prosperity in the 20th century as much
as the loose money and credit policies of the world's central banks, from
Germany in the 1920s to China in the 1940s, to various South American
countries in the 1980s, to Indonesia and Yugoslavia in the 1990s.

It is precisely because of these policies that Japan now finds itself in the
midst of a financial debacle. Having inflated the yen money stock by 10.5%
per year from 1986-90, and having brought the discount rate down to 0.5% in
1997 from 6% in 1991, the Bank of Japan essentially inflated the nation into
an artificial boom. Rather than allow this boom to be corrected, however,
economists are calling for even more of what caused it. The alternative --
deflation -- is deemed such a fearsome enemy that even perpetual
central-bank monetary inflation is an acceptable defense against it. There
are two schools of thought with explanations why this should be so.

[End Excerpt]


Also

Explaining Japan's Recession
by Benjamin Powell
[ December 3, 2002]

After decades of "miracle" economic growth since World War II, Japan's
economy abruptly faltered in 1990 and has stagnated since. Why? Neither the
Keynesian nor Monetarist explanations can provide an account. Only the
Austrian theory of the business cycle provides the explanation.

An Overview of Japan's Economy 1985–2000

After the September 1985 Plaza Accord, the yen's appreciation hit the export
sector hard, reducing economic growth from 4.4 percent in 1985 to 2.9
percent in 1986 (EIU 2001).1 The government attempted to offset the stronger
yen by drastically easing monetary policy between January 1986 and February
1987. During this period, the Bank of Japan (BOJ) cut the discount rate in
half from 5 percent to 2.5 percent. Following the economic stimulus, asset
prices in the real estate and stock markets inflated, creating one of the
biggest financial bubbles in history. The government responded by tightening
monetary policy, raising rates five times, to 6 percent in 1989 and 1990.
After these increases, the market collapsed.

[End Excerpt]

IOW it was the attempts at relation that wreck the Yen, and had virtually
nothing to do with exports/imports. Note that their crisis, particularly
Real Estate, is strictly domestic.

But let's take this to an appropriate group; not here.

Everyone knows Bush was AWOL

I don't know that, and I researched it as well as I could online. See
www.warbirdforum.com/bushf102.htm for what is known on this
interesting subject.

(Readers have since drawn a couple items to my attention, which will
be added when I update the site on Feb 1. I'll be happy to take your
order as well, if you have anything documented to add.)


all the best -- Dan Ford
email:

see the Warbird's Forum at www.warbirdforum.com
and the Piper Cub Forum at www.pipercubforum.com

Then again, where would Kerry be without catsup?

Faced with actually paying off that mortgage on his house

all the best -- Dan Ford
email:

see the Warbird's Forum at www.warbirdforum.com
and the Piper Cub Forum at www.pipercubforum.com

Then again, where would Kerry be without catsup?

Faced with actually paying off that mortgage on his house


I find the most interesting thing about the Iowa caucus for the "Party of the
Little Guy" is that the finish was in exact descending order of of personal net
worth.

Welcome to the wonderful world of McCain-Fiengold Campaign Reform, where only
the personally deep pockets have a chance.

Don

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"Cub Driver" wrote in message
...

Everyone knows Bush was AWOL

I don't know that, and I researched it as well as I could online. See
www.warbirdforum.com/bushf102.htm for what is known on this
interesting subject.

(Readers have since drawn a couple items to my attention, which will
be added when I update the site on Feb 1. I'll be happy to take your
order as well, if you have anything documented to add.)


all the best -- Dan Ford


Well done
--
Jim in NC

Along this same topic, notice the interesting article in this mornings Wall
Street Journal, 26 January, page A14 by Stephen Sherman, who points out that
before being elected, Mr. Kerry joined the Vietnam Veterans against The War,
and publicly "threw his medals at the capital building in protest", and that
now those same supposed medals are prominently displayed on his office wall
in Washington... hmmmm...
denny

"Cub Driver" wrote in Everyone knows Bush was
AWOL

I don't know that, and I researched it as well as I could online. See
www.warbirdforum.com/bushf102.htm for what is known on this
interesting subject.

"Tom Sixkiller" wrote in message
...

"Tarver Engineering" wrote in message
...
No, you're missing the point. It's not imports/exports or any such
that
stomped Japan and keep them in the economic sewer for a dozen years.

Sure it is. Japan went out and loaned a lot of Yen in Asia and made it
impossible to pay Yen back. That was way dumb.

That's not what got Japan in trouble.

They are still argueing exchange rates, but exchange rates for the Yen are
driven by the unavilability to pay back Yen. The cycle is direcly driven by
protectionism and the banks incestual relationship with business in Japan.

"Tarver Engineering" wrote in message
...

If Gore were President he would have already apologised to the terrorists
for the second 9-11.

We'll never know, will we?

YOUR GUY WON! GET OVER IT!!!!!!

-- David Brooks

"Tarver Engineering" wrote in message
...

"Tom Sixkiller" wrote in message
...

"Tarver Engineering" wrote in message
...
No, you're missing the point. It's not imports/exports or any such
that
stomped Japan and keep them in the economic sewer for a dozen years.

Sure it is. Japan went out and loaned a lot of Yen in Asia and made
it
impossible to pay Yen back. That was way dumb.

That's not what got Japan in trouble.

They are still argueing exchange rates, but exchange rates for the Yen are
driven by the unavilability to pay back Yen. The cycle is direcly driven
by
protectionism and the banks incestual relationship with business in Japan.

You're half right; an exchange rate has little or nothing to do with ability
to pay, but on the comparative worth of two currencies.