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Poland's economic experiment based on Thomas Piketty

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Re: Poland's economic experiment based on Thomas Piketty

#81

Post by ergo14 »

bobthechef wrote: post #45
baq wrote: post #25

Earlier quoted context omitted.

They're national socialists. They don't like aliens, want to be in control of everything they deem important and are perfectly willing to break the rule of law for the good of society. They gave everyone with more than one child free money. They also call everything 'national' instead of 'public'. They think that the EU is a hindrance and an enemy, as if Putin didn't exist (that the part I can't understand the most.)

You're parroting an extremely twisted line touted by some media sources. You must realize how absurd it is to call them national socialists given the accepted meaning of that term. It's actually quite clownish. W.r.t. aliens, that's nonsense. Even the article mentions Ukrainian immigration. For the record, Poland took in what were effectively ~1 million Ukrainian refugees and immigrants because of, you know, that war…

> a Communist invention instituted by Jaruzelski during martial law to protect Communists

"W okresie PRL ustanowienie sądu konstytucyjnego stało się postulatem formułowanym przez wiele środowisk w okresie przełomu politycznego lat 1980–1981[2]. Powołania TK domagała się m.in. adwokatura oraz Niezależny Samorządny Związek Zawodowy „Solidarność”. "

Yes, someone does not have the idea what they are talking about, the Tribunal was established because Solidarity movement wanted it. A lot of the information you posted is at least inaccurate to high degree and can be verified easily.

> The current judiciary is full of law-breaking and less than savory people with ties to the old Communist establishment.

Can you name at least a few high profile members of judicary that would fit this description? I can name a few in PIS Kryże, Piotrowicz (you know the communist era prosecutor that now reforms law in Poland... oh the irony) - even people like Cenckiewicz the historian clearly state that they should not be there.

> And even if it were the case that the rule of law was being violated for "the good of society", then perhaps there's a problem with the system if it needs to be violated to make necessary changes.

I agree, can you point me to the parts of the laws that will improve the system for the citizens instead of currently ruling party?

Re: Poland's economic experiment based on Thomas Piketty

#82

Post by tugash »

ucaetano wrote: post #70
mrwebmaster wrote: post #60

Earlier quoted context omitted.

What disaster do you see in Argentina? During the last years It cancelled all of it's debt with the IMF (in one payment, and this debt was generated many years ago) and also with the Paris Club. It's Central Bank is in relative good position. A monetary issue is the high inflation rate, but I wouldn't call it an "economic disaster" since unemployment is relatively low, if we compare it with historical levels or with…

https://www.economist.com/news/briefing/21596582-one-hundred... https://www.economist.com/news/americas/21704824-battle-over... https://www.economist.com/blogs/americasview/2014/06/argenti... Almost a decade of average zero growth, declining quality of life, crumbling infrastructure. It is sad to see the state of destruction the country was left in after Christina left.

> Almost a decade of average zero growth (...) > It is sad to see the state of destruction the country was left in after Christina left.

And the state of the country when she arrived? Let's not forget what happened between 1998-2002.

From your last article: >Many of Argentina’s problems are familiar. Inflation has plagued Argentina for much of the past decade; it still grew by an average of 5.6% from 2005-2013.

Not a fan from Christina, but the situation is way more complex than just one (or 2 with Nestor) president.

Re: Poland's economic experiment based on Thomas Piketty

#83

Post by mrwebmaster »

ucaetano wrote: post #70
mrwebmaster wrote: post #60

Earlier quoted context omitted.

What disaster do you see in Argentina? During the last years It cancelled all of it's debt with the IMF (in one payment, and this debt was generated many years ago) and also with the Paris Club. It's Central Bank is in relative good position. A monetary issue is the high inflation rate, but I wouldn't call it an "economic disaster" since unemployment is relatively low, if we compare it with historical levels or with…

https://www.economist.com/news/briefing/21596582-one-hundred... https://www.economist.com/news/americas/21704824-battle-over... https://www.economist.com/blogs/americasview/2014/06/argenti... Almost a decade of average zero growth, declining quality of life, crumbling infrastructure. It is sad to see the state of destruction the country was left in after Christina left.

Don't agree here: - Growth has been relatively high - Infrastructure improved - Quality of life improved - The state was not left in a state of destruction.

Re: Poland's economic experiment based on Thomas Piketty

#84

Post by conanbatt »

drak0n1c wrote: post #44
conanbatt wrote: post #24

Earlier quoted context omitted.

Domestic borrowing is a guarantee of inflation, because the incentive to dilute the debt is too great to not use.

Japan has incredibly high levels of domestic borrowing, but has long suffered deflation. What factors make Japan the exception?

I dont know enough about the japanese economy to answer this question :(

Re: Poland's economic experiment based on Thomas Piketty

#85

Post by cuchoi »

conanbatt wrote: post #35
skybrian wrote: post #29

Earlier quoted context omitted.

On the other hand, borrowing in a foreign currency risks being ruined by exchange rates if the currency collapses. As happened to businesses in many Asian countries not that long ago. Also: Iceland.

Only if you peg your own currency. If your neighbor devaluates their currency, your will naturally devaluate yours.

But trade partners != lending partners

Re: Poland's economic experiment based on Thomas Piketty

#86

Post by ucaetano »

neilwilson wrote: post #79
ucaetano wrote: post #11

> That means a pause in privatization, which Morawiecki says contributed up to 14 billion zlotys a year to the budget, a preference for domestic over foreign borrowing (the share of Poland's debt owned by foreigners is down to 50 percent from about 60 percent three years ago) and a reliance on state enterprises to increase investment because private companies are too small and not boldly expansionist enough to provid…

It's only sad that people still trot out the 'crowding out' thesis ten years after it proved to be false. Poland has its own currency which its banks create as required. There can be no shortage of financial capital in a country with a free floating exchange rate and no dollarised sovereign debt. There can only be a shortage of stuff.

Yes, which means inflation, which if countered with more money printing leads to hyperinflation.

Printing money won't increase the stock of capital. That is so absurd that you're not even wrong.

Have you ever lived with 4000% inflation per year? I have.

Re: Poland's economic experiment based on Thomas Piketty

#87

Post by classicsnoot »

beedogs wrote: post #73
classicsnoot wrote: post #66

Earlier quoted context omitted.

I would honestly like to know how clarifying the historical accuracy of claims is somehow denying the Holocaust. Your comment has been flagged so it is obvious the Cowards of Dang's Round Table have decided your invective inspired to much vitriol for their liking, but I think your self imposed mental illness should be given over to the light, not pushed into the shadows to fester in the minds of the inadvertently as…

Their government is still lunatic-right, regardless of how many hairs you feel like splitting about some of their policies.

I only wrote about their history in regards to why they would like for the world to stop acting like they were complicit in the Jewish Holocaust. Does it ever get tiring calling your opponents some flavor of crazy, only to watch them sweep you out of power even as you eat your own in a reckless purity spiral? Thanks for Trump, BTW. We never would have been blessed by him if you fellas didn't exist.

Re: Poland's economic experiment based on Thomas Piketty

#88

Post by neilwilson »

ucaetano wrote: post #86
neilwilson wrote: post #79

Earlier quoted context omitted.

It's only sad that people still trot out the 'crowding out' thesis ten years after it proved to be false. Poland has its own currency which its banks create as required. There can be no shortage of financial capital in a country with a free floating exchange rate and no dollarised sovereign debt. There can only be a shortage of stuff.

Yes, which means inflation, which if countered with more money printing leads to hyperinflation. Printing money won't increase the stock of capital. That is so absurd that you're not even wrong. Have you ever lived with 4000% inflation per year? I have.

Where's the inflation in Japan?

It's the savings stupid. You forgot about them.

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