RE: [Pen-l] Paul Krugman on the British Empire

To: "'Progressive Economics'" <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: RE: [Pen-l] Paul Krugman on the British Empire
From: "Max B. Sawicky" <sawicky@xxxxxxxxxxx>
Date: Fri, 03 Apr 2009 19:23:07 -0400
Thread-index: Acm0sfWhyeXzK20+TXmSpwrdGYUDsAAAOqGA

Dean nails PK on this. The background is that PK suggests the Chinese have been

eating dollars without recognizing the risks of depreciation, missing the fundamental

Chinese motivation of exporting into the U.S. Quite an oversight for a trade economist.

From: pen-l-bounces@xxxxxxxxxxxxxxxxxx [mailto:pen-l-bounces@xxxxxxxxxxxxxxxxxx] On Behalf Of MICHAEL YATES
Sent: Friday, April 03, 2009 7:14 PM
To: pen-l
Subject: [Pen-l] Paul Krugman on the British Empire

In Paul Krugman's New York Times column today, he says, "China acquired its $2 trillion stash--
turning the People's Republic into the T-Bills Republic--the same way Britain acquired
its empire: in a fit of absence of mind." I found the part I put in bold mind-boggling.
Maybe that is the way the nobility and the merchants took possession of peasant land
in Britan proper too.

Michael Yates

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References:
- [Pen-l] Paul Krugman on the British Empire
  - From: MICHAEL YATES

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Thread context:
- Re: [Pen-l] Blame FDR for the Depression??, (continued)
  - Re: [Pen-l] Blame FDR for the Depression??, Dan Zale Sun 05 Apr 2009, 01:27 GMT
- [Pen-l] Quitters, Louis Proyect Sat 04 Apr 2009, 17:01 GMT
- [Pen-l] Lawrence Summers paid millions by companies he is supposed to regulate, Louis Proyect Sat 04 Apr 2009, 13:06 GMT
- [Pen-l] Paul Krugman on the British Empire, MICHAEL YATES Fri 03 Apr 2009, 22:43 GMT
  - RE: [Pen-l] Paul Krugman on the British Empire, Max B. Sawicky Fri 03 Apr 2009, 22:52 GMT
  - Re: [Pen-l] Paul Krugman on the British Empire, Robert Naiman Fri 03 Apr 2009, 23:20 GMT
    - Re: [Pen-l] Paul Krugman on the British Empire, raghu Fri 03 Apr 2009, 23:45 GMT
      
      RE: [Pen-l] Paul Krugman on the British Empire, Perelman, Michael Sat 04 Apr 2009, 00:01 GMT
    - Message not available
      
      Re: [Pen-l] Paul Krugman on the British Empire - Baker's reply - and a question, Ann Davis Sat 04 Apr 2009, 10:01 GMT

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