Re: [Pen-l] currency controls and crying capitalists (an FT article)

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] currency controls and crying capitalists (an FT article)
From: Jim Devine <jdevine03@xxxxxxxxx>
Date: Thu, 21 May 2009 11:25:38 -0700
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michael a. lebowitz wrote:
>     My inclination is to think the recent Brazil-China agreement is
> essentially symbolic but don't know anymore. In contrast, the currency
> control tightening in Venezuela I referred to is real and is about to have
> major impacts if the government doesn't blink.

Mike, do you think that currency controls can work in the long run
(assuming that capitalism persists)? Don't they encourage "black"
markets and currency smuggling? It seems like they are stop-gap
measures that protect a currency's value giving the government a
chance to deal with the fundamental problems that are threatening it.
-- 
Jim Devine / "It has always been the prerogative of children and
half-wits to point out that the emperor has no clothes. But the
half-wit remains a half-wit, and the emperor remains an emperor."  --
Neil Gaiman
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Follow-Ups:
- Re: [Pen-l] currency controls and crying capitalists (an FT article)
  - From: michael a. lebowitz

References:
- [Pen-l] currency controls and crying capitalists (an FT article)
  - From: Sabri Oncu
- Re: [Pen-l] currency controls and crying capitalists (an FT article)
  - From: michael a. lebowitz

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Thread context:
- [Pen-l] Toxic Textbooks, david barkin Wed 20 May 2009, 13:16 GMT
- [Pen-l] Timothy Burke on Jared Diamond, Louis Proyect Wed 20 May 2009, 12:55 GMT
- [Pen-l] currency controls and crying capitalists (an FT article), Sabri Oncu Wed 20 May 2009, 05:48 GMT
  - Re: [Pen-l] currency controls and crying capitalists (an FT article), michael a. lebowitz Thu 21 May 2009, 17:30 GMT
    - Re: [Pen-l] currency controls and crying capitalists (an FT article), Jim Devine Thu 21 May 2009, 17:54 GMT
      
      Re: [Pen-l] currency controls and crying capitalists (an FT article), michael a. lebowitz Thu 21 May 2009, 18:40 GMT
      
      Re: [Pen-l] currency controls and crying capitalists (an FT article), Jim Devine Thu 21 May 2009, 19:15 GMT
      
      Re: [Pen-l] currency controls and crying capitalists (an FT article), raghu Thu 21 May 2009, 19:35 GMT
- [Pen-l] currency controls and crying capitalists, michael a. lebowitz Wed 20 May 2009, 03:21 GMT

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