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Nice chart. Argentina is Massachusetts: that's so fitting. A mostly low-income region surrounding 1 giant metropolitan port city where all the jobs, money and snobs are. Buenos Aires and Boston both have a nostalgia/inferiority complex for a time at the turn of the 20th century when they were...

May I recommend Teen Wolf 2. A tour de force of cinematic art nouveau. It's often said to be the best movie ever.

If you're putting me in the same boat as El Inombrable, I may jump ship to your gold-laden galleon.

Sorry to go too far off-off-topic, but what is a Potterarian? My googles cant seem to figure it out.

Frenchie, where do you get that date? (you might be right for all I know). David Stockman cites it as mid-August 1971 (as cited here in The Guardian and HuffPost).

I do remember Econ 101 (all too bloody well). The first question we ask is "What is money?" Then we learn the difference between commodity currencies (eg gold standard) and fiat currencies (eg US dollar, Arg Peso, etc.) You are confusing the two. If, for example, the US issues bonds when...

This is spot on. It is exactly why QE is a nefarious programme and why it is increasing inequality and instability in the global financial system. Here however you seem to have a very common misunderstanding of the relationship between debt and issuing of fiat currency. Since most currencies...

Cyprus? That's where I was talking about. It sounds like you mean the US, which would be another example with a different set of circumstances.

Thanks somewhereinba, which country are you talking about?

Not a bad point José. The thing is you have to understand that deficit spending is not a good or an evil in and of itself. It's situational. For example, printing has advantages (increased agg. demand, decreased deflation) and disadvantages (possible inflation, creation of asset bubbles). In...

1. Dude, in no way was my post a personal attack. 2. Does my not being a Crissynomics fan mean that I have to reject everything she does? She likes washing her (abundantly botoxed) face in the morning and I like to wash mine each morning. Does that make me a Crissynomicist? 3. In regard to...

Let me clarify Joe's posts since even Joe himself is having a hard time understanding them: 1. Look I have a chart that I think proves my ideological point of view that government spending is Bad. 2. What? you mean my chart shows the opposite of what I thought? OK but I still will stick to my...

This is exactly the point you do not seem to be understanding. Debt to GDP is a ratio. If GDP stays the same and debt goes down, the ratio goes down. If the both stay the same, the ratio stays the same. If GDP decreases but debt stays the same, then the ratio goes up. Or as is happening in...

Excellent chart Joe. See how the debt/GDP ratio reacts as austerity is applied in each country? 1: Expenditures are cut, meaning less demand in the economy 2: Less demand means GDP goes down, and 3: As a result of decreased GDP, the debt ratio rises again. The best example is Greece: look...

In my country of origin we have 0 inflation. There is no blue or green or whatever black market currency. We also have 45% of youth without jobs. The economy has contracted 40% in the last 6 years, and people are being evicted en masse from their homes. Everyday people can buy less and less...

True story: I always offer, but the only booze 3 yr old Jr has yet to accept is Jamesons. Personally I can't fathom how anyone can stomach a milanesa without a hefty dose of alcohol, but somehow the missus and jr manage.

Matías: yes food is cheaper here. Joe: weather in winter is more mild, but Salta Capital is very humid since it's a valley where all the moisture accumulates. You have to go up higher to get out of the humidity (eg Tilcara in Jujuy). Matt: I was just responding to your question: " where...