InternationalRockSuperstar

Somalia: 220V, 50Hz, C-type socket. http://findarticles.com/p/articles/mi_qa53...3/ai_n29363025/

yeah, so important that no-one thinks they're worth paying for so they have to be funded by extortion.

+1 the statists seem to be responding to this by trolling internet forums en masse though

another ad hominem. naughty naughty!

you can refuse any offer made to you by the private sector. well you can starve can't you. corporations don't exist.

the inside of their own ******** tract probably. edit: bloody swear filter

I quite fancy an Italian myself.

it's the answer to a lot of things.

yep.

so your atgument it that they should steal money to pay for flood defences else they'll steal even more later to mop up the damage! just don't steal.

don't see why I should be paying for either Leeds or London.

why would we all be funding it?

The wise man built his house upon the rock The wise man built his house upon the rock The wise man built his house upon the rock And the rain came tumbling down Oh, the rain came down And the floods came up The rain came down And the floods came up The rain came down And the floods came up And the wise man's house stood firm. The foolish man built his house upon the sand The foolish man built his house upon the sand The foolish man built his house upon the sand And the rain came tumbling down Oh, the rain came down And the floods came up The rain came down And the floods came up The rain came down And the floods came up And the foolish man's house went "splat!" [clap hands once]

agreed. once the gov't steals it it's theirs and they'll do whatever the f*** they want with it, be it moat-cleaning or the purchase of a duck house.

what savings?

banking system didn't need state money. it should have been left to fail. ditto.

given the unprecedented state intervention in the economy, how is politics not relevant to the economy and house prices?

revoked legal tender laws and dismantled that state piece by piece.

related to this perhaps: http://www.housepricecrash.co.uk/forum/ind...aded&start= ?

monetize the bonds then...oh wait, they already are!

or newly created money

I could have sworn the Fed was monetizing hundreds of billions of dollars of treasuries (which the gov't then spends on state sector salaries etc).. There's another $112bn of Treasury auctions in the coming week. should be fun. anyway, you're diverging from Mish's point. btw, I don't agree with Mish's definition of inflation/deflation. I am merely pointing out that by his own definition he should be an inflationist!

given that the very first thing Mish says in the debate is that he is going to define inflation/deflation as an increase decrease in the money+credit supply given that the money+credit supply is increasing: surely Mish actually making the case for inflation!

but not all of it is related to property therefore if you think deflation is a fall in the supply of money+credit, then to find out whether we have deflation or not you would simply look at the supply of money+credit to see if it is falling or not. you would not keep banging on about property and stocks falling like Mish does. PS you haven't said anything in your post about the fact Mish kept saying 'stocks are down' (he must have mentioned it at least a dozen times ).

and it says: bit late.