Florian Jensen's Weblog » Economics http://florianjensen.com making the world a better place! Sat, 21 Apr 2012 18:15:24 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Stimulus gone nuts! http://florianjensen.com/2009/02/14/stimulus-gone-nuts/ http://florianjensen.com/2009/02/14/stimulus-gone-nuts/#comments Sat, 14 Feb 2009 13:38:34 +0000 Florian Jensen http://florianjensen.com/?p=569 This night, I catched up on some Hulu shows I’ve been watching, and saw the Daily Show. I think that this is probably the funniest episode ever!

He basically says what we’re all thinking.

]]> http://florianjensen.com/2009/02/14/stimulus-gone-nuts/feed/ 3 Warren Buffett on the US trade deficit http://florianjensen.com/2008/03/09/warren-buffett-on-the-us-trade-deficit/ http://florianjensen.com/2008/03/09/warren-buffett-on-the-us-trade-deficit/#comments Sun, 09 Mar 2008 18:29:20 +0000 Florian Jensen http://florianjensen.com/2008/03/09/warren-buffett-on-the-us-trade-deficit/ Warren BuffettBuffett explains what a trade deficit is in layman’s terms…

“In effect, our country has been behaving like an extraordinarily rich family that possesses an immense farm. In order to consume 4 percent more than we produce — that’s the trade deficit — we have, day by day, been both selling pieces of the farm and increasing the mortgage on what we still own.”

He goes on to explain why the US can spend like crazy…

“…we can behave today as we wish because our past financial behavior was so exemplary…”

…and warns that it will be over - sometimes.

“…our national credit card allows us to charge truly breathtaking amounts. But that card’s credit line is not limitless.”

AND he actually proposes a solution!

“We would achieve this balance by issuing what I will call Import Certificates (ICs) to all U.S. exporters in an amount equal to the dollar value of their exports. Each exporter would, in turn, sell the ICs to parties — either exporters abroad or importers here — wanting to get goods into the U.S. To import $1 million of goods, for example, an importer would need ICs that were the byproduct of $1 million of exports. The inevitable result: trade balance. ”

Buffe, we love ya! Now, let’s hope there will soon be a US president that has the balls to actually do something!

Full article

Source: marcialis.eu

]]> http://florianjensen.com/2008/03/09/warren-buffett-on-the-us-trade-deficit/feed/ 1 Save the environment – by John Maynard Keynes http://florianjensen.com/2007/10/27/save-the-environment-by-john-maynard-keynes/ http://florianjensen.com/2007/10/27/save-the-environment-by-john-maynard-keynes/#comments Sat, 27 Oct 2007 17:15:00 +0000 Florian Jensen http://www.florianjensen.com/2007/10/27/save-the-environment-by-john-maynard-keynes/ Hey everyone,

those who know me know that I in general don’t care about the environment. I believe that the “Global Warming” is a myth, and we do not need to change anything. But someone just sent me this picture. For all of the people who are currently reading “The Principles of Economics” by John Maynard Keynes, you should pay attention to this hidden message.

Stabilo Ad

You just got to love Stabilo markers!

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