Economics of Knowledge And Social Intelligence
French Finance Minister Christine Lagard has compared the recent FSF-report released by the G7 Finance Ministers last week to the Plaza Accord (as quoted by Christopher Swann in an article at Bloomington): The April 11 statement was “not very different” … Continue reading →
15. April 2008 by kasi
Categories: Discussions |
Tags: accounting standards, banks, christine lagard, exchange rates, finance ministers, france, fsf, g7, iasb, plaza accord |
3 comments
Economist: ‘The golems are capable of doing the work per day of one hundred and twenty thousand men.’
— Terry Pratchett
Politician: ‘Think of what they could do for the city.’
Economist: ‘To begin with, they would put one hundred and twenty thousand men out of work. They do not require food, clothing or shelter. The demand for many things woupld drop. Circulation is everything. The money goes around creating wealth as it does so.’
Politician: ‘Then what course of actions do you propose?’
Economist: ‘I did not know that I had to find solutions as well.’
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