Search found 1780 matches

by Sertorio
Sun Oct 14, 2018 3:29 am
Forum: Current Events
Topic: A dithering Obama emboldened China
Replies: 67
Views: 3134

Re: A dithering Obama emboldened China

Christianity has a way of bringing the concept of human rights into society unlike Socialism. The pro democracy movements that toppled dictatorships in Taiwan and S Korea were led by Christians. Maybe the Christian lamb will tame the red dragon. While Europeans steadily move away from religion, som...
by Sertorio
Sat Oct 13, 2018 8:59 am
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 30
Views: 757

Re: Great Depression’ ahead?

The biggest threat to the world economy is government debt. The US, EU, and Japan are highly in debt. How did this happen? Government debt is only problematic if it is placed abroad. True to some extent. They can always print more money. But you will get inflation. No need to print money. If the in...
by Sertorio
Sat Oct 13, 2018 7:59 am
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 30
Views: 757

Re: Great Depression’ ahead?

cassowary wrote:
Sat Oct 13, 2018 3:55 am
The biggest threat to the world economy is government debt. The US, EU, and Japan are highly in debt. How did this happen?
Government debt is only problematic if it is placed abroad.
by Sertorio
Sat Oct 13, 2018 7:56 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2641

Re: Calling all economists. I need your help.

By 1971, Portugal spent 6.4% to 7.6% of GDP on defense. That's high and a drag on the economy. No wonder Portugal became poor. Defense expediture was 45.9% of the Portuguese budget in 1971. The only reason why Portugal wanted to keep their colonies was that of pride. It made them feel good to have ...
by Sertorio
Sat Oct 13, 2018 5:20 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2641

Re: Calling all economists. I need your help.

By 1971, Portugal spent 6.4% to 7.6% of GDP on defense. That's high and a drag on the economy. No wonder Portugal became poor. Defense expediture was 45.9% of the Portuguese budget in 1971. The only reason why Portugal wanted to keep their colonies was that of pride. It made them feel good to have ...
by Sertorio
Sat Oct 13, 2018 5:06 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2641

Re: Calling all economists. I need your help.

By the end of the 1960's the war expenses in Africa were 50% paid by local revenues and the ratio of military expenses as percentage of the GDP was decreasing. Which meant that the war no longer was an obstacle to economic growth in Portugal. From a cost point of view we could have kept the war goi...
by Sertorio
Fri Oct 12, 2018 3:20 pm
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2641

Re: Calling all economists. I need your help.

The fact that he was a trained economist too likely did Portugal no harm: despite the fact that by the late 1960's it was the poorest nation in Europe outside the Communist bloc. By the late 1960's Portugal was growing at a rate of nearly 10% a year, and had no unemployment worth mentioning. We sti...
by Sertorio
Fri Oct 12, 2018 9:39 am
Forum: Current Events
Topic: A dithering Obama emboldened China
Replies: 67
Views: 3134

Re: A dithering Obama emboldened China

And I, in turn, wonder whether a Portuguese who became an atheist may not have lost the ability to understand Portugal and the Portuguese ... We have always been more superstitious than religious. As we became better educated and therefore less superstitious, our religiosity started to fade away. B...
by Sertorio
Fri Oct 12, 2018 1:53 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2641

Re: Calling all economists. I need your help.

The fact that he was a trained economist too likely did Portugal no harm: despite the fact that by the late 1960's it was the poorest nation in Europe outside the Communist bloc. By the late 1960's Portugal was growing at a rate of nearly 10% a year, and had no unemployment worth mentioning. We sti...
by Sertorio
Fri Oct 12, 2018 1:48 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2641

Re: Calling all economists. I need your help.

It's not a defense of despotism. It is being realistic. I lived half of my life in a dictatorship, but a dictatorship which was nobody's vassal. I would have liked to have had then a democratic government, but while that couldn't be achieved, I was thankful we were truly independent. Today our poli...