Comments for The Post Has Never Heard of Current Account Deficits at http://www.cepr.net , comment 1 to 4 out of 4 comments http://www.cepr.net Wed, 22 May 2013 20:21:48 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-has-never-heard-of-current-account-deficits#comment-19145 To find bargains, you can go online. For Ferragamo Bag, many offer a tremendous value. For large bags that look like you spent online more than your actual purchase price of handbags. This is a great way to save money. While getting the products you need, more and more people are discovering that it's a good way to stretch your money. http://www.ferragamobagsale.com - ann Wed, 26 Sep 2012 15:55:55 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-has-never-heard-of-current-account-deficits#comment-19139 Yes, but Dean Baker (and everyone else) is guilty of this when he discusses America's problems. No one ever mentions current account balances, but the fact is that competitiveness runs the opposite way in America, with the wealthy blue states having strong dollars and the poor red states having weak dollars. And everyone who thinks that fiscal unity will magically solve the competitiveness problem needs to explain how fiscal unity will somehow magically make the current account balances work. - Pragmatic Liberal Wed, 26 Sep 2012 10:08:10 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-has-never-heard-of-current-account-deficits#comment-19137 It is too bad that more people don't understand financial flows among the public, domestic private, and foreign sectors. When a dollar flows out of one sector into another the sum of debits and credits will always sum to zero. - DanM Wed, 26 Sep 2012 09:33:49 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-has-never-heard-of-current-account-deficits#comment-19124 [quote] It is very difficult to get prices to fall ,,,[/quote] Any economist knows this to be a heresy of neoclassical economics. How can prices be set by markets if they only rise and don't fall? This would create huge unemployed surpluses of labor and capitaL on the downside of a business cycle when aggregate demand falls off and reduced prices don't follow to maintain full employment. Marxists like Baker should read Sticky Price Lies by Austerians For Flexibility, Freedom, and Fallacies of Composition. - Last Mover Wed, 26 Sep 2012 01:09:54 +0100