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Meet the 28-Year-Old Grad Student Who Just Shook the Global

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  • #1

    Meet the 28-Year-Old Grad Student Who Just Shook the Global

    Most Ph.D. students spend their days reading esoteric books and stressing out about the tenure-track job market. Thomas Herndon, a 28-year-old economics grad student at UMass Amherst, just used part of his spring semester to shake the intellectual foundation of the global austerity movement.

    continued:

    http://nymag.com/daily/intelligencer...-movement.html
    Last edited by Peter R; April 20, 2013, 04:26 PM.
    Peter R

    Tags: None
  • #2
    Common sense economics .....yuh haffi spend money fi mek money.
    Hey .. look at the bright side .... at least you're not a Liverpool fan! - Lazie 2/24/10 Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015

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    • #3
      Very interesting ,Chavez was right...lol
      THERE IS ONLY ONE ONANDI LOWE!

      "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


      "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

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      • #4
        How was Chavez right ??

        :-)

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        • #5
          Guh study economics , yuh caaan beg and borrow to posperity or get billion dollar hand out after hurricane and call it growth, yuh affi tek yuh own money and invest inna yuh industry and people yuh caan loose,yuh see anybody
          a gi dem loan ?


          It takes cash to care..lol
          THERE IS ONLY ONE ONANDI LOWE!

          "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


          "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

          Comment

          • #6
            You must learn to read.. mi buss dis revelation long time..

            <Some analysts continue to point to the debt to GDP ratio as our major problem. However, if I had a debt to GDP ratio of 500 per cent but I didn't have to make any debt payments until 10 years in the future, and someone else had a debt to GDP ratio of 150 per cent but had to make all the payments within a year, which one is better off today? The fact is that cash flow is more important than the ratios, which should really be used as a guide for policy and action and not the reason why one acts.

            So in John's case it is important to understand the debt repayment terms, and this is why in the restructuring of the debt the timing of the cash outflows is so important. But all debt restructuring does is give more time to make adjustments, and so if John gets a reprieve in terms of timing of cash payments, he must ensure that he has a plan to adjust either his expenditure or income in order to ensure that when the payments start again he is not in the same position because he has not made the necessary adjustments.

            It also seems obvious that John cannot resolve his debt problem (scenario 2) by just cutting back on expenditure, and so the only real option is for him to increase his risk in a very calculated way, in order to reduce his debt in the long term...

            Seaga did this in the 1980s, when the debt to GDP ratio increased to 212 per cent in 1984: this additional borrowing helped to result in average growth of 6 percent per annum towards the end of the 80s and a debt to GDP ratio of 90 per cent in 1990. >

            Now at the risk of appearing Galactically stupid.. do yourself a favor and exit this debate.

            Yuh not even smart enough to tek Don1 disingenuous route and criticize the growth areas and 'style' of production and jobs created..

            Run along now..

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            • #7
              6 percent per annum towards the end of the 80s and a debt to GDP ratio of 90 per cent in 1990. ...lol...you need to teach your CIA brethrens economics, it seems by Seagas own admission and yours 1989 post Gilbert was his break out year, I believe that was due to handouts ,concession by certain lenders to terms and of course massive remittances from the diaspora through the following year to rebuild.

              LOL.. couldn't save him from being ushered out by the voters ,the previous mismanagement of the 80s took its toll ....husssh !
              THERE IS ONLY ONE ONANDI LOWE!

              "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


              "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

              Comment

              • #8
                The least you could do is basic research to obtain the facts.. but then facts are not relevant to your line of argument since you are engaging in propaganda...

                Stop pretending to be non-political.. you are not fooling anybody..

                Here is your assignment for tonight.. look up the GDP growth figures for 1986,1987,1988,1989,1990,1991.

                Jamaica has never in any single year since achieved the lowest figure during that period.. no matter how much Money dem get from Chavez, IMF, IDB.. not even with remittance exceeding Tourism at one point..

                Get an education.

                Why yuh hushing me ? I left Jamaica in 1986.. Hussh the country.. nuh dem yuh a bawl ovah now ?

                Comment

                • #9
                  Him spot the samfie. However, using the 3rd eye, no numerical analysis was necessary to know that the globe is being manipulated..

                  Comment

                  • #10
                    Bauxite crisis was over and small business started to take off..

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