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Response to Zalatix (Reply #89)

Mon Apr 16, 2012, 04:05 PM

99. Nice to see you're backing off your claim

But you do it in a most curious way.

It's nice that you acknowledge that government debt does not need to be internationally held. It's also nice that you acknowledge that trade balance impacts a currency's value (though I really have no idea why you think I didn't know that considering I WROTE it in my post...). It also seems like you're acknowledging that, given a trade deficit, that private debt can account for the balance. So it seems like you've agreed to everything I've said! And yet somehow you're still trying to take an adversarial position. As if I, too, would alter my understanding 180 degrees and we could continue on with this farce.

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