Spengler: Dismiss the Egyptian People and Elect a New One

Pajamas Media ^ | 07/05/2013 | Spengler

[Monkey Face]

Thanks, You.

I learn so much from the stuff you provide. Keep it up!

[Monkey Face]

And the pics of all the placards are not going to be seen on Lame Stream Media.

[SunkenCiv]

Thanks!

I give all credit here to “Spengler”, and that’s not something I usually find plausible, believe me. MUCH more in the original that’s worth reading:

http://pjmedia.com/spengler/2013/07/04/dismiss-the-egyptian-people-and-elect-a-new-one/

[FreedomPoster]

I’d guess their idea is posited upon something resembling property rights and rule of law, two concepts notably lacking in much of the Middle East, and especially Egypt.

[ThanhPhero]

There.

[arthurus]

No good will come of anything Moslem. Our own choices over there run from Really Bad to Awful.

[DannyTN]

"There"

Grew up in Louisiana and reserve the right to spell things any way I want to.

Besides Homophones are evil.

[cripplecreek]

When this round started the “good” muslims immediately began raping any female dumb enough to get caught on the streets.

[Monkey Face]

I read it. I would not have, had it not been for you. So thanks again!

[bert]

Which means the US $1.4 billion is trivial compared to the largess of others.

The western flank of the Arab league is now nailed down.

There is no distraction from the most important crrent effort, the death of the Assad regime.

The power of money and business is continuing to gain the pper hand over the wacko zealots

I hope FReepers read this piece. It correctly separates the goats from the sheep most don’t even realize exist

[Stosh]

“Spengler”’s always a great read.

One of his key points: Turkey, and presumably now Egypt, are essentially kept on financial life support by Saudi subsidies. Which in effect means that the West is keeping these basket-cases afloat, since it’s our failure to develop our own petroleum reserves (ANWR, off-shore coastal fields, the US equivalent of the Canadian tar sands) that helps keep the cartel’s prices at a level that allows the House of Saud to prop up those losers.

[SunkenCiv]

:’)

[BfloGuy]

Given CATO's theory that trade deficits are linked to low unemployment, Egypt should have a severe worker shortage by now.

I wish I had a link to that. I can't, off the top of my head, understand the connection between employment and trade balances. I'm tempted to call it a crock, but, of course, will not till I've read more.

[DannyTN]

For the record, I think CATO's theory that trade deficits cause low unemployment is indeed a crock. I think CATO will say anything in support of free trades. Promoting Free trade is the reason they were formed in the first place.

Trade deficits by themselves are not strongly linked to unemployment. There is evidence that countries that run long term trade deficits have higher unemployment.

But to run a trade deficit when your own people are unemployed and you are sinking in debt is non-sensical. It's like being unemployed, racking up the debts and yet still hiring someone to mow your grass.

To have import tariffs lower than the taxes on domestic producers is actually an incentive to drive your companies overseas.

[DannyTN]

For the record, I think CATO's theory that trade deficits cause low unemployment is indeed a crock. I think CATO will say anything in support of free trades. Promoting Free trade is the reason they were formed in the first place.

Trade deficits by themselves are not strongly linked to unemployment. There is evidence that countries that run long term trade deficits have higher unemployment.

But to run a trade deficit when your own people are unemployed and you are sinking in debt is non-sensical. It's like being unemployed, racking up the debts and yet still hiring someone to mow your grass.

To have import tariffs lower than the taxes on domestic producers is actually an incentive to drive your companies overseas.