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	<title>Comments on: Irish Referendum Preview</title>
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	<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=punk-economics-lesson-4</link>
	<description>The website of economist, author and broadcaster, David McWilliams</description>
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		<title>By: Dorothy Jones</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-118309</link>
		<dc:creator>Dorothy Jones</dc:creator>
		<pubDate>Mon, 04 Jun 2012 19:50:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-118309</guid>
		<description><![CDATA[I like Punk Economics...it&#039;s brilliant!]]></description>
		<content:encoded><![CDATA[<p>I like Punk Economics&#8230;it&#8217;s brilliant!</p>
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		<title>By: Georg R. Baumann</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117914</link>
		<dc:creator>Georg R. Baumann</dc:creator>
		<pubDate>Wed, 30 May 2012 18:46:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117914</guid>
		<description><![CDATA[I like it!

Suggestion: 

Your mileage may differ, in my opinion, and I am sure you read it already, China etc., I am emphasizing since two months that the biggest Lie presented now, which was started by Draghi, is the Growth lie. 

So where is growth coming from?  Punk Economics part 5?

There is not growth like in the 30s where the Industry was booming, and chances are there will be none in this small time available, this is the biggest differentiator to the 30s of all.

Best
Georg]]></description>
		<content:encoded><![CDATA[<p>I like it!</p>
<p>Suggestion: </p>
<p>Your mileage may differ, in my opinion, and I am sure you read it already, China etc., I am emphasizing since two months that the biggest Lie presented now, which was started by Draghi, is the Growth lie. </p>
<p>So where is growth coming from?  Punk Economics part 5?</p>
<p>There is not growth like in the 30s where the Industry was booming, and chances are there will be none in this small time available, this is the biggest differentiator to the 30s of all.</p>
<p>Best<br />
Georg</p>
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		<title>By: David McWilliams &#187; The Game is Only Beginning</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117787</link>
		<dc:creator>David McWilliams &#187; The Game is Only Beginning</dc:creator>
		<pubDate>Mon, 28 May 2012 13:12:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117787</guid>
		<description><![CDATA[[...] See Punk Economics 4 on You Tube for an alternative view of the fiscal treaty.            tweetmeme_url = &#039;http://www.davidmcwilliams.ie/2012/05/28/the-game-is-only-beginning&#039;;              Categories: Articles &#124; Sunday Business Post Next Article:  Fiscal treaty is Kamikaze economics for most of EU           Upload a Gravatar to include a profile picture with your comment. Add your comment below.          Click here to cancel reply.  You must log in to post a comment.               April 3, 2012   Re Eircom Examinership this week, thoughts from 2000 on similarity between Railway Mania and Eircom    May 28, 2012   The Game is Only Beginning    May 18, 2012   Punk Economics &#8211; Lesson 4    February 10, 2012   Audio: The Champagne is Flowing Again    January 4, 2012   David McWilliams Interview with Alistair Darling             Speaking News Interviews Podcasts Publications - The Pope&#039;s Children - The Generation Game - Follow the Money - Addicted to Money   Articles - Banks - Celtic Tiger - Debt - Euro - International Economy - Ireland - Irish Economy - Irish Independent - Markets - People - Politics - Property - Sunday Business Post   Home About Contact Register Subscribe Log In Edit your Profile Manage Subscriptions     @BirdCourter thanksFollow David on Twitter        &#169; David McWilliams 2011  Web Design by Susan Gallagher Design [...]]]></description>
		<content:encoded><![CDATA[<p>[...] See Punk Economics 4 on You Tube for an alternative view of the fiscal treaty.            tweetmeme_url = &#039;<a href="http://www.davidmcwilliams.ie/2012/05/28/the-game-is-only-beginning&#038;#039" rel="nofollow">http://www.davidmcwilliams.ie/2012/05/28/the-game-is-only-beginning&#038;#039</a>;;              Categories: Articles | Sunday Business Post Next Article:  Fiscal treaty is Kamikaze economics for most of EU           Upload a Gravatar to include a profile picture with your comment. Add your comment below.          Click here to cancel reply.  You must log in to post a comment.               April 3, 2012   Re Eircom Examinership this week, thoughts from 2000 on similarity between Railway Mania and Eircom    May 28, 2012   The Game is Only Beginning    May 18, 2012   Punk Economics &#8211; Lesson 4    February 10, 2012   Audio: The Champagne is Flowing Again    January 4, 2012   David McWilliams Interview with Alistair Darling             Speaking News Interviews Podcasts Publications &#8211; The Pope&#039;s Children &#8211; The Generation Game &#8211; Follow the Money &#8211; Addicted to Money   Articles &#8211; Banks &#8211; Celtic Tiger &#8211; Debt &#8211; Euro &#8211; International Economy &#8211; Ireland &#8211; Irish Economy &#8211; Irish Independent &#8211; Markets &#8211; People &#8211; Politics &#8211; Property &#8211; Sunday Business Post   Home About Contact Register Subscribe Log In Edit your Profile Manage Subscriptions     @BirdCourter thanksFollow David on Twitter        &#169; David McWilliams 2011  Web Design by Susan Gallagher Design [...]</p>
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		<title>By: Paul Ferguson</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117507</link>
		<dc:creator>Paul Ferguson</dc:creator>
		<pubDate>Tue, 22 May 2012 11:37:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117507</guid>
		<description><![CDATA[Very entertaining and factual take on things as usual. I still don&#039;t think we can solve anything until we have a better understanding of banking though. 

I hope everyone&#039;s aware that cash forms only 3% of the European money supply and that banks create the 97% through loans? This is why every euro has it&#039;s corresponding debt and for me it&#039;s obviously the root cause of the debt crisis.

Every Euro carries a debt. At the moment Germany has a lot of euros but, relatively, not much debt.

If Germany paid more Euros to the periphery then Germany would have less Euros and a relatively higher debt itself. And still, every Euro would have its corresponding debt and the Eurozone debt crisis is not resolved.

There are many disadvantages to allowing banks to create the national money supply, not least that they can only create every Euro with a matching debt.

One solution to the crisis would be to allow Central Banks to create digital Euros for their Governments as well as cash.

If we were fully against the idea of private companies creating the national money supply we could further control banks such that they could only lend existing money which was invested with them.]]></description>
		<content:encoded><![CDATA[<p>Very entertaining and factual take on things as usual. I still don&#8217;t think we can solve anything until we have a better understanding of banking though. </p>
<p>I hope everyone&#8217;s aware that cash forms only 3% of the European money supply and that banks create the 97% through loans? This is why every euro has it&#8217;s corresponding debt and for me it&#8217;s obviously the root cause of the debt crisis.</p>
<p>Every Euro carries a debt. At the moment Germany has a lot of euros but, relatively, not much debt.</p>
<p>If Germany paid more Euros to the periphery then Germany would have less Euros and a relatively higher debt itself. And still, every Euro would have its corresponding debt and the Eurozone debt crisis is not resolved.</p>
<p>There are many disadvantages to allowing banks to create the national money supply, not least that they can only create every Euro with a matching debt.</p>
<p>One solution to the crisis would be to allow Central Banks to create digital Euros for their Governments as well as cash.</p>
<p>If we were fully against the idea of private companies creating the national money supply we could further control banks such that they could only lend existing money which was invested with them.</p>
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		<title>By: Why I&#8217;m Voting NO &#187; CreativelyMaladjusted.net</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117505</link>
		<dc:creator>Why I&#8217;m Voting NO &#187; CreativelyMaladjusted.net</dc:creator>
		<pubDate>Tue, 22 May 2012 11:14:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117505</guid>
		<description><![CDATA[[...] David McWilliams Â» Punk Economics — Lesson 4 [...]]]></description>
		<content:encoded><![CDATA[<p>[...] David McWilliams Â» Punk Economics — Lesson 4 [...]</p>
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		<title>By: Bigman1</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117484</link>
		<dc:creator>Bigman1</dc:creator>
		<pubDate>Mon, 21 May 2012 23:38:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117484</guid>
		<description><![CDATA[Hello David. Why don&#039;t you go on Vincent Brown or the Frontline and air your views on whats going on to the general public. Not enough people will get to hear your arguments through social media.TV is still king.]]></description>
		<content:encoded><![CDATA[<p>Hello David. Why don&#8217;t you go on Vincent Brown or the Frontline and air your views on whats going on to the general public. Not enough people will get to hear your arguments through social media.TV is still king.</p>
]]></content:encoded>
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		<title>By: tsoparno</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117439</link>
		<dc:creator>tsoparno</dc:creator>
		<pubDate>Sun, 20 May 2012 20:14:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117439</guid>
		<description><![CDATA[http://s1134.photobucket.com/albums/m615/tsoparno/?action=view&amp;current=treaty.jpg

Here&#039;s a basic flyer I just put together with the above points.]]></description>
		<content:encoded><![CDATA[<p><a href="http://s1134.photobucket.com/albums/m615/tsoparno/?action=view&#038;current=treaty.jpg" rel="nofollow">http://s1134.photobucket.com/albums/m615/tsoparno/?action=view&#038;current=treaty.jpg</a></p>
<p>Here&#8217;s a basic flyer I just put together with the above points.</p>
]]></content:encoded>
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		<title>By: Pauldiv</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117411</link>
		<dc:creator>Pauldiv</dc:creator>
		<pubDate>Sat, 19 May 2012 15:10:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117411</guid>
		<description><![CDATA[The six points you listed would look persuasive printed under a good slogan. Just the facts ... providing they are facts of course

People have no appetite for reading long documents. A flier with a slogan and the six points printed and posted on the streets. A good logo and eye catching colours. 1930s political pamphlets from Eastern Europe had great designs and the power to penetrate even the thickest of skulls

Convince a printer to vote no then ask them to sponsor you by printing hundreds of leaflets and putting them up all over Skerries. Keep a blog with a view of creating further campaigns in the future so that you don&#039;t become dated after May 31. Keep it local and get as much support around Skerries as possible. Create a Facebook page and get networking locally

Your blog could have regular articles and polls to measure your efforts and you could use YouTube videos with your own text to educate people about Irish and European affairs. If you hold meetings you could video them and post these too

All the best with it and keep us updated. Then again you do don&#039;t have a blog. Or do you?]]></description>
		<content:encoded><![CDATA[<p>The six points you listed would look persuasive printed under a good slogan. Just the facts &#8230; providing they are facts of course</p>
<p>People have no appetite for reading long documents. A flier with a slogan and the six points printed and posted on the streets. A good logo and eye catching colours. 1930s political pamphlets from Eastern Europe had great designs and the power to penetrate even the thickest of skulls</p>
<p>Convince a printer to vote no then ask them to sponsor you by printing hundreds of leaflets and putting them up all over Skerries. Keep a blog with a view of creating further campaigns in the future so that you don&#8217;t become dated after May 31. Keep it local and get as much support around Skerries as possible. Create a Facebook page and get networking locally</p>
<p>Your blog could have regular articles and polls to measure your efforts and you could use YouTube videos with your own text to educate people about Irish and European affairs. If you hold meetings you could video them and post these too</p>
<p>All the best with it and keep us updated. Then again you do don&#8217;t have a blog. Or do you?</p>
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		<title>By: pauloriain</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117387</link>
		<dc:creator>pauloriain</dc:creator>
		<pubDate>Sat, 19 May 2012 07:06:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117387</guid>
		<description><![CDATA[Excellent update.]]></description>
		<content:encoded><![CDATA[<p>Excellent update.</p>
]]></content:encoded>
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		<title>By: Puschkin the Black and White Cat</title>
		<link>http://www.davidmcwilliams.ie/2012/05/18/punk-economics-lesson-4/comment-page-1#comment-117386</link>
		<dc:creator>Puschkin the Black and White Cat</dc:creator>
		<pubDate>Sat, 19 May 2012 01:35:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=5228#comment-117386</guid>
		<description><![CDATA[Please Comment, we have canvassed the town of Skerries for 1 week now, we have just 2 teams of two people. We are NOT funded. We have NO contact with any political party. We need help.  Please help us. We are local people from Skerries and we need support.  We see how this will go (into the future) so help us, if you are from Skerries and you want to help contact us and make a difference.]]></description>
		<content:encoded><![CDATA[<p>Please Comment, we have canvassed the town of Skerries for 1 week now, we have just 2 teams of two people. We are NOT funded. We have NO contact with any political party. We need help.  Please help us. We are local people from Skerries and we need support.  We see how this will go (into the future) so help us, if you are from Skerries and you want to help contact us and make a difference.</p>
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