On 30 Mar 2004 08:52:41 -0800, zerge@hotmail.com (zerge) wrote:
>"Iconoclast" wrote in message news:...
>> "zerge" wrote in message
>> news:f0a1621c.0403291352.7cb8886f@posting.google.com...
>> > "Serafin Hernandez" wrote in message
>> news:<7bOdnYYK6d4dqP7dRVn-uw@bravo.net>...
>> > > "Pomponio Magnus, Gobernador Constitucional del Estado Libre y Soberano
>> > > de Tejas de Santa Anna" wrote...
>> > > > Regarding that quote...trying to justify a peso devaluation and the
>> > > > resulting ills...how is that different from Baby Doc Bush going from a
>> > > > fiscal superavit to the highest deficit ever recorded? Aren't both
>> > > > fiscal debacles? How much is this US deficit due to corruption such
>> > > > as Halliburton (and others) contracts? How much was Aleman's
>> > > > devaluation due to the unique circumstance that the end of WWII meant
>> > > > that the US no longer was buying anything Mexico could produce in
>> > > > terms of raw materials and finished goods? And yes, how much was due
>> > > > to corruption in the Aleman years? Do you have documentation in all
>> > > > of these cases or are you just talking out of your ass? Do you know
>> > > > what the annual GNP growth rate was in the 24 years that encompass the
>> > > > Aleman to Diaz Ordaz regimes? (It averaged around 6-7% annually.) Do
>> > > > you consider that a failure? Is the present Baby Doc deficit an augur
>> > > > for a promissory future and why?
>> > >
>> > > I notice that some people always have the most fantastic explanations
>> > > for Mexico's economic problems. First it was the Revolution, then it
>> > > was the Great Depression, then it was WWII, then it was the end of
>> > > WWII, then it was something else or another, then it was the fall of
>> > > world oil prices, and on and on.
>> > >
>> > > The simplest explanation (see Occam's Razor) is that it is all due
>> > > to corruption and theft. Incompetence may play a part, but I
>> > > personally believe that most of it is outright theft.
>> >
>> > Then you are a fool. What would you prefer
>> > a) Competent but corrupt politicians
>> > b) Honest but incompetent politicians
>> >
>> > I would take a), because if politicians can make the country grow, who
>> > the . cares if they steal billions? Do yo have ANY idea how large
>> > countries are?? Mexicos GDP, adjusted for purchasing power parity,
>>
>> Is this (adjusted for purchasing power parity) some kind of vodoo economics?
>> It sounds kind of like calling illegal aliens "undocumented workers" or
>> redefining fast foot preperation as "manufacturing jobs." Is this adjusted
>> purchasing power parity a way to factor in narco-trafficking and trade in
>> . slaves and people-smuggling into the total economic index?
>
>Iconoclast, you are exposing yourself for the ignorant fool you are. I
>recommend you Google stuff up before making inane comments and looking
>stooooopid. Go get an education or something.
PPP isn't relevant here and is a flawed tool for most analysis anyway.
The adjustment factors depend on the good or goods chosen and fails to
include concepts of utility theory.
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