MMT Falsi Miti 1

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Attualità e leggende Parte II

Transcript of MMT Falsi Miti 1

Page 1: MMT Falsi Miti 1

Attualità e leggende Parte II

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I Paesi “virtuosi”

Il principio secondo cui uno Stato deve risparmiare per poter spendere in futuro, principio divenuto legge con i trattati stipulati, inizia a scricchiolare.

A (parziale) smentita di questa famiglia di principi di “salute della finanza pubblica” universalmente riconosciuti, passiamo in rassegna i rapporti deficit/PIL dei principali paesi europei.

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I “PAESI VIRTUOSI” IN RELAZIONE ALL'ENTRATA NELL'EURO.

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Portugal Italy Ireland Greece Spain Germany France

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

Current Account 1996P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

Current Account 1997P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

Current Account 1998P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

Current Account 1999P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

Current Account 2000P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

Current Account 2001P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

Current Account 2002P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

Current Account 2003P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Current Account 2004P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Current Account 2005P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

Current Account 2006P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

Current Account 2007P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

Current Account 2008P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-14.0%

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Current Account 2009P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Current Account 2010P

erc

ent

of

GD

P

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Portugal Italy Ireland Greece Spain Germany France

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Current Account 2011P

erc

ent

of

GD

P

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Il debito pubblico italiano

Sfatiamo qualche mito circa il debito pubblico italiano, di cui sentiamo parlare ogni giorno.

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Nel periodo della “spesa allegra”, come viene chiamata oggi, lo Stato creava ricchezza al netto per i cittadini, creando direttamente ed indirettamente lavoro.Questo circolo virtuoso aveva molte conseguenze nell'economia italiana:

negli anni '80 la Sip era la prima società di telecomunicazioni al mondo. Primato nell'innovazione tecnologica e nella copertura capillare del territorio;

l'accesso al credito per le aziende ed i privati era abbastanza semplice e, di fatto, garantito per legge;

i treni arrivavano sempre in orario e le strade di sera erano sicure.

Il debito pubblico italiano

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- Are US treasury bonds still safe to invest in?

- Very much so. I think this is not an issue of credit rating. The United States can pay any debt it has because we can always print money to do that, so there's a zero probability to default.

Le “confessioni” di Greenspan

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