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Tuesday, May 12. 2009National Temperaments Explain Reactions to Economic CrisisPosted by Editors in International Economics on Tuesday, May 12. 2009 Philip Stephens is spot on in the Financial Times: The transatlantic argument about the right response to the global recession has been one rooted in temperament. Americans prefer to throw everything into fixing todays problems and to worry about tomorrow, well, tomorrow. Continental Europeans fret about what might happen tomorrow if they throw caution to the winds today. The British are usually somewhere in the middle. Another way of saying this is that Americans are happy to take risks while Europeans strive to avoid them. This is as often reflected in their respective economic performances during good times as in their reactions at moments of crisis. Gamble-everything entrepreneurs are much more likely to be found on the US side of the Atlantic. Trackbacks
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John in Michigan, USA
- #1 - 2009-05-12 19:43 - (Reply)
Wow, there are a lot of great quotes in that article. Sorry, this one is sort of long: Comments ()
Don S
- #2 - 2009-05-12 22:29 - (Reply)
"Gamble-everything entrepreneurs are much more likely to be found on the US side of the Atlantic." Comments ()
Zyme
- #3 - 2009-05-13 15:57 - (Reply)
Those national temperaments not only seem to explain reactions to the Economic Crisis - they also seem to influence how governments react to killing sprees. Comments ()
John in Michigan, USA
- #3.1 - 2009-05-13 17:36 - (Reply)
In general, if an American sees on the news that there has been a shooting spree, he will assume it is a non-political act (madman, drug gang, mafia gang, etc.) until proven otherwise. Whereas, if he hears about a bombing, he will assume it is political until proven otherwise. These are of course generalizations. Comments ()
Zyme
- #3.1.1 - 2009-05-13 17:40 - (Reply)
Thank you for the info - nice comparison with bombings. Comments ()
SC
- #3.1.1.1 - 2009-05-13 18:04 - (Reply)
Zyme, Comments ()
Zyme
- #3.1.1.1.1 - 2009-05-13 20:52 - (Reply)
I can't tell how frustrating this is, to see one's government to be so completely out of touch with reality, to see all kinds of experts fully denying any use of these measurements and the cabinet ignoring them alltogether. Comments ()
Don S
- #3.1.1.1.1.1 - 2009-05-13 21:02 - (Reply)
The time may have come for Germans to express your feelings, personally, Zyme. Comments ()
Zyme
- #3.1.1.1.1.1.1 - 2009-05-13 21:09 - (Reply)
Ha how I'd love to do that. In the federal cabinet alone there are at least 3 members with which I would have a hard time deciding whom to hit first :) Comments ()
Don S
- #3.1.1.1.1.1.1.1 - 2009-05-15 00:12 - (Reply)
My first thought was of your internationally esteemed Finance Minister, but on second thought - no. Comments ()
Zyme
- #3.1.1.1.1.1.1.1.1 - 2009-05-15 19:14 - (Reply)
Believe it or not, I like him. It's refreshing to see how he can treat our neighbours, when only a few years ago this would have instantly cost him his job. Comments ()
Don S
- #3.1.1.1.1.1.1.1.1.1 - 2009-05-15 20:02 - (Reply)
Perhaps. But what I was getting at is that we must cherish the clowns in such posts - while we have them! He reminds me of James Watt, Reagan's first Interior Secretary. Unconcious Comments ()
Zyme
- #3.1.1.1.1.1.2 - 2009-05-14 12:26 - (Reply)
It looks like many people expressed their anger via mailing their parliamentarians - as a consequence, banning paintball seems out of the question until the general elections in autumn, as the government all of a sudden now first wants to "determine how dangerous the game really is" Comments ()
SC
- #3.1.1.1.1.1.2.1 - 2009-05-14 15:37 - (Reply)
Ahhhh . . . a little wake-up call from the voters, eh? Very good. Comments ()
SC
- #3.2 - 2009-05-13 17:57 - (Reply)
Zyme, Comments ()
Zyme
- #3.2.1 - 2009-05-13 21:05 - (Reply)
The US legal system is very different from ours - anyway thank you, this helps me getting an insight into how this is handled in a US state. It seems it is not so totally different from here, regarding "proper permits and authorizations", which are decisive here. Comments ()
Pat Patterson
- #3.2.2 - 2009-05-13 23:11 - (Reply)
And to add a little more confusion some states can issue concealed weapons permits if they want to and some are required to unless that person is in a narrow band of people inelgible under any circumstance; minors, felons, etc. Comments ()
Kevin Sampson
- #3.3 - 2009-05-14 15:52 - (Reply)
http://www.mtv.com/news/articles/1585569/20080415/id_0.jhtml Comments ()
Zyme
- #3.3.1 - 2009-05-14 18:09 - (Reply)
Thank you. Comments ()
Pat Patterson
- #3.3.1.1 - 2009-05-14 18:52 - (Reply)
Have you seen what passes for a campus police officer? I'd feel safer knowing that every 100 lb coed is armed to the teeth in case I get mugged in the parking lot. Plus the group you mention is not the actual officers themselves but rather the campus administrators, usually a provost or VP, charged with overseeing campus security. Comments ()
Kevin Sampson
- #3.3.1.2 - 2009-05-14 21:18 - (Reply)
I can see where the possibility of blue-on-blue engagements where the police arrive in the middle of an on-going incident would be a real concern. However, this potential exists in every state that has a concealed carry law, and not just on college campuses. One of the things that is drilled into everyone who takes the training required for a concealed carry permit is that when the cops show up and say 'put down your weapon', you obey instantly. Anyone who doesn't will likely get killed. As far as I know, confusion regarding red vs. blue has not been a much of a problem. Comments ()
Pat Patterson
- #3.3.1.2.1 - 2009-05-14 22:18 - (Reply)
In the interests of hyperbole I left the impression that all campus police or security have close ties to Barney Fife but I know that isn't true. Comments ()
Kevin Sampson
- #3.3.1.3 - 2009-05-14 21:29 - (Reply)
PS - 'here the principle rules that the state has a "monopoly on power", and can protect its citizens' Comments ()
John in Michigan, USA
- #3.3.1.4 - 2009-05-15 03:56 - (Reply)
"Plus here the principle rules that the state has a "monopoly on power", and can protect its citizens." Comments ()
Zyme
- #3.3.1.4.1 - 2009-05-15 12:53 - (Reply)
"Granted, some countries define self-defense quite narrowly. For example, in Western Europe defense of property is typically not considered self-defense." Comments ()
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