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Major database problem – Update 2

Dear Readers: My blog database was accidentally over-written and I lost last week’s blogs and comments. Thanks to the great advice and assistance from readers I have recovered all the text and the comments for Friday’s blog (May 27, 2011). I am unable at this stage to recover the comments for the blogs between May 23-26, 2011. If anyone has an archive of any of those days in their cache or copies of the posts with the comments then I would appreciate them so I can re-enter the comments into the database. I am sorry that I have denied a voice to those who took the time to contribute to our community here. So please E-mail me any snippets you might have.

Some kind readers have sent me some cached versions of the comments I lost. Here is a reckoning as at late Sunday night of the loss:

Saturday Quiz – May 28, 2011 (May 28th, 2011) Had ? Have 0 Loss to date ? (100 per cent)

We should ban financial speculation on food prices (May 27th, 2011) Had 21 Have 21 Loss to date 0 (0 per cent)

The role of bank deposits in Modern Monetary Theory (May 26th, 2011) Had 15 Have 10 Loss to date 5 (33 per cent)

Default is the way forward (May 25th, 2011) Had 30 Have 30 Loss to date 0 (0 per cent)

The IMF needs a budget deficit-biased head (May 24th, 2011) Had 13 Have 7 Loss to date 6 (46 per cent)

I am looking for the tooth fairy too (May 23, 2011) Had 21 Have 0 Loss to date 21 (100 per cent)

Once again I am sorry to those who took the time to contribute. I still hope we can regain some of the lost comments.

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    This Post Has 8 Comments
    1. The RSS feed was not working for awhile now, so I subscribed to email. This is from the latest email:

      Saturday Quiz – May 28, 2011

      Posted: 27 May 2011 11:00 AM PDT

      Welcome to the billy blog Saturday quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following six questions. Your results are only known to you and no records are retained.

      1. A sovereign national government has to raise tax revenue to allow it to fulfill its political mandate.


      2. Assume that the national accounts of a nation is reveal that its external surplus is equivalent to 2 per cent of GDP and the private domestic sector is saving overall 3 per cent of GDP. We would also observe:

      A budget deficit equal to 1 per cent of GDP.
      A budget surplus equal to 1 per cent of GDP.
      A budget deficit equal to 5 per cent of GDP.
      A budget surplus equal to 1 per cent of GDP.

      3. While bank lending is capital constrained a further constraint on excess lending would be created by regulators if a 100 per cent reserve ratio (that is, all loans had to be backed by reserves) was imposed.


      4. Recipients of income support provided by the national government are living off the hard work of those who pay income taxes.


      5. Premium Question: Assume the current public debt to GDP ratio is 100 per cent and that the nominal interest rate and the inflation rate remain constant and zero. Under these circumstances it is impossible to reduce a public debt to GDP ratio, using an austerity package if the rise in the primary surplus to GDP ratio is always exactly offset by negative GDP growth rate of the same percentage value.


    2. Anyone using Apple Mail as their RSS app should have a copy. I have the posts, but alas I never subscribed to the comments RSS feed.

    3. Thanks to all who have sent me material or offered advice. It was all very useful and I have restored the posts that I lost up until today. As yet I have not been able to restore any of the wonderful comments (for or against any viewpoint expressed) and tomorrow I will see what I can do about that. It will be a more laborious process given time stamping and will rely on readers having saved the file (I think).

      But I really appreciate the assistance. As a confession this is what has happened (so that you don’t think I am blaming the software). I am in the process of abandoning PCs and moving to OS X (which allows me to now run virtual machines with linux and/or windows) alongside side OS X on a mac. Very elegant. Unfortunately, I still having ported all my scripts etc across and so I was backing up the databases by hand (and rushing to do something else) and this led me to restore from an earlier backup instead of write over it. Hence the loss of data. The difference? A < instead of a > sign in the script line!

      Thanks again for your very kind and informative assistance.

    4. Good news, I thought it was my fault because I scored 5/5 in the last quiz and that had triggered a data-base self-destruction script.

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