Starbuck wrote:
Doug,
The marketplace responds fairly quickly to inflationary pressure, just ask
Germans who lived during the 40's how quickly the marketplace reacts to an
increase in money supply without an increase in productivity.
Are you suggesting it is ok to create rampant inflation in an effort to try
to give the appearance of helping the less fortunate? After all, the old on
fixed income have lived a good life, it is more important that we give the
appearance of helping the poor.
Might be better to just distribute the existing pie better.
example...a law that would limit a CEO's salary to ten times the lowest
workers salary. Those who deserve it would still earn more...the gap
wouldn't be as big. Outrageous that CEOs are leading large companies
into bankruptcy while earning in the millions.
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