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#2
posted to rec.boats
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Where's the stimulus?
On 2/20/2011 8:50 PM, wrote:
On Sun, 20 Feb 2011 17:19:05 -0700, wrote: On 19/02/2011 12:20 PM, BAR wrote: In , says... On Sat, 19 Feb 2011 08:11:53 -0800, wrote: Unemployment benefits are one of the MOST stimulative things around. I don't think there's any evidence for that. A lot of smart people would argue that new infrastructure projects, as long as they're really needed, not only create jobs but also leave behind something of long term value. More importantly they increase the velocity of money flow which is a basic economic principle. Look I have money in my left hand. Close your eyes. No open your eyes. No the money is in my right hand. It is the same money it has just been moved from one hand to the other. There has been no wealth creation. There is no new money. There is no increase in the amount of money. It is all just slight of hand. Correct. Government can only confiscate it and inefficiently redistribute it. 100% of government si consumption based. What makes real money is like a cotton grower. Makes cotton where no cotton previously existed before. That is a wealth producing job. Trouble is too many consumers and not enough producers. We pay far too many to be government and bankers, not enough pay for producers like growers, miners, etc. Same problem when Rome fell, too many academics, politicians and parasites on the governments behind. Not enough producers to support the size of the system. Incorrect. You don't know how an economy functions. You're an idiot, and you're worse, you're an uneducated idiot. Jessie DE Plume, you certainly are making a fool of yourself tonight. |
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#3
posted to rec.boats
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Where's the stimulus?
On 2/20/2011 8:50 PM, wrote:
On Sun, 20 Feb 2011 17:19:05 -0700, wrote: On 19/02/2011 12:20 PM, BAR wrote: In , says... On Sat, 19 Feb 2011 08:11:53 -0800, wrote: Unemployment benefits are one of the MOST stimulative things around. I don't think there's any evidence for that. A lot of smart people would argue that new infrastructure projects, as long as they're really needed, not only create jobs but also leave behind something of long term value. More importantly they increase the velocity of money flow which is a basic economic principle. Look I have money in my left hand. Close your eyes. No open your eyes. No the money is in my right hand. It is the same money it has just been moved from one hand to the other. There has been no wealth creation. There is no new money. There is no increase in the amount of money. It is all just slight of hand. Correct. Government can only confiscate it and inefficiently redistribute it. 100% of government si consumption based. What makes real money is like a cotton grower. Makes cotton where no cotton previously existed before. That is a wealth producing job. Trouble is too many consumers and not enough producers. We pay far too many to be government and bankers, not enough pay for producers like growers, miners, etc. Same problem when Rome fell, too many academics, politicians and parasites on the governments behind. Not enough producers to support the size of the system. Incorrect. You don't know how an economy functions. You're an idiot, and you're worse, you're an uneducated idiot. Jessie DE Plume, you certainly are making a fool of yourself tonight. |
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