The roots of economic chaos
What Will Rogers said was once funny: "Thank God we don't get all the government we pay for!"
It isn't funny today. We get not only the government paid for by massive takings by force from all of us but even more government paid for by putting our children for generations in debt, massive borrowing and running the money printing presses like mad.
Worse this is supported by officially sanctioned economic doctrine. Keynes and latter day disciples like Krugman claim that spending and "demand" are the engines of wealth and that the only investment in production ta actually helps is from government. You couldn't make this crap up.
It isn't funny today. We get not only the government paid for by massive takings by force from all of us but even more government paid for by putting our children for generations in debt, massive borrowing and running the money printing presses like mad.
Worse this is supported by officially sanctioned economic doctrine. Keynes and latter day disciples like Krugman claim that spending and "demand" are the engines of wealth and that the only investment in production ta actually helps is from government. You couldn't make this crap up.
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Are the demands of an American millionaire or a poor filth-laden slob in one of the hell-holes of the world somehow different? I think not.
Ideally, (certainly NOT what is at work in the current economic environment wherein it is taught - and you have apparently accepted, that we can "demand" our way to prosperity) the former has REAL money that represents past production that is "unconsumed," with which to demand current and future production. On the other hand the poor wretch wishes he might be able to "demand" same, though owing to not having been able to first produce more than he has consumed, has little or nothing with which to "demand."
"Demanding" or consuming your way to prosperity is much like f...ing on behalf of virginity.
Let's all vote for Bernie so our kids can have a free education. Pot will be free too.
Everything will be hunky dory. It's flower power, y'all.
Who says we can eat our cake and have ti too?
Excuse me. Time to contemplate my navel.
http://www.usdebtclock.org/
Stop Enabling
Take Control
Make Change
Or if you like the way things are going vote Democrat or Republican. Doesn't matter which. It's the same party and come to think of it they are the only ones allowed to have candidates on the ballot.
Thanks to you.
Gilder, George (2013-06-10). Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World (p. 65). Regnery Publishing. Kindle Edition.
1 James Livingston, Against Thrift: Why Consumer Culture Is Good for the Economy, the Environment, and Your Soul (New York: Basic Books, 2011).
More from Livingston..
"Between 1900 and 2000, real gross domestic product per capita (the output of goods and services per person) grew more than 600 percent. Meanwhile, net business investment declined 70 percent as a share of GDP. What’s more, in 1900, almost all investment came from the private sector— from companies, not from government— whereas in 2000, most investment was either from government spending (out of tax revenues) or “residential investment,” which means consumer spending on housing, rather than business expenditure on plants, equipment and labor. 5 Business investment is, meanwhile, an actual hazard: So corporate profits do not drive economic growth— they’re just restless sums of surplus capital, ready to flood speculative markets at home and abroad. In the 1920s, they inflated the stock market bubble, and then caused the Great Crash. Since the Reagan revolution, these superfluous profits have fed corporate mergers and takeovers, driven the dot-com craze, financed the “shadow banking” system of hedge funds and securitized investment vehicles, fueled monetary meltdowns in every hemisphere and inflated the housing bubble…. Consumer spending is not only the key to economic recovery in the short term; it’s also necessary for balanced growth in the long term…. [W] e consumers need to save less and spend more in the name of a better future. 6"
6 Livinston, “It’s Consumer Spending, Stupid!”
Gilder, George (2013-06-10). Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World (p. 305). Regnery Publishing. Kindle Edition.
As for your comment on demand driven back it up with facts and prove the use of 'never' same as before couch potato rhetoric with no proofs offered.
Nyet nyet no change the subject. Back up your statement with something besides .....nothing.