Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (65652)	6/29/2005 7:12:15 AM
From: elmatador	Read Replies (2) of 74559

Capital has to go to where the economy can make the best use of it. I'm not saying that there are no lousy financial policies in the Zimbabues of this world. I'm saying capital will run out of the places where it is being destroyed. And that's good. A few cases: Gimmicks to put money hwre it is not necessary. Example: the Y2K spending spree. Economic Bubbles bursting. Airlines bankrupt and still flying. $400billion on defense and $207 billion on agriculture subsidies. $207 billion on agriculture subisidies. Subsidies takes money from productive sectors of the economy and buys votes. Is this clever? Do you call $400billion money used wise?

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