SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: combjelly who wrote (766521)1/28/2014 6:46:43 PM
From: Joe Btfsplk  Read Replies (1) of 1575688
 
An extra $428 per person for the poorest 3.5 billion people would be a tremendous boost to the world's economy...cause a boom that would last for years

If I had the ability to thoroughly address the depth of your error I'd surely lack the patience. Any benefits under your scenario would begin a rapid dissipation the day it occurred, then ruin.

Your confusion probably results from the alchemist nonsense that Keynes and his disciples introduced that found purchase in a miserably deficient educational system and the resulting media institutions. If you examine history you'll find no instance where purloined money strewn about led to good result.

Learning what money really is might furnish one path to understanding. Money is not wealth; until too inflated it is a claim on wealth, the language of commerce that conveys bytes of information in the unknowable complex process chains that generate wealth over time. We today use the same resources available to our ancestry in millenia gone. We do better thanks to the evolution of capitalism that began a mere five centuries past, with wide benefit to the poorest only commencing a few decades ago. Where alternatives have prevailed results have ranged from inferior to tragic.

This is a complex subject that takes years to understand. There are some knowledgeable posters (on the right) here who offer the occasional bread crumb leading to worthwhile trails. You might try following some.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News