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.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (4497)6/8/2001 5:24:07 AM
From: Maurice Winn  Read Replies (1) of 74559
 
<<Saving can be done by way of share ownership. >> < that's investing, not saving. i know it is nowadays popularly confused, but it is really not the same thing.>

Hang on a minute, I was replying to what you wrote:

>all an additionally printed dollar does is debase the value of all remaining outstanding dollars. no value is created, it's just a piece of paper. what it DOES do, is punish all savers.>

I agree that buying shares is investing and I was sloppy in usage, but savings is the process of having surplus coconuts. If the coconuts are being stolen or inflated, as is the case with Green$pan printing, I was suggesting that all savings be converted immediately to shares. That way, there is no punishment to savers who prefer not to own the inflated money.

I don't think that printing money creates value [other than as a way of funding the management of the money supply]. I did say that most people consider the government taking the coconuts [by slyly printing more credit notes for coconuts] is creating social value better than is created by individuals keeping their coconuts for themselves. I happen to disagree with that idea [for nearly all government spending].

Reading Jay's early Chinese adventures, I dare say he agrees that governments confiscating people's coconuts, sausages and nausages does not create value.

Mqurice
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