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 : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (25887)12/12/2004 9:53:06 PM
From: Elroy JetsonRead Replies (2) of 306849
 
We have finally arrived at the truth. You believe Socialist Monetarism is a superior economic system to a market based Capitalism.

One reason you cite is that Socialist Monetarism provides more loans at a cheaper rate than the market would. Without a hidden Monetarist Tax to provide excessive loans at a subsidized price:

"The very rich who hold the bulk of wealth have little reason to venture out of the safety of their low yield savings accounts in a deflation (or high yield money market accounts in an inflation) to make a return in either environment, therefore what occurs is a lower level of investment activity in productive assets, those which generate new industry and new jobs. -- Grace Zaccardi

The rich would not be driven to put their money to work in productive assets (with higher risk and higher returns)." -- Grace Zaccardi

Message 20850814

In short the reason you are such a vocal supporter of Socialist Monetarism is because you believe it provides more opportunity to a person like yourself than capitalism provides. Like any self-interested zealot, you sneer at other styles of Socialism and other economic systems like Capitalism which do not favor your interests. Yet this may also result from your lack of familiarity with any economic system other than Socialist Monetarism.

Capitalism would not exclude you from the opportunity to work and advance. People like yourself who have limited natural access to capital, other than marrying well, have many opportunities under a capitalist system:

a.) You can save capital from your wages, not so difficult if persons with capital find your work as useful as you imagine it to be;
b.) You can bring in a person with capital as a partner or investor;
c.) You can obtain loans from banks, although these would be more costly and the lending requirements more strict than under Socialist Monetarism. In Capitalist systems banks normally operate as Merchant Banks where they insist on being given an equity stake in your investment in addition to interest.

I think the verdict of history is clear - Socialist Monetarism imposes heavy burdens on the economy and, contrary to your beliefs, is less efficient at increasing wealth and introduces dangerous instabilities which have traumatic consequences for both the rich and the poor.

.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News