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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (111422)	2/17/2008 10:16:34 AM
From: Freedom Fighter	Read Replies (1) of 132070

Skeeter, >the straight forward answer to the question i asked is that an oversupply of goods and services suggests trickle up ought to be applied and an under supply of goods and services suggests that a trickle down approach ought to be applied< By the way skeeter, I understood your question but because you actually even asked it, I knew it would lead to another debate over very basic economics. I didn't want to start another discussion where you went off on more political rants, started accusing me of saying and believing things I don't believe so you could attack me etc.... To begin with, it is the economic policies of government and its institutions that tend to lead to the types of excesses and imbalances you describe above. Then the political hacks and idiots want to do more tinkering to stay in office. If it's wasn't so sad I'd have to laugh at the stupidity. There is rarely a valid reason for the government to interfere in the personal preferences of consumers and businesses to save/invest vs. consume as you suggest above. There is no "right" level of each. Preferences and needs change over time and healthy economies can readily adjust to those changes. However, since savings and investment is where long term growth and increased standards of living come from, you certainly don't want to pursue policies that expand consumption and punish savings in order to achieve shorter term stability. That goes triple in a country like the U.S. where consumption is rewarded and saving is often punished. (ask Bernanke and Greenspan for the explanation, I'm tired of this) It is that kind of policy interference (geared toward short term stability rather than long term economic health) that causes so many longer term problems.

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