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To: ahhaha who wrote (323)8/10/1999 6:52:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 587
 
Oh Wise One: Good post (again). Some of the readers here
and elsewhere need some lessons in economic history. (Sure,
it's "different this time".) It's always "different" and
the more different it is - the more it remains the same.
BWDIK.
Don



To: ahhaha who wrote (323)6/12/2002 11:54:06 AM
From: yard_man  Respond to of 587
 
>>That is, one form that savings takes is investment. <<

Sounds like hogwash to me. Paper created and exchanged for other paper -- that isn't savings -- it's paper. Saving is foregone consumption that frees up real resources for capital accumulation. Increasing the outstanding demands on existing assets or inflating them doesn't provide a base for the economy to expand.


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