Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (157736)	7/4/2001 10:54:59 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769667

Fall >>>>The reason is the existence of a genuine trade-off between these mutually exclusive objectives The trade off was real in the past as little surplus or much less surplus of goods was available and massive armies were required. In America today the manufacturing technology is so efficient and in that monies go toward advancing technology of war that make it even more efficient and this advances many technologies that have direct application to making an economy even more efficient. The trade off is also still true in backward countries like China and the Russia I feel that more investment in defense leads to more butter for all over giving away the butter now. Giving away the butter leads to more dependence and the need to give away more butter and more butter and more an more poverty. tom watson tosiwmee

To: puborectalis who wrote (157736)	7/5/2001 10:59:38 AM
From: ManyMoose	Respond to of 769667

I took that course in economics too, but the examples survive only as long as you ignore their function. The function of guns is food procurement and defense. The function of butter is, to be charitable, food. So, with more guns you have more food and nobody takes it away from you. With more butter, you get more food but somebody takes it away from you, so you have fewer guns and less butter. <<<<The reason is the existence of a genuine trade-off between these mutually exclusive objectives, in that more of one implies less of the other. >>>>