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


To: Neocon who wrote (344288)1/17/2003 4:18:52 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769670
 
Hmmm.. Why is Econ 101 not working right now?



To: Neocon who wrote (344288)1/17/2003 4:21:02 PM
From: ThirdEye  Read Replies (1) | Respond to of 769670
 
I am genuinely surprised that you seem to buy voodoo economics hook, line and sinker. Please explain how it will reduce class size, or insure that your 911 call is answered, or that your house will be saved before burning to the ground.



To: Neocon who wrote (344288)1/17/2003 4:26:17 PM
From: TigerPaw  Read Replies (2) | Respond to of 769670
 
Or they bank or directly invest it, in which case it is used to create or expand businesses, and therefore provide jobs,

If you stay awake until the end of the Econ 101 class you find that capital is also subject to supply and demand. When there is more capital available than there is demand for it loses it's value. One way it loses value is to wind up in unproductive investments and bubbles.

TP



To: Neocon who wrote (344288)1/17/2003 4:41:01 PM
From: Johannes Pilch  Read Replies (2) | Respond to of 769670
 
This is exactly right, Neo. I tried telling this to TP. Those with money cannot possibly preserve it without helping others. And they cannot consume it without also helping others. Ultimately, they will cause jobs for precisely the reason you've mentioned...