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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (322)	4/20/2003 10:24:25 PM
From: yard_man	Read Replies (1) \| Respond to of 4914

another pt I hit by accident and you elaborated is the matter of timeframe -- lasting value versus transitory wealth creation. I do like the Austrian approach -- wealth creation having to do with what enables productive capacity to be increasingly used to more efficiently meet the needs / wants of consumers, i.e. best employment of productive assets from the POV of all the actors in the marketplace.

To: GraceZ who wrote (322)	4/20/2003 10:27:34 PM
From: LLCF	Read Replies (1) \| Respond to of 4914

<What I do know is that the value that I create every day when I work makes me money, so for the purposes of saving for retirement, paying down debt, creating savings that is wealth creation for me personally. > But all that could happen for you even if you destroyed value. That said, of course the cake has been getting bigger over time according to accepted laws of economics, but there is little reason to believe that it would always be the case on a year over year or even decade over decade case. Would I bet against it? No. Would I bet on it? Depends, would be my answer... would it make me happier? :) DAK