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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (55342)	11/2/2004 12:58:12 AM
From: rayok	Read Replies (1) \| Respond to of 74559

Of course you are right Maurice. Instead of paying miners to mine, why wouldn't the government pay them to sing, dance, play football, litigate, make bombs, or pontificate? Unproductive activity shouldn't be encouraged.<g> One man's folly, is another man's pleasure. "To boost GDP there could be people who dig up holes and others who fill them in again. The government could print money to pay them to do it. GDP would go up. In a deflationary environment, which we have, thanks to Chinese maths [and Indian maths too these days] and technological development with more done with less, the government can print a LOT of money and still not get inflation and can pay a LOT of people to dig holes and others to fill them in."