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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (363229)	12/17/2007 2:05:05 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1577883

CJ, > Now, where did I say anything about taking from hoaders and giving to people who need it? Message 24139470 > In either case, the money winds up in pockets of people who spend it on stuff. In addition, it tends to go into pockets of people who spend much of what they get. So it tends to have a higher velocity than money that goes into tax cuts which tends to go into pockets who don't spend a large of percentage of their income. Back to your original post: > As far as the circulation of money, well, that is what economics is all about. Well duh. Of course it's all about economics. The only debate is which kind, i.e. the free-market kind or the socialist kind. You have argued that the money paid out by the government in the form of salaries is "letting the market do its thing." But where is the money coming from? It comes from either taxes, which represents a drag on the free market (read one of your economics textbooks if you don't understand that), or deficit spending, which is essentially a tax pushed out into the future. In other words, it is NOT "letting the market do its thing." Instead, it is letting government figure out how best to spend the money. And as we all know, government has its own priorities based on who is in charge. That isn't the free market. > While it might have been an ad hom, it does reflect my puzzlement as to the way you are arguing. You know, you could always ask, rather than assume that I don't know economics, or that I'm going into the "realm of religion." Of course, it's a lot easier to try and put me on the defensive than defend your own point, that the circulation of money is all that matters. Tenchusatsu