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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (103847)	2/11/2009 6:18:37 PM
From: Bread Upon The Water	Read Replies (3) \| Respond to of 541960

I've heard that. We need an economist on this thread to translate--or least answer my questions. My view of it, which may be wrong, is that real wealth creation involves creating something people want as opposed to printing more money. The latter will sustain demand for a while but eventually the currency cheapens (rampant inflation)(as more and more dollars chase the same things) and the economy collapses. This, I'm sure, is big oversimplification, but at the end of the day if I'm not basically correct I'd sure like to know why--in langauge I can understand. The people who have to eat will still have to eat--and we probably can feed them fairly cheaply. But wealth creation is something that enhances the ability to produce something or produces it. And that has to come before social safety net stuff necessarily--as it pays the bills.