Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (276919)	9/18/2010 3:25:29 PM
From: yard_man	Read Replies (2) \| Respond to of 306849

call me names -- that's fine still, I'll give you a reasoned response, giving them make-work will not make them better off -- at best, where the real pool of funding would support it for a time -- it simply enlarges the welfare state -- further depletes saving and goods that can be used for production to hire them at sometime in the future at the same time, it further shrinks the pool of real funding, ensuring that EVEN more will join their ranks the pertinent question is this: Will printing money and simply giving it to these individuals help the state of the economy upon which they and we all depend for our future well-being? I can answer that unequivocally: NO. Printing money does not call in to being ex nihilo goods that were not being produced or the capital goods required to produce them -- printing and paying unemployment for and extended period of time -- will only 1) increase the ranks of the unemployed and 2) make it harder, not easier for them to get jobs in the future if I am full of it -- refute this -- tell me how giving money to people who are not engaged in the production of good and services that others can and want to buy -- will call forth greater prosperity -- tell me how that works there's no doubt -- the economy is in deep sh*t -- and some temporary measures can mask that by consuming real economic savings -- but once that is consumed (I think we are there, my friend) -- what then -- you can give the unemployed all the money you want -- but what will be the point?? bottom line: we have a long term adjustment to make in this country -- there are 2 emergency measures that will help 1) drastically cutting expenditures on the part of the federal government 2) reduced interference in all aspects of the job market Have you ever accepted a job that paid less than one you lost or left? I have -- and many more people will have to do that ... there is not a monetary solution to it -- in fact it makes things WORSE. If market were allowed to clear -- if the Fed would just f'n quit trying to produce inflation to save us -- fewer dollars would go farther and that is EXACTLY what we need now -- it is also OK if folks put off expenditures and SAVE -- this will do nothing but good contrary to the fools you hear on television and the idiot Krugman!!