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To: yard_man who wrote (276967)	9/18/2010 5:22:47 PM
From: bentway	Read Replies (1) \| Respond to of 306849

"Of course, if this were really true it REALLY COULD be fixed by simply printing money and giving it to poor people ..." It really WAS true once! When WE produced all the crap those people would buy. But now, we'd print the money, the poor people would spend it, and the Chinese would bank it and use it to expand THEIR companies and hire more Chinese!

To: yard_man who wrote (276967)	9/18/2010 5:32:49 PM
From: Skeeter Bug	Respond to of 306849

>>Of course, if this were really true it REALLY COULD be fixed by simply printing money and giving it to poor people ...<< they don't print! they issue debt! if they issued debt and gave the proceeds to poor people, society would have to pay it all back WITH INTEREST, meaning society as a whole would be worse off in the long run. ben bernanke isn't counterfeiting, he's taking out national cash advances and then giving the proceeds to buddies while leaving the debts with interest to the citizen slaves! BIG DIFFERENCE! the real question is two fold.. 1. will the fed end debt based money and just start printing? 2. if the fed doesn't will congress kick out the fed and just print themselves. my reading of history says that neither will happen and america is allowed to implode so that the criminal banksters can buy up assets of starving americans for pennies on the dollar... once they oligarchs own almost all of the physical world, then they may inflate. there is a war going on - BIG creditors vs debtors. BIG creditors are running BIG government and they run BIG industry and BIG war complexes.

To: yard_man who wrote (276967)	9/18/2010 8:59:05 PM
From: neolib	Read Replies (1) \| Respond to of 306849

Is this the gist of what you are saying?? Not at all. What I was saying is what I said: Our economy has the production capacity to make more than what we can afford to buy. Which is why we have slack in both employment and factory capacity. I didn't say anything about whether it is possible or not to tinker with our economy in a manner which could magically get demand to exceed capacity. It was your statement that implied we should invest in production capacity which I was pointed out to be incorrect. You objected to payments made to non-productive people instead of investing in productive capacity, and I simply pointed out we have excess productive capacity, so investing in more is not wise.