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.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (128517)	12/7/2012 10:12:34 AM
From: RetiredNow	1 Recommendation Read Replies (1) \| Respond to of 149317

It's not a strawman, it's a metaphor to help make my point. The thing is that Keynesians believe by printing and borrowing, we create prosperity. But this is an illusion, not real wealth. I have plenty of friends who spend a lot of money and don't have one dime in the bank for retirement. I have cheap cars and modest house and I don't spend a lot of money, except on vacations. I have a very large retirement nest egg that my wife and I built over the last 20 years and my kids will emerge from college debt free. I won't need a dime of SS and Medicare in my retirement. But if you compare me to my friends, I look like the beggar. Who's wealthier? I am. That is a perfect metaphor for the difference between Keynesians and Austrians. The Keynesian economics will make us look wealthier, because GDP will rise, but to do that they must borrow from the future to spend today. That destroys future growth and depletes savings and investment, which are the organic drivers of future growth. I don't know if I can make that clearer, but I hope this was clear enough for me to get my point across. Do you understand what I'm trying to say?

To: koan who wrote (128517)	12/7/2012 11:09:57 AM
From: John Vosilla	3 Recommendations Read Replies (2) \| Respond to of 149317

OVOMIT is driving the wealthy to leave America in droves... the country will be left to the lazy, the leaches, and the takers... the wealthy, the innovators, and the captains of industry will no longer be in the country to hire anyone... the country will eventually collapse under it's own dead weight... this is what the People want, so this is what they will get... as they say, people always get the government they deserve... GZ Message 28579916 I wish GZ, MM, Limbaugh, Trump, Adelson, Ted Nugent and the Koch Brothers would just leave, take their money to Belize and pick up where McAfee left off...please, please leave ASAP....lol