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


To: combjelly who wrote (766782)1/29/2014 2:01:37 PM
From: Joe Btfsplk  Respond to of 1576881
 
there is usually more demand than supply

Always.

Those who became rich legitimately did so by providing (stuff), sometimes previously unimagined, that made others lives better. The part that sticks to their fingers is a tiny fraction of what they created.

has to be a balance between consumption and investment

Spontaneous in a free market.

goes back to Adam Smith

You really ought read him. His "invisible hand" is the foundation for all legitimate economic analysis

But the Great Bellyflop was very, very different

Nope. If you read von Mises you'd have an understanding of "bubbles" and the necessary corrections. At root is excessive credit creation, now exacerbated by fiat currency. This latest was created and fed by ignorant parasites, mostly Democrats, who thought they could improve housing ownership while enriching themselves and their supporters in a money laundering scheme

a crisis in the financial system and those can be very difficult to recover from......ask the Japanese

Yup, their thugs in charge fell back on Keynesian nonsense instead of letting the market clear. A trademark tactic by those anxious to retain domain over the peasantry.