To: elmatador who wrote (109670 ) 1/14/2015 11:06:42 AM From: THE ANT Read Replies (2) | Respond to I have changed the way I look at things Elmat, as long as there is no inflation we are not spending over our means.In the long run inflation only occurs with deficit spending that is above productivity,especially in times like this where private debt has hit a wall for years to come.Taxation is not needed to fund the government,just to cut demand when deficits get high enough to cause inflation, and to see that the wealthy pay a larger percentage of their income on government spending than the poor.Robots will do most of the work in the future.Whatever we pay out to our elderly to keep them happy will cost society much less than the last stock and housing bubble.Brazil only has inflation because their government inefficiencies are so large as to overwelm the taxes collected+world technology changes that flow to Brazil for free.The article you posted to me says as much.With peak population coming, our world will only get better and easier, we will just miss the rate of improvement which will happen slower. Hyman Minsky said that capitalism is so potent that GDP is likely to grow during bubble growth and pop times,just slower.When I rant on these boards it is for potential growth loss due to stupidity.Can you imagine if the general public saw what I see and where not scared by deficits and retirement and food stamps.They would want it all now.How many beers can one drink,or hands up don't shoot rallies,or drunken football games,how may tattoos can fit on a body,or reality TV shows would they watch,or money would they gamble in the markets thinking that reading and studying and intellect,like food stamps are their God given rights and they are better than the best.It would be bread and circus cubed.No way!!!!!We only provide these things to our elderly to hurry their trip into eternity in a semi drugged state.(now for the concrete block heads out there humor requires a little truth)
