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The Nature of Wealth & Debt; entered at 2011-07-05 21:51:03

Grashopa
Posts: 2609
Registered: 2009-02-03

Quote:

Giving it to the people directly will allow it to flow to producers of goods and services that people really want, i.e. the real economy.

Why does everyone take as a given we need to prop up prices. What do I care if my house costs 500,000 or 50,000? The problem with the fall in prices is simply the shock of it. And shocks are temporary. Falling GDP doesn't mean your economy is shrinking, it means prices are. This is a wonderful thing. Allow the market to fix itself and pick up the pieces afterwards by doing your part and taking the cash you saved up and starting a new business by buying out the old one for pennies on the dollar from the moron who leveraged himself into fake "wealth"

2011-07-05 21:51:03


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