Re: Call for a NEW Economics


<royls@xxxxxxxxx> wrote in message
news:43af8ee3.64893140@xxxxxxxxxxxxxxxxxxxxxxxx
> On Sun, 25 Dec 2005 01:20:58 -0000, "Andy F." <never.mind@xxxxxxxxx>
> wrote:
>
>>"Mason C" <masonc2@xxxxxxxxxxxxx> wrote in message
>>news:thjpq1toerh92m8vu6bt35lmtqu7b58m3r@xxxxxxxxxx
>>>
>>> Thanks for the comments, let me clarify: (caps to disclose changes)
>>>
>>> We, the world, need a new "economics" with at least
>>> these foundation premises:
>>>
>>> 1. What matters IN ECONOMIC DECISION-MAKING is real goods
>>> and services, LABOR AND MATERIAL, not "money."
>>>
>>> When Hitler wanted to rebuild Germany and its war machine
>>> he did "do it" and let the bankers attend to the fact that
>>> there was no money to do it.
>>
>>Is Nazi Germany really an example of a good way to run an economy?
>
> "Good" in what sense? It certainly worked for their purposes.
>
Not really. The Third Reich was supposed to last for a thousand years, not
collapse after 12 years.
The short-term boom created by the Nazis may well have become unsustainable
if they hadn't started invading other countries.


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