Re: The budget deficit creates wealth


Peter Bjørn Perlsø wrote:
zzbunker <zzbunker@xxxxxxxxxxxx> wrote:

Jacques Gambu wrote:
The budget deficit creates wealth

The public debt is a liability for Uncle Sam but it is an asset for the
people who own Treasury bonds. If they feel rich they go out and buy stuff.
And that creates real jobs and prosperity.

The problem with the moron Stupplt Side economic
is that nobody OWNS T_BILLS. They are held
for auction, just like cows are held for auction.
So the only "wealth" that is "created" is
morons like The FED, George Bush, and
McDonald's.

Correction: This is not a typical argument of supply sider, but it IS a
typical argument of demand siders, ie. Keynesians.

That's because the supply siders don't
have an arguement on the issue.
That's got IBM non-tech and they got idiots.




Credit where credit is due, as they say.

--
regards , Peter B. P. - http://titancity.com/blog
http://markedspartiet.dk
http://macplanet.dk
http://siad.dk

.