Re: Am I Having a Saturday Morning Stupid Moment?
- From: Guy Macon <http://www.GuyMacon.com/>
- Date: Fri, 20 Mar 2009 19:02:24 +0000
John Larkin wrote:
Joerg wrote:
John Larkin wrote:
No. It would violate conservation of energy.
Considering COE solves a lot of problems.
There are many people who don't believe in that kind of logic. Such as
hedge fund managers, mortgage bankers, politicians (especially when it
comes to budgets), etc.
But money is not conserved. The US Treasury just printed about a
trillion more, because they felt like it.
I believe that Joerg is referring to conservation of wealth, not
conservation of currency. The US Treasury can print more currency,
but that just changes the currency/wealth ratio (AKA inflation).
There is no principle of conservation of wealth either (wealth can
be created or destroyed) but I think that the fact that printing
more currency does not create more wealth would be one of the many
examples of wealth being conserved.
--
Guy Macon
<http://www.GuyMacon.com/>
.
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