Re: Am I Having a Saturday Morning Stupid Moment?

JosephKK wrote:
James Arthur wrote:

Spehro Pefhany wrote:
James Arthur wrote:

Guy Macon wrote:

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.

Depends. If you've converted and stored your material wealth in
the form of currency, diluting the currency dilutes your wealth.

"The way to crush the bourgeoisie is to grind them
between the millstones of taxation and inflation."
-- Vladimir Ilyich Lenin

Inflation is an efficient way to spread the wealth, since it only
robs those who have it.

It also punishes those to hang onto cash and cash-like instruments,
which I believe to be a quite intentional part of the system (since
depreciation of currency is world-wide and crosses all political
boundaries).

Right--inflation also encourages people to spend. It's the perfect
stimulus package!


It definitely encourages poeple to even spend money they don't have;
wait a miunte, that's how the trouble came about.
.

That's the plan in a nutshell: hair 'o the dog.

It might work better this time, if they're careful about who gets
the money.

James
.

Relevant Pages

  • Re: Am I Having a Saturday Morning Stupid Moment?
    ... I believe that Joerg is referring to conservation of wealth, ... 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 ...
    (sci.electronics.design)
  • Re: Am I Having a Saturday Morning Stupid Moment?
    ... I believe that Joerg is referring to conservation of wealth, ... 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 ...
    (sci.electronics.design)
  • Re: financial meldown
    ... In all likelihood just a new currency ... would heal fine, also a viable treatment. ... `Flesh eating bacteria' would equal finance criminals ... piles of wealth simply hand it over if ordered by democratic Government? ...
    (sci.econ)
  • Re: Wonderin how yall are doin commerce-wise
    ... There haven't been bars of gold and silver backing the currency for a long ... Your definition is circular because "wealth" is denominated in the ... Zimbabwe dollar inflation rates (in the near future ... Deflation in economy is a very dangerous thing, ...
    (alt.coffee)
  • Re: Wonderin how yall are doin commerce-wise
    ... There haven't been bars of gold and silver backing the currency for a long time. ... Your definition is circular because "wealth" is denominated in the same currency that it supports - a dollar is worth a dollar. ... The amount of "wealth" that the bailout will add to the economy is nothing compared to the amount of "wealth" that disappeared when the housing and stock markets declined 20%. ... Zimbabwe dollar inflation rates (in the near future ...
    (alt.coffee)
Quantcast