Thanks for the lecture in a nutshell. I've spent hours in an economics class and not had that explained as succinctly as the above. But what productivity do you foresee recovering in America? Surely not manufacturing. (sorry to call you Shirley) Can economic and banking services provide enough jobs to mount a full recovery? It takes more factory workers to make a lightbulb, than accountants to change one! (I think)
It seems that our economy is evolving into a ruling royalty class of corporate executives who oversee their overseas production facilities....and the rest of us take care of them and their needs, filling a limited number of jobs in the process.
As for your comment about Palin...that would be the ONLY thing she and I have in common.
Last edited by dnf777; 11-08-2010 at 04:44 PM.
God Bless PFC Jamie Harkness. The US Army's newest PFC, but still our neighbor's little girl!
"Most people who suffer from the know-it-all syndrome—whether a Webster who actually knows what he's talking about or merely a Clavin who pretends to know—have one personality trait in common: narcissism. Hiding behind the need to let the world know exactly how smart, how funny, how interesting or how great they are, is the need to convince themselves of their own value. All know-it-alls suffer from a lack of self-esteem, and what they seek, through their tireless attempts to impress, is usually approval and validation. As a result, the know-it-all usually chooses to surround herself with friends and mates who are appreciative—and maybe even admiring—of his "knowledge." AKA dnf777.
Exercise patience and avoid encouraging a interminable flow of information and remember there is a little Clavin in all of us, in a sense that we all need to be listened to..."
So big broad statements of printing money and causing inflation are not correct. Too much money in the money supply is inflationary but that is not mutually exclusive..too little is just as bad. Look at what the dollar is doing today and ask why. It is all relative to the rest of the world. You guys have been shouting inflation since President Obama (I didn't use one of those nice names yall do) took office and you have not got it right yet. But since we are on the subject of inflation, please look back at CPI and PPI for the last year of the past administration. See keeping the fed funds rate low when the enconomy is on fire creates inflation. Right now they can't lower it enough.
Now what I want you guys to agree on is the definition of a monterist. This is monetary policy at it finest. Albeit every republican president in my lifetime have been Keynesians.
So think about how easy it is to take this moeny out. All they have to do is turn around and sell you bonds.
The risk here is that when the economy heats up that they want remove it by selling bonds.
See you definition is so wrong when you talk to field trialers. We are people that enjoy losing. Some one that plays this game can't need to win, because might be years coming. But it feels really good when it happens!!!!!