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RoninLB RoninLB is offline
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Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,143
Quote:
Originally Posted by speeder View Post

So Ronnie, how do we get back to an economic model where workers have actual buying power w/ their earnings and a high standard of living?


on a basic level inflation destroys the common man's capital.

Monetizing gov't debt should be nick named gov't theft. It's not even an issue to give some idea of this successful scam.

Hard US $ must be at the basis or business doesn't take our economy as serious as it should. The inflation wild card disrupts risk taking and investment decisions. Making decisions based around inflation leads to low levels of growth.

until that happens inflation protection should be on everyone's mind. One reason it's not is the faulty gov't inflation #'s. I'm comfortable with taking their #'s and multiplying them by 2.5-3. If they say 3% then figure 7-9%. Pretty scary if you buy into that explain.


the subservient worker will only increase his wealth when the economy is expanding and job creation is significant. The "top down" or "water flows downhill" is not meaningless words to a capitalist. All the worker knows is that there's a better paying job available somewhere or there's not.

The two candidates have sidestepped the issue of relating their policies to GNP growth. Will free trade or tariffs increase job creation or not? Will increasing taxes create more jobs or destroy them.

and an argument can be made that the best way to neutralize gov't debt is spending control and the best way to pay off old debt is to grow the economy.
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Old 06-10-2008, 12:21 AM
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