Originally posted by plumranch
reply to post by EnlightenUp
Economics is the study of how man manages the distribution of relatively rare goods and services. You and I make economic decisions all day, eg.
coffee vs. tea, TV vs the internet.
Economies are the systems that countries use to deal with rare goods and services. Socialistic systems use elite bureaucrats to decide who gets the
valuable goods, very inefficient! Capitalism allows individuals to allocate their goods and services as they see fit, so is naturally a very efficient
system.
Scarcity-based devolved social immobility machine!
Remove money and barter. That's right, you just do stuff to help out and run to the grocery depot and take what you need. Take as much as you want,
but why would you bother to overindulge; you can get more anytime? Next, noone overproduces or needlessly exploits because there is no motive built
into the system to do so. Machines can serve us because they can sit idle rather than running all day and night to maximize the profit for their
owners.
That is where it will go when humans are spiritually evolved enough. Someone like myself has already done that with open-souce software. I get nother
but "thanks" and do the best work I know how, but only as much as it requires to get the job done. If there's me, there are more like me and there
can be more yet.
The small changes that led to this boom and bust began with the CRA Act. Government required banks to make bad loans then it weakened banking
controls. This Congress hasn't done anything about CRA to date! It still stands.
By "bad loans" you mean loans to minorities and the poor who otherwise couldn't have acquired anything, to get a pull-up by the boot strap?
Other small changes that led to where we are would be the Stimulus that wasn't spent wisely on jobs and tax relief for employers who hire but
on political kickbacks and pork.
Not sure what to say here other than I'm considering the possibility of classification errors on your part. Of course "tax relief" means money that
doesn't need to be circulated but can add to the boss' coffers whereas some pork moves funds around, even if for some purportedly stupid things.
Now we have used up all of our economic ammunition so to speak and we still need jobs bills and further spending on the economy and it is
questionable whether China for instance will want to lend us more money.
The ace in the hole is to kill them dead when we need to after using them. I think the time is nighe.
Especially when we have 1 trillion dollar a year deficits as far as the eye can see because of reckless spending and on top of that an
expensive social mandate in the form of a HC bill
Like I said, it's not unprecedented, nor can the eye always see very far.
that will not encourage people to make wise health care decisions, rather use medical assistance more recklessly and carelessly.
Will
you as well? This is just a red herring of an assumption, and I have been assigned to cook beer-battered cod tonight for the the big
family pow-wow. Perhaps you mean that people will have sex and get abortions just because it's free, as in "free beer"? Yay! Party 'till the
STD's get us instead.
