May 27th 10, 12:10 AM
posted to rec.radio.shortwave,talk.politics.misc,us.politics,alt.politics,alt.politics.economics
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First recorded activity by RadioBanter: Jul 2009
Posts: 161
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Huffington Post Abolishes Scarcity
On May 26, 9:42Â*am, bpnjensen wrote:
On May 26, 7:34Â*am, Lisa Lisa wrote:
On May 26, 8:35Â*am, ∅baMa∅ Tse Dung wrote:
In a recent article at the Huffington Post, Lynn Parramore assembled a
team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see these
economists laud the fact.
Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily
http://mises.org/daily/4349
There's no scarcity of goods, and soon, thanks to this crisis, they'll
be piling up in warehouses all over the world.
There's a scarcity of consumers with enough cash to buy those goods.
That's why the world will probably go into some kind of deflationary
spiral quite soon.
Lisa
Unfortunately this is true. Â*Enormous worker productivity and endless
cheap imports along with lack of domestic largesse have seen to that.
And by the way, in case you haven't noticed - a deflationary spiral is
not nearly as good as it sounds!!!
Bruce Jensen
its a very bad thing. and it could lead to a world wide depression,
then war.
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