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.

On May 26, 7:35Â*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

Ah, another Gold Adorer.

That "green piece of paper" represents the trust that the world
accords to the US success. It could be pictures of naked Elvis
instead, it matters not.

Incidentally, if the US sold all of its gold to pay for the deficit,
it wold cover only a very small fraction.

Stop adoring false prophets, you are kindly advised.

-Ramon

On May 26, 10:30Â*am, Ramon F Herrera wrote:
On May 26, 7:35Â*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

Ah, another Gold Adorer.

That "green piece of paper" represents the trust that the world
accords to the US success. It could be pictures of naked Elvis
instead, it matters not.

Incidentally, if the US sold all of its gold to pay for the deficit,
it wold cover only a very small fraction.

Stop adoring false prophets, you are kindly advised.

-Ramon

don't ya love the gold bugs. what they do not understand is that the
holders and dealers of gold, will gladly sell you their gold, for
little green pieces of fiat paper. what does that tell you about gold