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#1
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Huffington Post Abolishes Scarcity
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 |
#2
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Huffington Post Abolishes Scarcity
"?baMa? Tse Dung" wrote in message ... 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 Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a Greek Socialist emigrant, considering that the Greek economy is collapsing I take what she has to say with a grain of salt. |
#3
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Huffington Post Abolishes Scarcity
On May 26, 8:37*am, "Fred B. Brown" wrote:
"?baMa? Tse Dung" wrote in ... 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 Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a Greek Socialist emigrant, considering that the Greek economy is collapsing I take what she has to say with a grain of salt. At least consider the underlying theme--that government has a duty to provide sufficient money to sustain the economy, and that government is the source of money. When an economy has the potential for expansion, the government should make additional money available. The government should curtail spending and reduce the money supply only when the economy is at maximum production and more money simply leads to inflation. The Republicans have it all backwards. The Bush administration not only spent money like drunken bank robbers, they also spent the money of useless wars and overseas adventures. They not only opened the money vaults to big business, they also shoveled the money to nonproductive investment banks, hedge funds, and international gamblers. The Republicans kept a loose money policy even while America's production facilites were being transferred overseas and America' manufacturing base was shrinking. The result was the collapse of the United States monetary system and the economy. And now that crippled US economy is rebounding and more money is needed to fund the expanding activity, the Republicans oppose government spending and expanding the money supply, the exact opposite of what is needed right now. The spendthrift Republicans who allowed international money changers to scoop up and gamble away most of the available cash have now become thrifty nannies who think the way to prosperity is for government to sit back and allow the international bankers to control the rate of America's recovery. |
#4
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Huffington Post Abolishes Scarcity
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 |
#5
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Huffington Post Abolishes Scarcity
On May 26, 7:48*am, dave wrote:
Fred B. Brown wrote: Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a Greek Socialist emigrant, considering that the Greek economy is collapsing I take what she has to say with a grain of salt. Really? *I remember her as a flaming right winger back in the day. She changed - she ditched the hubby and went left pretty hard. |
#6
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Huffington Post Abolishes Scarcity
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. 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 |
#7
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Huffington Post Abolishes Scarcity
Fred B. Brown wrote:
Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a Greek Socialist emigrant, considering that the Greek economy is collapsing I take what she has to say with a grain of salt. Really? I remember her as a flaming right winger back in the day. |
#8
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Huffington Post Abolishes Scarcity
On Wed, 26 May 2010 07:40:06 -0700 (PDT), bpnjensen
wrote in [ rec.radio.shortwave ]: On May 26, 7:48Â*am, dave wrote: Fred B. Brown wrote: Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a Greek Socialist emigrant, considering that the Greek economy is collapsing I take what she has to say with a grain of salt. Really? Â*I remember her as a flaming right winger back in the day. She changed - she ditched the hubby and went left pretty hard. Her Hubby ditched her for a man. She has always been a W. European Socialist. |
#9
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Huffington Post Abolishes Scarcity
On May 26, 7:59*am, Keith wrote:
On Wed, 26 May 2010 07:40:06 -0700 (PDT), bpnjensen wrote in [ rec.radio.shortwave ]: On May 26, 7:48*am, dave wrote: Fred B. Brown wrote: Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a Greek Socialist emigrant, considering that the Greek economy is collapsing I take what she has to say with a grain of salt. Really? *I remember her as a flaming right winger back in the day. She changed - she ditched the hubby and went left pretty hard. *Her Hubby ditched her for a man. She has always been a W. European Socialist. Ah, that's right - another one of those right-wing gays! :-) |
#10
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Huffington Post Abolishes Scarcity
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 |
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