Re: OT - Politics

Doug Miller said:

In article <p0mol39shmbubrn1n95l39qfde6l91rhip@xxxxxxx>, <greg@xxxxxxxxxx> wrote:

Hmm... Create wealth. I don't believe you can "create" such a thing,
but you can certainly move the existing wealth around until you have
accumulated much of it.

Hmmm... to be logically consistent, then, you must believe that the sum of
wealth in the world is constant: that there is exactly as much wealth in the
world now as there was, say, three thousand years ago.

It's all relative. "Creating" wealth is called counterfeiting. ;-)
Otherwise it's just the changing fortunes of time. Currency (and it's
paperwork equivalents) have no intrinsic value anyhow. It only
represents current perceived wealth. We have nothing of lasting value
to back the money supply in circulation. The (private) Federal Reserve
Banks and markets excel at smoke and mirrors. For instance, should the
system collapse, food, water, and ammunition will be worth far more
that valueless, baseless paper money.

I'm sorta pulling your leg, but the point was that a business can only
take money from others to "grow" wealth, it cannot create or devalue
money - that's what the Feds do - well, them and various disasters.


Greg G.
.

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