Re: a modest proposal to fix the economy
- From: "Jerry Okamura" <okamuraj005@xxxxxxxxxxxxx>
- Date: Sat, 20 Sep 2008 11:27:52 -1000
"arthur wouk" <awouk@xxxxxxxxxxxxxxxxx> wrote in message news:1221935923.554964@xxxxxxxxxxxxxxx
found in another newsgroup. it carries the game of the central banks
(federa; reserve to you) to its logical conclusion.
Fixing the Economy Permanently -- RADICAL IDEA!!!! ....but it'll
work.
Why do you think it will work?
Next to death and sickness, probably the most unpleasant thing one can
experience in life is lack of the things you want. Most people just
want to be happy, and sometimes being happy does require a few
material things for at least a comfortable mode of existence. Yes,
luxuries come after the necessities are met, but some people have
trouble even keeping up with the necessities of life.
Yes, some people do have trouble keeping up with the necessities of life. But the question is why are they having trouble keeping up with the necessities of life. Perhaps if they got to keep more of the money they worked hard to earn, they would have more money to pay for the necessities in life?
And then the
government wonders why nobody's spending any money.
It does not help, when that same government takes so much of their hard earn dollars to spend on their pet projects.
Why "consumer
confidence" is down. Well, people's credit cards are maxed out,
When someone tells me that someone has maxed out their credit card, that means they are living beyond their means. They should learn to live within their means, and they would not have such large credit card debts. Because when you have a large credit card debt you not only have to pay back that "borrowed money", but also on the high interest rates that adds to the debt....not too smart a thing to do. But then again, I guess democrats would just say they are "victims".
they
can't pay their mortgage,
Only a very small percentage of people cannot pay their mortgages, and for most of those the reason they cannot pay their mortgages is because they bought a home they really should not have bought at the price they bought it for.
and they don't have any extra money to
spend. That's why taxes are down.
Again, they would have more money to spend, if they did not have to pay the government, at all levels so much of what they earn.
That's why stocks are down.
No, the stock market is down, at least for the short term, because of the problems with the financial markets.
That's
why jobs are down.
Not according to the unemployment rate, which is low by historical standards.
That's why spirits are down.
People are working all the hours they can work, and their pay has been
cut as much as it can be cut,
Who has had their pay cut? What percentage of the working population has had their pay cut?
the to the point where the government
has to make new laws raising mininum wage,
The democrats have been raising the minimum wage for decades. The first minimum wage law was passed in 1912. An NO, you do not have to have a minimum wage law, you have to figure out a way to get people to get more of an education, and you won't need a minimum wage law. Besides, the only people who work at such low wages are those without an adequate education, and those who are just entering the workforce, for the most part.
just to keep people from
being kicked out of their apartments. And the government STILL asks
where are they going to get more tax revenues after having to raise
minimum wage.
When you raise the minimum wage, that increases the cost of doing business for that business who uses these people, which means that business is going to charge just a little more for the goods or services, they sell, which in turn means that the people who are paying are not the busiensses, but their customers. And there are a whole lot more customers than there are people who work at a minimum wage.
Well, obviously no more time can be spent working. Companies
apparently can't afford to pay people any more than they do now. If
there's no more time available, and there's no more payroll dollars
available, where is the money going to come from to get all Americans
spending like there's no tomorrow?
I am willing to bet, that if we actually knew what the average wage increase is for companies, we would see that they are still giving their workers raises, year in and year out.
That is what companies want, right? Think about it. Where could the
money come from? Stimulus checks? Well, $300-$1200 isn't going to do
much to boost the economy when you want people buying bedroom suits,
cars, boats, Rvs, jewelry, everything that's on sale, and then some.
The money comes from the wages that are paid to the worker, minus the money the government takes before the worker can spend any of the money they worked so hard to earn.
If you want to boost the economy, people are going to need a LOT of
money, and a constant supply of it.
No, the people do not need a lot of money, they just need money. No money, no ability to spend it.
When the Federal Reserve was set up, it was a good idea except for the
idea of elastic currency. Controlling the supply is the only thing
that gives currency any value, but what does it have to have inherent
value for? Elastic currency was supposed to prevent both recession
and inflation, and it looks like we now have both going on at the same
time--the exact opposite effect the Fed was created to prevent.
WE DO NOT HAVE A RECESSION, at least for now. People who say we are, are not being truthful. Which it seems to me, if you are going to spend your time telling us that someone lied, you should not be lying yourself to make a point.
I think everything is out of sync because everyone is trying to make
predictions based on how much currency and credit is available to the
amount of goods and services available. Stop making that data
available and nobody will be able to make predictions to "position
themselves" for the rising and falling of other financial empires.
The concept is called Freedom of Speech. You cannot stop people from speaking in this country, even when you think they should not be saying the things they do say. It is also very unhealthy to keep information from the "people". It is a whole lot better for the "people" to have the information, then they can make up their own mind what they should think and do.
The publishing of that one bit of information is the whole reason we
have recessions and inflations. People try to plan for economic
events that never go as planned just because of the whimsical nature
of human behavior.
No, the reason we have recession is because of the actions of the Federal Reserve Bank. In my lifetime, I cannot think of one recession that we have had, that was not the direct result of the Federal Reserve Bank. As for inflation, that is the result of having a strong economy for too long a period of time, which no one can stop, without taking action to change peoples behavior.
The radical idea is to devalue money to zero, and use it as play
money. The Federal Reserve would pipe new money into the economy
through every American citizen. Americans then have the money to buy
the lifestyles they want. That raises production, jobs, and tax
revenues, while also preventing the accumulation of government debt.
No, if you increase the money supply to much, you create inflation. Then you may be making more money, but it is being eaten up because you are paying more for everything you buy. In other words, there is no free lunch.
.
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