Search results

You apparently do not have sufficient background to understand what I have posted and I have no more time at present to go into more detail with you. Introducing the forex trading of currencies, which determines the exchange rate of currencies one to another, is an externality not necessary to...

No, I don't think " economic growth is purely about money in circulation" and no economist would make that claim. That would be ridiculous. Other than the mischaracterization of what I think, I can almost agree with what you've written in the above paragraph which I quoted. However there is...

I wish to make a slight correction on what I wrote above. What I called "net money creation" might perhaps be better defined as simply the same as what we now call the deficit. Then the deficit minus the net sum of money creation consistent with GDP growth plus that desired for public savings...

Indeed. Alleging a fact does not make what is alleged a fact.

We don't consider the Melon tax cuts. That was a different era. For the same reason we don't consider tax cuts during the reign of Louis IV. The only modern era tax cuts that economists believe resulted in an increase in Revenue were the Kennedy cuts which were demand side cuts. In both the...

You are still struggling with the idea that government finances are somehow like personal finances. They are not of course. And what's called government "debt" in a fiat money regime has nothing in common with private debt. Government debt, when it is properly managed -- which is the key --...

Some News outlets clearly are biased toward truth. And that's a wonderful bias to have. And thank god for those professional organizations that still exist.

But of course anyone with a single neuron still firing has no trouble figuring it out on their own.

Why did all these bible Jews have Anglo names?

What does this have to do with my post or, indeed, the thread. In Heller, as your quote makes clear, the Court held that that D.C. requiring Heller to maintain his handgun at home in an inoperative state was a violation of his right. Why not read Heller and then get back to us. The thread has...

125K is what is proposed.

Not according to the U.S. Supreme Court. See Scalia' opinion for the Court in Heller v District of Columbia wherin you will find under III , pg 54: Like most rights, the right secured by the Second Amendment is not unlimited. From Blackstone through the 19th-century cases, commentators and...

Sometimes the fundamental nature of an economy that runs on its own sovereign currency isn't fully appreciated. At the minimum, the government must spend into the economy as much as it taxes back out, or relatively soon the economy will be forced into recession and eventually, if that trend...

You've written a thoughtful and thorough post on what I see as a problem we have in America caused by the politicization of certain words such as socialism, liberal, etc. This has caused no end of trouble. I hope others here will take the time to read your post in its entirety. Thank you...

I am aware that I assumed a rather ridiculous definition of "trader," even though there is some truth in it.

That proof right there that some people don't use, and therefore don't need, 43% of their brain. Imagine what could be accomplished if they started to use just 20% more. :D

What the hell is a "liberal" . Someone like Jesus maybe?

Good question. If by wealth of the U.S. you mean monetary wealth, then I would think you could advance toward that goal by rounding up and executing white nationalists and attracting and hiring more clever, bright and hard working immigrants.

Perhaps, but this is a site for traders. Traders buy something because it is going up in price, or sell it because it is going down, they could care less what it is they are buying or selling -- although maybe they should?..

That's not a bad analogy, but if you consider all the participants and not just the sell side, then I believe the dog track is a still better analogy.