Should they just have printed debt free money?

[oldtime]

Quote from MKTrader:

Well, maybe, if you look at a snapshot right now. However, there's a very fast-growing middle class in China, and Greece has hell to pay for their excesses.

like the Bible says, the poor will always be with you and it's harder for a rich man to enter the kingdom of heaven than for a camel to go through the eye of a needle, so that just leaves the middle class.

It does seem like when you look at history the good times were always accompanied by a strong and maybe upwardly mobile middle class.

Makes sense when you figure by definition, most people are average.

So helping the poor and punishing the rich is a lost cause?

 

[jlryan87]

Quote from oldtime:

democracy is interesting. In China when someone at the top wants to build a railroad, it's a done deal, no debate, and the raiload runs in a straight line from city to city.

In a democracy who knows how many years it would take to grease all the palms and how crooked the end line will be.

It depends on what you call progress. Efficiency is for me not neccesarily the highest goal. Hard to run a family though if all the children are allowed an equal vote.

There're always 2 sides to a coin. One of the 'big fish' they caught not long ago is a railroad minister who embezzled about $200 milion. No wonder he is always a yes man to any projects, since he always get to have a cut. Same thing happened in South East Asia, where most big projects are handed to cronies. Corruption, the word itself, is a misnomer. It always exists both legally and illegally.

If China adapts democracy one day, chances are, it will be different than the one in western world.

 

[oldtime]

Quote from jlryan87:

There're always 2 sides to a coin. One of the 'big fish' they caught not long ago is a railroad minister who embezzled about $200 milion. No wonder he is always a yes man to any projects, since he always get to have a cut. Same thing happened in South East Asia, where most big projects are handed to cronies. Corruption, the word itself, is a misnomer. It always exists both legally and illegally.

If China adapts democracy one day, chances are, it will be different than the one in western world.

makes you wonder, did he really get "caught" or did he just get sqeezed out by the guy who wants to take over his mini empire?

I'm kind of a naturalist. I beleive whatever is good for the earth is usually good for all concerned. So, we have a pattern to follow. At times it seems like survival of the fittest, but often in the end the meek inherit the world.

But getting back to opie's post, printing money is kind of baffeling. Sort of like at the beginning of each season the commissoner decides how many points are going to be available, and in a blowout season has to issue more.