Mike Strong wrote:It's simple Buddy:
1. Drill for oil off-shore, and in the Upper Mid-West, and ALASKA.
2. Build more oil refineries and nucular power plants.
.
klonk wrote:It is not clear to me why anyone would want to hold money out of the economy. It is not even clear that it is possible to do so. Let us say (hypothetically) that I have a million extra dollars. If I buy stocks or bonds, I am participating in the economy. If I buy bank CD's or Treasury notes, I am participating in the economy. If I buy frivolous luxuries like Perazzi shotguns or Ducati motorbikes, I am paying someone for them. Even if I buy a bunch of gold and lock it in a safe, I paid somebody for the gold.
klonk wrote:Hum. Yes. All shall be well,if government supervises closely enough, and will pry, and make sure everyone is doing the right thing. We wouldn't want anyone doing the wrong thing. This is the logic of the collectivist, or communitarian if you prefer.
Failed in Russia. Failed in China. Failing, badly, in a reorganized Europe. Do not want.
nianfong wrote:klonk wrote:It is not clear to me why anyone would want to hold money out of the economy. It is not even clear that it is possible to do so. Let us say (hypothetically) that I have a million extra dollars. If I buy stocks or bonds, I am participating in the economy. If I buy bank CD's or Treasury notes, I am participating in the economy. If I buy frivolous luxuries like Perazzi shotguns or Ducati motorbikes, I am paying someone for them. Even if I buy a bunch of gold and lock it in a safe, I paid somebody for the gold.
when you buy stocks and bonds you are giving money to some company or government group in exchange for an expected return (stock), or a promised return (bond). Whereas most government entities nowadays (*cough*fucking neo-cons*cough*) do not know how to balance a budget, most companies DO, and in an apparent recession, they end up sitting on a war chest of cash. just plain cash. in a bank. billions of dollars of it. bankers then invest in more stocks/bonds etc. it just keeps going in a circle of stocks in stocks and stocks, cash, bonds, etc. it doesn't go into consumer purchases which actually do drive the economy.
nianfong wrote:klonk wrote:Hum. Yes. All shall be well,if government supervises closely enough, and will pry, and make sure everyone is doing the right thing. We wouldn't want anyone doing the wrong thing. This is the logic of the collectivist, or communitarian if you prefer.
Failed in Russia. Failed in China. Failing, badly, in a reorganized Europe. Do not want.
has not yet failed in the US. electricity, natural gas, water are all government regulated. why not oil too?
oil in taiwan is completely government controlled by the "national gas monopoly". as is booze there. I don't see how their control of it is causing the government to fail (corruption is doing that on its own).
klonk wrote:Deregulating utilities has worked rather well in some parts of the U.S. Anyhow the argument that we ought to put government in control of anything new rather troubles me. They aren't doing a good job with the responsibilities they have.
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