Economic GENIUS !

Hello Red, Yup, the guy's absolutely right!!! The only disagreement I may have with him is in regard to his notion that wealth is a fixed rather than variable factor. Based on his swimming pool analogy, he seems to suggest that there is a limited, fixed wealth pool. I can think of no better use of the proposed $150B than for the Feds to empower our geologists to seek out new gold pockets on U.S. soil. I have been so perterbed by this stimulus proposal. I've been pondering what to do about it. Propose that people send it back? Nawww, most people will simply pay a bill with it. Yeah, like that's going to stimulate the economy. Now that the Senate is planning to add even more 'give aways' to the proposed package, I'm cringing all the more. What is most troubling about this proposed stimulus package is the rumors about the shenanigans allegedly going on with the gold reserves. Have you heard the rumors? If there is any truth to Jerome Corsi's latest claims (let's remember that he hit a bullseye warning us about the TransTexas Corridor), then this stimulus package proposal is proof positive that Congress & President Bush either have zero concept of economics, or they are guilty as sin of willfully jeopardizing our national stability. Here's the link to the article about the gold reserve rumors. http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=59935 When are people ever going to learn??? Now, I would have been jumping for joy if the Federal Gov't had proposed a stimulus package that included incentives for business to expand or upgrade equipment. Or better yet, if the package contained only one proposed stimulus -- a temporary fuel tax reprieve! But no, instead they're offering this hair-brained give away proposal while considering raising the fuel tax! In what world does that make a lick of sense?

That was the best written article I have ever read on the subject. I especially like that analogy of the bucket of water. The Government has no business trying to run the economy. No bureaucracy should be in charge of the money it is going to be able to tax, collect, and then spend however it chooses. No one can truely picture a billion dollars, much less a trillion. So when the Congress starts tossing these numbers around, they really do not have a true grasp themselves of the reality of what they are doing. Its monopoly money. Its ludicrous. You've got a bunch of folks in there that are just thinking about how they are going to get re~elected When? They only care about their interests. Every time they play with the interest rates I cringe and think why don't they just get on with the tattoos and be done with it? Shalom~Adoniah

Well me old mate, I think what most people don't except about economics is that you need to make the dollar you are spending or have the means to balance it. When the "money brokers" want to put the money spenders back in their places, they fluctuate the value of the currency so that everything becomes dearer and the money spenders then need to have more dollars to buy the same things they could afford to buy for much less before. All the time the "money brokers" keep racking in the BIG dollars!!

I think the last sentence in that article pretty well says it all. The liberals and socialists among us would not agree however.