To: null and void
Sorry, reality is that deflation in much more dangerous to the economy than inflation. Our economy would be much better with 2% inflation than 2% deflation. Get back to me once you understand basic macroeconomics.
The richest, by organizing and paying others to do the labor, and taking their due from the a part of the value they add by enabling their employees (or the people they invested in) to make a better living.
Wow, Marx would be proud.
99 posted on
01/06/2008 5:38:37 PM PST by
scarface367
(The problem is we have yet to find a cure for stupid)
To: scarface367
Wow, Marx would be proud. You're saying that Marx thought that "the rich" earned their money?
All this time I thought he said that the rich were parasites and didn't add any value to the economy.
If you re-read my post you might see that I clearly said the rich got their money by?
(Hint: creating jobs, enabling productivity, and investing the the labor, enthusiasm, and abilities of others)
104 posted on
01/06/2008 5:48:04 PM PST by
null and void
(So many of us know so little about so much that effects the outcome of our lives.)
To: scarface367
And, yeah, a little inflation is "better" than a little deflation. Especially if you are a borrower.
Maybe not quite so good if you are a lender or investor, though...
107 posted on
01/06/2008 5:50:32 PM PST by
null and void
(So many of us know so little about so much that effects the outcome of our lives.)
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