Keen on posting your own material, aren’t you?
http://www.freerepublic.com/tag/by:donaldax/index?tab=articles
I suppose you must be extra smart and we need to have you explain things to us low-info gutter-dogs.
Thank you, enlighten us so more, we are so dumb.
Any successful economic policy is doomed because the Federal Reserve blames inflation on economic growth.
Boosting consumers’ outlook doesn’t take place with government spending. It only occurs if these workers are confident about their future earnings potential. If the job market is abysmal and they’re worried about losing their job, then no demand stimulus can alleviate that. People only increase consumption when the job market improves and they believe their earning potential is not in jeopardy.
Well put.Let’s say a homeowner pays $40 for a grass trimming, which he otherwise would have spent at Target. The guy cutting the grass effectively replaces that diverted consumption by spending the $40 at Target himself. So Target didn’t lose anything.
Our national income, though, increased by $40 because the grass cutter earned $40 by meeting demand, not because the homeowner had more buying power. The guy is so successful that he begins hiring people to meet more demand, which further increases employment and our national income.
As the above small business reveals, growing the economy is about meeting demand, not the need for more buying power.
That can be considered an increase in the velocity of money, I take it.Money in the economy is IMHO analogous to blood in the body - it isn’t created or destroyed in the process of transferring oxygen and blood sugar to muscles, and money isn’t created or destroyed in the process of “nurturing” businesses.