[Toddsterpatriot]

Just working at it, more dollars chasing each other in an ever growing service economy.

That's right. Nearly $400 billion in goods in May alone. Almost too small to bother counting.

That's a great chart you keep posting. Are you claiming our standard of living was higher in 1959 when we produced more than it is in 2006 when we produce less?

[ancient_geezer]

Yep, dollars chasing dollars in an ever rising spiral of a service economy is a great way to go. NOT

For the real question becomes who's really in the economic driver's seat and where we are heading as an economy.

 

 

Lets see, the dollar now is down to less than a eighth its value in what it was in the 50's. Just loverly for those that are in debt, not so good for those to whom that debt may be owed buying those goods.

 

Anyone one laying aside that penny and loaning it out against future need and financial independance would indeed be a fool such conditions.

 

 

Interesting direction leading to a dependant society rooted in service rather that substantive production looks to be the principle trend to me.

[pigdog]

Are you claiming our economy is more sound now than in 1959?