yerded wrote:
My family accepted food assistance from the state of Utah when I was young.
Cha-ching.
Also, I might point out that you are wrong because:
3. I Am The World
Example: I don't listen to country music. Therefore, country music isn't popular*
=JoD=Corithus wrote:
This idea is, to put it quite bluntly, utter nonsense. Yes, Bill Gates is disgustingly rich, but the fact that all that cash is in his pockets, dosen't mean he's keeping it out of other people's. That economic idea is called zero sum, the theory that there is a set amount of cash that all people have to share. That simply isn't the truth. Yes, there is a limited amount of paper cash, but that dosen't matter at all since 99% of the funds in this nation and most others exsist solely in the electronic world. There is no limit to the amount of capital that can be put into our economy. If I start my own company as an entrepaneur, and make 20 million in a year, that's simply 20 million dollars more to stimulate the economy, as with a company of that size, I have to pay my employees, my attourneys, my bankers, and several thousand other people who will take the money that I earned, and distribute it to acquire goods or make more money, there by raising the amount of capital in circulation even more.
Actually, no. Money only has value so long as it is backed up. It is backed up by goods. The theory of more money=more money is what sent both Russia pre- and just post-Revolution and Germany pre-WWII into a masssive spiral. As more money was printed, it's value was less, as there were no goods to back it up.
*I got a list of these of another forum, and they're brilliantly useful. My personal favourite is:
21. Failure To Recognize What's Important
Example: My house is on fire! Quick, call the post office and tell them to hold my mail!
Last edited by Bubbalo (2006-05-18 05:29:43)