Source: The Star
quote: And so this is what we’ve come to: the richest country in the world, eying a penniless neighbor with envy.
quote: Things like health insurance and gas feeling too expensive are by and large symptoms of government spending way, way more than revenue and then borrowing or printing the difference
quote: Health insurance is private in the US. What does the government have to do with it?
quote: Oil prices are more to do with two wars in the middle east and the practice of gambling on futures.
quote: It boils down to a simple math problem really if P is actual money, then the very act of loaning P to get P+I fails because I is virtual money.Think of it this way if there were only 10 P's in the world and I have them all. Now I loan you 5 and you have to pay me back 5+1 in 1 year. Where do you get the extra 1?
quote: You are assuming there are 10 Ps in the world and there only ever will be 10 Ps. That's not the case. Money is a representation of productivity.
quote: You want a currency whose quantity you can manipulate to closely match the country's growing economic productivity.
quote: it applies just as well to a society without any social safety net.
quote: You're like someone with rising blood-pressure wanting to throw out his meds because he thinks they're not working, when in fact doing so only makes the problem worse. It went up because there's a lot of other factors involved.
quote: Wages are going down because there's less value for general labor.