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re: Hugh Freeze Quote Ayn Rand????
Posted on 2/4/13 at 1:09 pm to CHSgc
Posted on 2/4/13 at 1:09 pm to CHSgc
quote:
2. Identification of a problem isn't the same as proposing a solution. And Rand's "solution" - that we should basically eliminate all gov't influence in the economy lest our superiors retire to some remote capitalist Shangri-La and leave us to fight over the scraps - is utterly ridiculous. It's fiction, I know, but so many take it as fact.
Think of it this way, what if instead of them all disappearing to shangri-la of capitalism they start hording their money (which they are already doing to some extent) and stop putting it all back into circulation. It causes real problems because it restricts new entrants into business from getting funds.
2
Posted on 2/4/13 at 1:16 pm to oklahogjr
quote:
Think of it this way, what if instead of them all disappearing to shangri-la of capitalism they start hording their money (which they are already doing to some extent) and stop putting it all back into circulation. It causes real problems because it restricts new entrants into business from getting funds.
I'm not so sure that a coterie of individuals would be able to affect the economy of the US by withholding $$$ from circulation. Perhaps you meant that the corporations they run might?
Well if so, that's why we have fiscal and monetary policy. The Fed can slash the federal funds rate to promote spending, for instance. Also, these massive corporations aren't run by individuals, and even if they are they're typically accountable to shareholders and boards.
Posted on 2/4/13 at 2:37 pm to oklahogjr
quote:
Think of it this way, what if instead of them all disappearing to shangri-la of capitalism they start hording their money (which they are already doing to some extent) and stop putting it all back into circulation. It causes real problems because it restricts new entrants into business from getting funds.
Stop listening to Michael Moore.
Money does NOBODY any good if it is horded. It has to be INVESTED, which is what allows lending, which leads to economic growth.
Just because wealthy don't do with their money what you and Barack Hussain want them to do with it does not mean it's "hording" money.
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