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Anti-gravity and $300 Nobody Wants
While many of us, "we" who are trapped in a
Keynesian time warp were waiting for nations to
print money, (a Goldie Locks quantity of money
-- not so much that its purchasing power fell as
fast as we printed it -- not so little that the new
money failed to pull behind it a train of real wealth-
producing fields, factories, mines, and schools,
including actual quality products for sale in markets
everywhere moneyed customers shopped), "they"
were printing stock shares with the power of near-
money to do the same thing -- on condition the
shares would either earn "hard" money or be,
themselves, purchased for "hard" money by a
"greater fool" day after day.
Who are "they" and who "we". They could care
less for the "history of economics" -- all they want
is wealth. We could care less for high risk, all we
want is knowledge.
One day the greater fools did not bite or buy.
Thinly traded shares began their descent to hell.
"They", our adversaries, took the proverbial
bath. (Some may have jumped out of a window.)
But "we" are the fools who now worry how to
invent an anti-gravity pill to reclaim the five trillion
in fools' money lost -- when bubbles burst and
values fall to earth.
We do not want real wealth producing firms to
have to downsize, to have to stare at order books
reflecting a smaller customer base, a reduced
demand by moneyed workers for things they really
need -- like broadband delivery of "training for
every job on earth" (Cisco's ad, remember) over
the last mile, and food for a billion hungry
not-yet-moneyed people.
Is there such an invention? "They" inflated share
prices while tangibles remained priced at tradeable
values. "We" wanted to distribute cheaper money
that we hoped would buy uninflated capital assets
for productive application to produce uninflated
necessary items in an unending stream of real
output to people earning real purchasing power
in steadily increasing amounts.
"They" drove unemployment down and disparity
up. "We" never stopped talking about getting a job
for the last man looking for work, and getting a
raise for the guy at the bottom of the heap.
I'm sure this anti-gravity pill or program, to end
deflation and bring back customers should start
with a major tax rebate. The democrats offered
a neat $300 a head for everyone, now. And
nobody asked for the money !! Not even we
on PKT have asked for it. What the hell is the
matter with people? What is the matter with
"us" !
Anti-gravity is really pointless for people to
dumb to fly.
John Gelles
- Thread context:
- Re: The Horowitz Affair, or Culture Wars Part II, (continued)
- material analysis vs information analysis,
Harry Veeder Fri 30 Mar 2001, 20:16 GMT
- Business Week discovers heterodox economics,
William F. Hummel Fri 30 Mar 2001, 18:11 GMT
- Anti-gravity and $300 Nobody Wants,
John Gelles Fri 30 Mar 2001, 14:03 GMT
- Re: gasoline,
Paul Davidson Fri 30 Mar 2001, 03:37 GMT
- Creditary Economics,
John Gelles Thu 29 Mar 2001, 23:44 GMT
- Re: Greenspan's economy speech on "The Challenge of Measuring,
Stephen . Dunn Thu 29 Mar 2001, 12:05 GMT
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