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Do you understand Money, Debt, Inflation, and The Federal Reserve?

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jeromechickenbone:

Teddy Roosevelt:
The link doesn't take me to a specific video.

Chief:

--- Quote from: Ted Is Unofficially Voting for Ron Paul 2008! on June 10, 2007, 11:13:06 PM ---The link doesn't take me to a specific video.

--- End quote ---

TraceOneInfinite:
There's some questions I've always had about economics and nobody has been able to give me a sufficient answer on them.  I'll post them here.

1.  Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor.  My question is.. Is the money really WASTED?  Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?


2.  My other question is, why do black people talk about going to college as the solution for all their problems.  Because, hypothetically, from an economic standpoint, just because everyone goes to colege doesn't mean they'll have jobs for all those people right?

3.  Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?


^^^ Anybody want to try and answer those questions for me.

virtuoso:

It depends doesn't it, if the building company is part of a much bigger group, then the money is going to filter mostly into the hands of the owners and a fraction of it filters through into the hands of the builders, who can then in turn spend the money perhaps locally. As for your question about black people, well nevermind black people, people in general, yes your absolutely right, people think by attaining the necessary skills and qualifications that it opens up a wide world of prosperity, but the the reality is if everyone is gunning for particular areas, i.e. accountancy, business studies etc, then ultimately you still have a problem with capacity, there are after all only so many service sector jobs. What is really the long term killer, is the massive leakages which are not witnessed when business after business oursources it's manufacturing, this is why China and India are growing so rapidly.

I can not answer that question without knowing the statistics for the United States but I can answer that question in terms of the UK, from official government figures there are about 1.2 million jobs vacant at the moment, however when you factor in those whose savings exceed 16.000 and those who incapacitated and those who are currently undergoing some form of job training so they are omitted from the UK unemployment lists, the figure stands at somewhere around 6.1 million, so on that basis, it's more than reasonable to say yes that is correct not everyone can have a job.

However if you think about the fact that in this country over 90% of the wealth is held by 1% of the population, then clearly this tells you that the wealth is not being spent freely. It is problematic I grant you, because I am not in favour of this socialistic ideology of redistributing wealth because that simply means big government which comes with it's own set of problems, namely inefficiencies with the best of intentions, or just rampant corruption and centralising of power and wealth further.

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