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xssve -> RE: I can't eat an IPAD (10/14/2011 11:39:12 AM)
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quote:
ORIGINAL: Sanity
Competition is good, and theres no reason the United States cant be competitive
Well, actually theres one reason, the left wont allow it
I think it's more that the right doesn't want to do it, you could lose if you had to compete, and they hate and fear nothing quite so much as the thought of losing.
"Too big to fail" speaks heavily of a sense of rent seeking entitlement, and it's true, a lot of peoples economic fates hang in the balance of the status quo, people with money in banks and stocks and bonds mostly, human rights issues sort of fade into the background when you're talking about peoples nest eggs, and that includes anybody with a 401K - or a cellphone.
Interesting thing about the money supply, they are expanding the money supply, but curiously, they stopped printing money a while back, which means they must be expanding credit - presumably, this has to do with the ongoing pucker factor in loans.
The economy will continue to grind slowly to a halt until credit loosen up again, it's become the lynchpin of the whole system - of course it's a system with a lot of hypothetical vapor capital in it, i.e., capital that represents clever mathematical "instruments" over and above the aggregate value of goods and services - in fact only about a Third of the global money supply represents good and services last time I checked.
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