[ExI] Two Japanese reactors on red alert

[Adrian Tymes]

On Sat, Mar 12, 2011 at 9:12 AM, BillK <pharos at gmail.com> wrote:
> On Sat, Mar 12, 2011 at 4:08 PM, Adrian Tymes  wrote:
>> The point is to kick loose money that people had been hoarding.  They
>> might not have invested it otherwise, but they will invest in rebuilding.
>>
>> It's the (small) total amount of money moving around the system, and
>> its (small) velocity, that has been the economic problem.  Money doesn't
>> do any good if no one's spending it.
>
> Possibly not quite correct?
>
> Surely it is the concentration of wealth that is the problem?
>
> You can't spend money if you haven't got any.
> And once the bankers have several mansions, a private jet and a few
> Lamborghinis, Ferraris, etc. then what will they spend much money on?

That's a large part of the cause, yes.  The wealth is concentrating in the
hands of those who see no need to spend it.

Concentration of wealth, by itself, is not a problem so long as the wealth
is then invested.  It is the concentration without investment that is the
problem.  A billion dollar business empire that has most of its assets in
play is far different from a billion dollar business empire that's sitting on
most of its wealth.