[ExI] Two Japanese reactors on red alert
atymes at gmail.com
Sat Mar 12 18:09:17 UTC 2011
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.
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