Originally posted by ChessJesterNo. They missed that 'money' itself is a technological advancement. It allows you to store work and barter more efficiently -- no different in principle than a lightbulb that helps you to read better. Technologies encourage one another, too. Without the notion of money/capitalism, a lot of innovation would never become widely known.
http://www.youtube.com/watch?v=rYrmHhxZI2w
A very interesting concept... the inherent problem in all societies?
Is this why everything is collapsing?
Democracy can always be improved. Today's democracies are better than those of Greece and Rome.
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Originally posted by eamon oYou can probably find a nice concise definition in an online text somewhere (maybe in wiki if it links to a source)
can anyone explain in simple terms the dictincion between monetarism and fiscal ? i keep hearing these terms on the news but dont know the difference
Fiscal policy is about how a government finances revenues (generally through taxes, tariffs, and debt) and spends those resources.
Monetary policy is about how a monetary authority (e.g., the Federal Reserve) manipulates the stock of money. It is also concerned with issues arising from this like inflation.
Edit: I see that you actually wrote "monetarism" I assumed that you meant "monetary" since that more directly contrasts with "fiscal." Monetarism is actually a viewpoint in economics. You can read all about it on wiki for instance.
So monetary think "money;" "fiscal" think taxes and spending.
Originally posted by telerionthanks. so monetary is nice and fiscal is nasty 😉
You can probably find a nice concise definition in an online text somewhere (maybe in wiki if it links to a source)
Fiscal policy is about how a government finances revenues (generally through taxes, tariffs, and debt) and spends those resources.
Monetary policy is about how a monetary authority (e.g., the Federal Reserve) manipulates the stock of mon ...[text shortened]... on wiki for instance.
So monetary think "money;" "fiscal" think taxes and spending.
Originally posted by ChessJesterExcellent link. I was just about to get swept away in this whole Obama-
http://www.youtube.com/watch?v=rYrmHhxZI2w
A very interesting concept... the inherent problem in all societies?
Is this why everything is collapsing?
hysteria and there you are posting a link that bluntly slaps me across the
face and reminds me that the problems in the world (war, famine,
diseases...) can't be solved through politics, religion or any monetary
means, because the monetary system is inherently flawed and the very
cause for many of those problems.
Great link. Thanks.
I had a spare moment so I spent it listening to this link. I got about 3 min into it, up to the point where the narrator finished going on about corruption.
If anyone else was thinking about spending a spare moment on this link, I would suggest that you do not. Do something more useful and enjoyable, like housework or taxes.
Originally posted by telerionFrom the stem of the brick wall, across the mine trapped, muddy field
I had a spare moment so I spent it listening to this link. I got about 3 min into it, up to the point where the narrator finished going on about corruption.
If anyone else was thinking about spending a spare moment on this link, I would suggest that you do not. Do something more useful and enjoyable, like housework or taxes.
where his body lay ruined and miserable, the shadow only served to
remind him of the warm, radiant sun. Now, if he could only get himself
past that cold, barb-wired wall taunting him with its portentous presence.
Meanwhile, the guards laughing at him: "You should have stayed with
us, boy! You should have stayed with the whip!", and he smiled back at
them; waved his hand as if to the best of friends. They lowered their
guns overtaken with the same confusion of wind estray among the grey
helter-skelter barracks, one of which he'd been forced to live in. Yes, he
smiled back at them, knowing full well he was about to die more
miserably than he ever imagined, but that he'll do so: a free man.
Almost a full minute passed. He took his time to fully absorb the beauty
of that one white cloud floating across the blue eternity, that one eagle
soaring high above him, in what he perceived to be delirious freedom,
and finally, after a deep breath of the fresh, cinnamon scented air - the
image of the two befuddled guards to amuse him, he put his weight
slightly to the left.
And it was over. This thread bump was done. May many more view the
clips and judge for themselves whether or not it's worth watching.
Thank you velly much! Uh-hu!