"It really isn't that hard to turn the economy around"

[DDutton]

Originally Posted by aslan

All of our nation's brightest economists are not recommending printing more money to solve the problem. Why doesn't anyone give recognition to those economists who believe lowering taxes on the business sector will provide the spark needed to get things humming again.

Must not ignore that the system is broken beyond repair.

[aslan]

Originally Posted by DDutton

Must not ignore that the system is broken beyond repair.

Dutton, the extreme pessimist as always. The system isn't broken, the human race is broken. Always was, always will be. But we keep on keeping on. The human race is a history of reforms, lessons learned. We don't get entirely well, but in some ways we do get better.

Keep on trucking, DD! We're going to make it-- at least, some of us are.

[DDutton]

Originally Posted by aslan

Dutton, the extreme pessimist as always. The system isn't broken, the human race is broken. Always was, always will be.

Oh ya, that too.

[QFIT]

Originally Posted by aslan

All of our nation's brightest economists are not recommending printing more money to solve the problem.

Do you have a citation for this. It is certainly not true that the majority of economists are against the use of monetary controls.

[DDutton]

Originally Posted by aslan

All of our nation's brightest economists are not recommending printing more money to solve the problem.

That is a myth, I believe.

[QFIT]

“Printing money” is one of those terms used on FOX and talk-radio to belittle monetary policy. This is an absurdly simplistic way of describing the functions of the central banks. The largest tool available to the central banks is setting the interest rates. They control several rates. It’s a delicate balance. Set them low, and inflation goes up. Set them high, inflation goes down, but the economy stalls because no one can afford to borrow. And debt, unlike the simplistic notion we hear these days, is not only NOT evil, it is an important fuel for business and economic growth in a free enterprise system.

Now, if you don’t like this system, you can always try pure socialism, with price and wage controls, no savings or debt, and essentially meaningless money.

[DDutton]

Originally Posted by QFIT

[SIZE=3]Now, if you don’t like this system, you can always try pure socialism, with price and wage controls, no savings or debt, and essentially meaningless money.

You mean like Sweden?

[aslan]

Originally Posted by QFIT

Do you have a citation for this. It is certainly not true that the majority of economists are against the use of monetary controls.

Maybe you misunderstood my remarks. Try it this way: Not all the brightest economists are recommending printing more money to solve the problem.

http://seekingalpha.com/article/2144...-the-real-deal

http://www.usatoday.com/money/econom...look-fed_n.htm

http://www.zerohedge.com/article/gue...ists-are-wrong

http://books.google.com/books?id=Gys...page&q&f=false

http://books.google.com/books?id=3H1...page&q&f=false

http://books.google.com/books?id=OOg...page&q&f=false

http://books.google.com/books?id=5ib...page&q&f=false

http://www.nakedcapitalism.com/2010/...t-recover.html

[aslan]

Originally Posted by QFIT

“Printing money” is one of those terms used on FOX and talk-radio to belittle monetary policy. This is an absurdly simplistic way of describing the functions of the central banks. The largest tool available to the central banks is setting the interest rates. They control several rates. It’s a delicate balance. Set them low, and inflation goes up. Set them high, inflation goes down, but the economy stalls because no one can afford to borrow. And debt, unlike the simplistic notion we hear these days, is not only NOT evil, it is an important fuel for business and economic growth in a free enterprise system.

Now, if you don’t like this system, you can always try pure socialism, with price and wage controls, no savings or debt, and essentially meaningless money.

Or, we could try tying our money back to precious metals again. Maybe we could get rid of the central Keynesian bank while we're at it. That would not be socialism. You can only print more money up to a point-- then there is a day of reckoning. No, debt is not bad per se, but too much debt is bad. We have too much debt.

[zengrifter]

Originally Posted by aslan

Or, we could try tying our money back to precious metals again. Maybe we could get rid of the central Keynesian bank while we're at it. That would not be socialism. You can only print more money up to a point-- then there is a day of reckoning. No, debt is not bad per se, but too much debt is bad. We have too much debt.

States need their own state-owned bank, and the US needs its
own central bank, similar to what Alexander Hamilton advocated. zg