[Fyron]

Originally posted by Askan Nightbringer:

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Originally posted by Imperator Fyron:
People with no money can't buy things. How could the poor by a lot of things? Only the ones with money can make purchases. It only makes sense that the rich own more per-person than the poor. But, the rich do not own _everything_.

Ok, now your just being a bit too fastidious.
The rich own/control pretty much everything.

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That is how it is everywhere. That is how it has always been. Why is the US so special in that regard?

The point I was making is that the situation now is analogous to the situation before the depression: Cut taxes on the wealthy, induce spending. And the President may not sit in the Fed meeting, but he certainly has influence over what the fed does.

Except that the economy is not so simplistic as it has to be for that to work.

That's a matter of opinion: some people would argue that the reason we haven't had a depression again is because of regulation - overproduction might have been a factor, but if overproduction were the cause of a depression then there would have been a worse depression after WWII.

There was less overproduction after WWII than there was after WWI. I did not say that overproduction was the only cause, only that it was more important than the 2 things you mentioned.

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Don't pretend to know my philosophies based on an occasional post or two.
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You're right I shouldn't draw any conclusions from your Posts.

Don't take what I said out of context. That is worse than drawing conclusions about things I never mentioned.

You implied the deficit was a problem, during the depression it wasn't, it didn't become a problem until it ballooned in the 80's.

The deficit did not magically become a problem in the 80s. It was a problem long before then. The 80s are only when it became popular for people to complain about it.

[ February 06, 2003, 02:57: Message edited by: Imperator Fyron ]