| Re: Scarcity - and how capitalism solves it |
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Group: alt.philosophy · Group Profile
Author: PubliusPublius Date: Sep 7, 2008 09:21
>> In other words, original capital came from the same place it comes
>> from today --- everyone who deposits money unneeded for current
>> expenses in a savings account, mutual fund, money market fund,
>> venture capital fund, etc., is a capitalist; he is financing the
>> expansion of the economy.
>
> BULLSHIT .... Loaned $ is created out of thin air when a pen is placed
> on paper.
Really? Perhaps you can explain exactly how that is done. I'd love to
create some money out of thin air.
Tell you what
--- you explain how to do that, and I'll create a billion and
loan it to you at half the going rate.
But then, you wouldn't need it, since you already know how to create your
own money out of thin air.
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