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Author: Video61Video61 Date: Mar 29, 2008 12:24
On Mar 29, 1:49 pm, "John Galt" bluebottle.com> wrote:> "anon" privacy.net> wrote in messagenews:jvvHj.782$lV1.215@trndny06...
>>> "Canuck57" unixhome.net> wrote in message
>>news:ECtHj.133413$pM4.120298@pd7urf1no...>
>
>>>> I think a better idea would be to have NO lender of last resort.The last
>>>> resort should be bankruptcy, just like in any other business.
>
>>> Insightful.
>
>>> If they just let that happen, the problem would have solved itself in 6
>>> months.
>
>> the last time they let the problem get so big and then "sort itself out",
>> it took more than a decade and a world war to reset the animal spirits.
> ...
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Author: Video61Video61 Date: Mar 29, 2008 12:25
On Mar 29, 1:59 pm, "Canuck57" unixhome.net> wrote:>> On Mar 29, 8:49 am, "Econotron" hotmail.com> wrote:>>> "anon" privacy.net> wrote in
>>> messagenews:1PhHj.50$ta2.10@trndny05...>
>>>> "Econotron" hotmail.com> wrote in message
>>>>news:SXbHj.25$oE1.13@trndny09...>
>>>>> Fed knows that there would be no rerun of 1929, for the reasons
>>>>> explained
>>>>> here and elsewhere.
>
>>>> The problem is the current Fed chairman. He has spent his life studying
>>>> how to prevent the 1930s. And he wants to use his solution regardless ...
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 12:27
On Mar 29, 2:07Â pm, "Canuck57" unixhome.net> wrote:>> On Mar 29, 12:26 pm, Jerry Kraus yahoo.com> wrote:>>> On Mar 29, 12:16 pm, Vide...@ tcq.net wrote: > I was thinking Costa Rica. Lower taxes, good literacy rates....wish my wife
> would let me.
I notice that "libertarians" always have fantasies about tiny
countries where "everyone is free". I was talking to one loon who was
obsessed with mediaeval Iceland! I pointed out that almost no one
lived there, at the time, but he didn't care.
You are in a fantasy-land. But, that's about to change. Reality has
a habit of catching up with us, after a while.
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Author: John GaltJohn Galt Date: Mar 29, 2008 12:33
John Galt:
"Jerry Kraus" yahoo.com> wrote in message
news:4a0aa410-b539-4639-be61-615964bcd2bf@8g2000hsu.googlegroups.com...
On Mar 29, 2:07 pm, "Canuck57" unixhome.net> wrote:>> On Mar 29, 12:26 pm, Jerry Kraus yahoo.com> wrote:>>> On Mar 29, 12:16 pm, Vide...@ tcq.net wrote: >
>>>> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:>
>
>>>>>> you are correct. ...
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 12:42
On Mar 29, 2:33Â pm, "John Galt" bluebottle.com> wrote:> John Galt:"Jerry Kraus" yahoo.com> wrote in message
>
> news:4a0aa410-b539-4639-be61-615964bcd2bf@8g2000hsu.googlegroups.com...
> On Mar 29, 2:07 pm, "Canuck57" unixhome.net> wrote:
>
>
>
>
>>> tcq.net> wrote in message>
>
>>> On Mar 29, 12:26 pm, Jerry Kraus yahoo.com> wrote:>>>> On Mar 29, 12:16 pm, Vide...@ tcq.net wrote: >
>>>>> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:>
>>>>>> tcq.net> wrote: ...
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 12:46
On Mar 29, 2:33Â pm, "John Galt" bluebottle.com> wrote:> John Galt:"Jerry Kraus" yahoo.com> wrote in message> I suspect you're using a novel definition of the word.
>
Capitalism is a desire to accumulate Capital. Where do you think the
word comes from? That is the same as Greed. A Capitalist is Greed-
driven, insofar as he/she is a Capitalist. It's really not very
complex. Bill Gates is a Capitalist. Warren Buffet is a Capitalist.
Richard Cheney is a Capitalist.
You can earn a living, without being a Capitalist, if you aren't
really that interested in money
-- Capital -- as an end in itself. If
you only see money as a means of helping people, enjoying yourself, or
pursuing activities and ideas of interest, you probably aren't a
Capitalist.
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Author: forbisgarygforbisgaryg Date: Mar 29, 2008 12:57
On Mar 29, 12:46Â pm, Jerry Kraus yahoo.com> wrote:> On Mar 29, 2:33Â pm, "John Galt" bluebottle.com> wrote:
>>> John Galt:"Jerry Kraus" yahoo.com> wrote in message
>> I suspect you're using a novel definition of the word.>
> Capitalism is a desire to accumulate Capital. Â Where do you think the
> word comes from? Â That is the same as Greed. Â A Capitalist is Greed-
> driven, insofar as he/she is a Capitalist. Â It's really not very
> complex. Â Bill Gates is a Capitalist. Â Warren Buffet is a Capitalist.
> Richard Cheney is a Capitalist.
I disagree about Capitalist begin greed-driven.
I don't see getting a return on capital as greed-driven.
If some laborer wants to use my capital without compensating
me then that laborer is greedy. I've worked hard for what
I have and I've done my best to make sure my transactions
are fair for all parties (to my own detriment). Damn the
greedy people who see the results of my hard work and call
me greedy.
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Author: John GaltJohn Galt Date: Mar 29, 2008 12:57
John Galt:
"Jerry Kraus" yahoo.com> wrote in message
news:64bebc36-87b4-4628-8c14-87b078e1ae15@y21g2000hsf.googlegroups.com...
On Mar 29, 2:33 pm, "John Galt" bluebottle.com> wrote:> John Galt:"Jerry Kraus" yahoo.com> wrote in message
>
> news:4a0aa410-b539-4639-be61-615964bcd2bf@8g2000hsu.googlegroups.com...
> On Mar 29, 2:07 pm, "Canuck57" unixhome.net> wrote:
>
>
>
>
>>> tcq.net> wrote in message>
>
>>> On Mar 29, 12:26 pm, Jerry Kraus yahoo.com> wrote:>>>> On Mar 29, 12:16 pm, Vide...@ tcq.net wrote: > ...
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 13:03
On Mar 29, 2:57Â pm, forbisga...@ msn.com wrote: > On Mar 29, 12:46Â pm, Jerry Kraus yahoo.com> wrote:> Capital is a necessary part of progress. A hamer is capital.
> If you use a hammer to build something you are using capital.
> Capital makes labor more efficient. There's nothing wrong with
> being a capitalist only with being greedy.
A hammer isn't Capital. A hammer is just a tool. It can be provided
free of charge. Money need not be involved. If you want to work hard
to make money to help your family, or have a nice house, that doesn't
make you a Capitalist. Capitalism IS Greed, insofar as it is
Capitalism. If you aren't interested in making money as an end in
iself, then you aren't Greedy, and you aren't a Capitalist. If you
think Capitalism is simply any productive activity, then you have
simply been brainwashed by pro-Capitalist propaganda into thinking
nothing can be done without money, and that Capitalism is all good.
It isn't. It's just greed. Productive people needn't be Capitalists.
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Author: forbisgarygforbisgaryg Date: Mar 29, 2008 13:20
On Mar 29, 1:03Â pm, Jerry Kraus yahoo.com> wrote:> On Mar 29, 2:57Â pm, forbisga...@ msn.com wrote:
> >> On Mar 29, 12:46Â pm, Jerry Kraus yahoo.com> wrote:
>> Capital is a necessary part of progress. Â A hamer is capital.
>> If you use a hammer to build something you are using capital.
>> Capital makes labor more efficient. Â There's nothing wrong with
>> being a capitalist only with being greedy.>
> A hammer isn't Capital. Â
You should learn some economics.
> A hammer is just a tool. Â
Tools are capital goods.
> It can be provided free of charge. Â
No they cannot. They are manufactured. Manufacturing
involves labor. Do you hold that labor should be provided
free of charge? That goes beyond voluntarism and to
obligation.
> Money need not be involved. Â
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