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No keys, no coins! What is so hard to understand about that? If you don’’t have the keys you have no coins no matter what the other side of the deal says.
It is beginning to look like the deal the banks have with deposits! They are the bank’s possession, you are only an unsecured creditor. Not a good situation.
The get rich fast people are always open to a good ol’ scam. it is in their greedy nature. if you have no patience, there is a tendency to go for fast and easy.
The worst place to get MRSA is the hospital. They have over used antibiotics until the bacteria are resistant or even immune to the effects of the antibiotics. Many people get their MRSA after operations or any invasive procedure.
Never used to have gender reveals. You got what you got when the baby popped out! The nurse would hold the child and flip open the baby wrap and you could see for yourself.
They are a bunch of psychopaths, not only Bibi but most of the politicians at any level. I am a Lord Acton fan on this idea. I also think politics attracts the worst sort, always after power. I wonder if it would help if they read LOTR?
Yes, it is also called word magic for good reason. It is one of the reasons why you cannot debate some of these people, words change meanings, spellings are cast and no sooner than you know gibberish becomes meaningful. When I see or hear this, I just think, can’t argue with drunks because I become the fool.
I understand that there are different senses of the word that do not meet with the technical definition of the word. However, when people hear “demand”, even some of the technical economists, they do not apply the technical definition. This is the failure of language or, if you will, spell casting. It is how the wool gets pulled over our eyes. Some are using the daily usage meaning when saying demand vs others using the technical meaning of demand and the ones trying to obfuscate are crossing over and over again.
It seems to me that there are a lot of people around, nowadays, that demand without the ability to pay. In other words, they are not willing to produce, yet are willing to demand. You see this everywhere you go in the US. Isn’t this what many of the illegal aliens are trying to do? Something for nothing.
Both Friedman and Lucas—in order to establish that more money can grow an economy—might have followed the Keynesian framework that demand causes supply. According to this, increases in the money supply consequently causes increased demand for goods. This, in turn, is supposed to strengthen the real output. But an individual’s demand is constrained by his ability to produce goods. The more goods that an individual can produce, the more goods he can demand.
If greater demand could cause economic growth by itself, then world poverty would have been eliminated a long time ago. After all, what is lacking in many countries is not the ability to demand but the ability to produce.
This< I think, is the crux of Shostak’s article. Production comes before demand. There has to be production before a person can demand goods rather than demand creating production. Anybody can say, “I want that!” It does not mean that it will be produced unless that person has produced something to trade for it. Money only enters the picture as either a medium of exchange or a store of value, but, according to Rothbard, is only a deadweight and nothing else. Money, itself, creates nothing, produces nothing and demands nothing for the people holding it unless something is produced first.
That is a really good reason for this one not working! I'll see if I can find it elsewhere that is supported.