On Thu, Nov 4, 2010 at 1:57 PM, Stephen Russell <[email protected]> wrote: > On Thu, Nov 4, 2010 at 8:46 AM, Publius Maximus > <[email protected]> wrote: >> The move by the Fed today to basically create another $600 bil. out of >> thin air over the next 8 months is a gamble that will backfire. >> >> The inflation beast will soon be unleashed, and then look out. >> >> This is a bad move, and anyone who knows anything about economics >> knows this will seriously devalue the dollar -- amounting to a 30-60% >> tax on everyone's income. > ------------------ > > I thought that was the GOAL. To devaluate the $ giving other > countries an easier time to START to do business with the USA. > Current $ strength is keeping our goods from getting purchased on an > international marketplace. > > We say we want more jobs don't we?
Yes, the way to do that is to encourage capital formation and investment in domestic labor. This will achieve the exact opposite. It's not about trading for trade's sake. It's about per capita capital investment in domestic production. If we were serious about that, we would not be burdening domestic producers with massive unfathomable regulations (like ObamaCare, which is only one of three or four 3,000-page (largely unread) bills passed in the last 18 months that will have long, painful consequences), and saddling future generations with the bill for entitlements to non-producers today. We would be eliminating the income tax and focusing instead on a flat ad-valorem tariff on articles of foreign manufacture -- this was the sole revenue source for a strong but limited federal government that allowed our land to accumulate capital over a hundred and fifty years to produce the highest standards of living ever known in human history. But we've frittered it all away in this suicidal quest to integrate with the rest of the world. Quite predictably -- go back and look at the debates -- we are now on the verge of becoming a third world nation. - Publius > > > --- > Stephen Russell > > Sr. Production Systems Programmer > CIMSgts > > 901.246-0159 cell > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
