tag:blogger.com,1999:blog-8358039.post8481293226485360582..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Why We Just Can't "Print Off More Money"Captain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8358039.post-91836681821320985032014-07-31T13:47:47.845-07:002014-07-31T13:47:47.845-07:00Excellent illustration. However, now I really want...Excellent illustration. However, now I really want some mints.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-28396370776598970772014-07-30T21:46:03.540-07:002014-07-30T21:46:03.540-07:00I want to print pizzas.I want to print pizzas.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-10750111860245588092014-07-30T21:44:13.352-07:002014-07-30T21:44:13.352-07:00What's the incentive of producing more mints i...What's the incentive of producing more mints if you don't get more dollars in return for your increased production ?<br /><br />Deflation discourages production.<br /><br />Increased productivity kills scarcity and disrupts the value of your production.<br /><br />Producers want their product to be scarce and high value.<br /><br />In fact, increased productivity is precisely why we are in the current economic crisis. It's not all the lefties, democrats, socialists, feminists, "uglies" and "fatties" fault like you claim.<br /><br />Increased productivity introduces more goods in the market place which drives the price of those goods down.<br /><br />Capital holders see the value of their holders diluted by the increased production and they can't make a profit anymore by producing more.<br /><br />Therefore, they cut hiring and wages go down.<br /><br />We are poorer precisely because we are in a world of abundance.<br /><br />We need to redefine private property rights and we need alternatives to market allocation.<br /><br />Markets no longer work.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-44666242154845071032014-07-30T13:19:53.076-07:002014-07-30T13:19:53.076-07:00~sarc~
But, if there's inflation, all we have...~sarc~<br /><br />But, if there's inflation, all we have to do is impose price controls to Whip Inflation Now! Problem solved!<br /><br />~/sarc~AuricTechhttp://aurictech.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-9191826239366783552014-07-29T23:00:56.304-07:002014-07-29T23:00:56.304-07:00This is excellent, cap'n. Thank you.This is excellent, cap'n. Thank you.Anonymoushttps://www.blogger.com/profile/08992146563165636778noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-39869823366756307682014-07-29T21:55:20.013-07:002014-07-29T21:55:20.013-07:00Dave, you see a strong counter to inflation in tec...Dave, you see a strong counter to inflation in technological improvements. For example, 10 years ago, my 50 inch plasma tv cost $2500. Today I can get a better 50" flatscreen tv for $500. When compare the real (2004) prices, my $500 TV costs about $400 in 2004 dollars.<br /><br />Further, the massive injections of cash from 2007 on have mostly been sitting in banks. Will they release that money into the economy? Who knows. But it's there, like a tsunami just over the horizon.Aaronhttp://legendarykotetu.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-37973544407504658172014-07-29T21:42:35.108-07:002014-07-29T21:42:35.108-07:00good stuff, cap... thanks for the easy explanation...good stuff, cap... thanks for the easy explanation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-69964855948680739862014-07-29T20:30:25.869-07:002014-07-29T20:30:25.869-07:00We obviously CAN keep printing money forever, beca...We obviously CAN keep printing money forever, because the Fed DOES print trillions of dollars a year and the dollar shows no signs of collapse. Japan has been printing like crazy for 25 years now and the yen hasn't collapsed. Don't ask why, it's a complete mystery to me.<br /><br />Let's chisel a new slogan onto the Eccles Building: TO ALL THE WORLD'S BANKERS, WE PAY CASH FOR YOUR TRASH. Davenoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-69451456836901323572014-07-29T15:58:44.922-07:002014-07-29T15:58:44.922-07:00Whenever people ask me why we can't just print...Whenever people ask me why we can't just print more money, I always explain that it's for the same reason that we can't feed more people by cutting a pizza into more pieces. Anonymousnoreply@blogger.com