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    Tag: Whellbarrows

    Really Expensive Wheelbarrows

    By JGillman, Section News
    Posted on Mon Jul 25, 2011 at 03:13:36 PM EST
    Tags: Debt, Printing Money, Michigan, Whellbarrows, hyperinflation, Weimar, United States (all tags)


    What better way to saddle those who have little means, than with a higher cost of living. When the United States Government prints that money to pay the bills, and drives inflation through the roof.

    Think not? Its happened before.

    If it weren't for modernization and efficiency hiding the termites which are eroding our financial base, the "come to Jesus moment" would have happened already. Farming efficiency has kept us fed (and it has also been subsidized), and mechanical improvements have allowed more product to be built with less labor cost. Energy as well has played into it, as it has been cheap and plentiful.

    These things would under ideal conditions, make us ALL wealthy in consumables and lifestyle, yet because of the inflationary effect of increasing debt and fewer actual PRODUCERS of wealth they remain subdued as merely a balancing agent. The neutralization of poor fiscal policy cannot go on forever though. Adding to this, the absence of energy policy that would help this country remain a wealth producer.

    For my current argument, there are two types of debt; 1. Stated, and 2. Liability.

    Michigan for example, cannot spend more than it takes in. Its the law. It cannot borrow money that is not immediately payable through the budget cycle. If it did, then Michiganders would be stuck with interest payments, yada. There are tricks used to get around this, but unlike the Fed it cannot hold a negative balance year after year.

    More Below ~

    (2 comments, 637 words in story) Full Story

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