Bitcoin Forum
December 06, 2016, 06:07:11 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Government Debt is the source of private savings  (Read 2459 times)
Iseree22
Newbie
*
Offline Offline

Activity: 28


View Profile
October 04, 2011, 04:08:15 PM
 #21

What is wealth measured in? Currency units. Therefore the total wealth of an economy is going to track very closely with the amount of money in circulation.

You have absolutely no idea what you're talking about. By this logic, Zimbabwe should be one of the richest countries, since it has a huge amount of money in circulation.

The Weimars had so much cash, they burned it to keep warm! So much for 'currency units'. Rofl.

You don't make any sense. If you go back and read carefully and, think just a little, then you will realize that wealth in every country is measured in currency units. We don't compare how many pigs, shoes, cars, etc, etc we have, instead we do something that may appear complex to some, but after carefully thinking the process through it is actually quite simple. We sum the value of everything we have in currency units, and call this wealth.

Let me know if you have trouble getting your head around that concept.

Once you have understood that, there is another concept called currency purchasing power. But first we should get a handle of the basics before moving to more advanced topics.

 Learn how modern money really works.  (http://alturl.com/e4hu5) Ctrl-F : 1. What is Money?

How can a State(Country) that creates its own currency run out of Money?? It can't.
1481047631
Hero Member
*
Offline Offline

Posts: 1481047631

View Profile Personal Message (Offline)

Ignore
1481047631
Reply with quote  #2

1481047631
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481047631
Hero Member
*
Offline Offline

Posts: 1481047631

View Profile Personal Message (Offline)

Ignore
1481047631
Reply with quote  #2

1481047631
Report to moderator
1481047631
Hero Member
*
Offline Offline

Posts: 1481047631

View Profile Personal Message (Offline)

Ignore
1481047631
Reply with quote  #2

1481047631
Report to moderator
1481047631
Hero Member
*
Offline Offline

Posts: 1481047631

View Profile Personal Message (Offline)

Ignore
1481047631
Reply with quote  #2

1481047631
Report to moderator
johnyj
Legendary
*
Offline Offline

Activity: 1806


Beyond Imagination


View Profile
October 04, 2011, 06:23:48 PM
 #22

Exactly, since most of the products have very short lifespan, there is not a lot of wealth people can save, what people save is only money and the purchasing power of it

And I disagree with the idea that printing money will easily cause inflation, that kind of inflation in Zimbabwe is caused by a combination of extremely low productivity and the exessive amount of money supply

Any modern developed country will generate enough goods in a short time to chase the newly added money supply, if those money are distributed to the right people (the unemployeed or low income people)

hmongotaku
Full Member
***
Offline Offline

Activity: 168


View Profile WWW
October 04, 2011, 08:24:03 PM
 #23

What is wealth measured in? Currency units. Therefore the total wealth of an economy is going to track very closely with the amount of money in circulation.

You have absolutely no idea what you're talking about. By this logic, Zimbabwe should be one of the richest countries, since it has a huge amount of money in circulation.



The Weimars had so much cash, they burned it to keep warm! So much for 'currency units'. Rofl.

right on brotha!

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!