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Author Topic: Government Debt is the source of private savings  (Read 2609 times)
Iseree22
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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.
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johnyj
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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)

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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!

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