Quote:
Originally Posted by Paslode
That kind of sounds like a statement denial....I don't have a drinking problem, I just buy too much liquor. If I cut back on my visits to the liquor store I will no longer be a drunk and/or have a drinking problem.
If TPTB were to go through financial intervention class would it be recommended:
1. They quit borrowing and keep spending
2. Continue borrowing and quit spending
3. Quit borrowing and quit spending
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TPTB have TPTP (the power to print).
They do not play by the same rules as the rest of us.
"Money" is essentially nothing more than a transferable tax credit.
TPTB require that taxes be paid in their own currency.
Taxes are only necessary to insure that their currency retains value.
Spending (printing of money) need not be directly related to tax collection (destruction of money).
The government spends money less efficiently than the private sector.
Higher government spending, as a percentage of the economy, results in a less efficient economy.