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New economics according to the brothers Grimm
(ref: Grimm's fairey tales)
[link|http://www.mises.org/fullstory.aspx?control=1568|Ten Recurring Economic Fallacies, 1774\ufffd2004]
The future which we discount so freely honors our drafts on it. Six months [of] restraint avails to set us right, and our credit creations, as anticipations of future product of labor, become solidified.
-- Sumner

but how much longer can this go on?
Largely because of the influence of Christianity, the debilitating sin of envy has no social standing here...

ah,... "keeping up with the Jones" mean anything to you?
...there is the tradition of law, respect for private property, tradition of profit, and contractual freedom.

these are being eroded
Have fun,
Carl Forde
New Some of those are interesting
and some are a bit misguided.

For instance...#3 says borrowing to pay for war is bad...but in #4 they seem to agree that deficits are at least somewhat beneficial, as long as they aren't protracted.

Other places seem to ignore effects of tranfer between parties (people, countries) when making the blanket statement "we are no better off". Well at a macro enough level it is certainly a zero sum game (subtract value of iron ore removed from the ground from steel produced because the ore came from the earth at an asset cost...yadda)...so no matter what we do...in their view we will never be any better off economically.

Glad is all theoretical.
Too much of today's music is fashionable crap dressed as artistry.Adrian Belew
     It's going to suck when we have to pay the piper - (lincoln) - (43)
         You must be a Republican - (bepatient) - (33)
             And interest on the National Debt is not mandatory? - (lincoln) - (25)
                 What he's done in the past 2 years - (bepatient) - (24)
                     So raise the cutoff. -NT - (Silverlock)
                     Beep says: - (lincoln) - (17)
                         Check your numbers - (bepatient) - (16)
                             US budget is nearly useless - (JayMehaffey) - (15)
                                 Nice use of statistics. - (bepatient) - (14)
                                     Wot, no sarcasm sign? - (warmachine) - (12)
                                         You seem to not understand - (bepatient) - (11)
                                             Who says so? Congress. Who will demonstrate if they renege? - (warmachine) - (10)
                                                 It is not that simple - (bepatient) - (2)
                                                     Then explain it! -NT - (warmachine) - (1)
                                                         Its not relevent, so no. -NT - (bepatient)
                                                 Everybody who has paid into SS. - (imric) - (6)
                                                     Thank you for doing what bepatient has refused - (warmachine) - (5)
                                                         What was the point? - (bepatient) - (1)
                                                             A counter argument, at last - (warmachine)
                                                         Heehee. - (imric) - (2)
                                                             Even the middle aged? - (warmachine) - (1)
                                                                 Yup. -NT - (imric)
                                     Sigh - (JayMehaffey)
                     Great. So starvation and plague is mandatory. - (imric) - (4)
                         There's another way. - (Another Scott)
                         It has nothing to do with class - (bepatient) - (2)
                             Oh, aye. - (imric) - (1)
                                 Regardless of who is trying to "insert your verb here" - (bepatient)
             Not quite. - (imric) - (6)
                 Proposals versus message - (bepatient)
                 SS is a scam (giant Ponzi scheme) -NT - (tonytib) - (4)
                     That HAS benefited many worthy people. - (imric) - (3)
                         While sarcastic - (bepatient) - (2)
                             no one has the balls to declare it old folks welfare - (boxley) - (1)
                                 'Doesn\ufffdt anything socialistic make you want to throw up? - - (Ashton)
         welcome to 1980 - (boxley)
         Need Medicare or Social Security? Run! Get out while... etc - (warmachine)
         I have an actual *cough* solution - (Ashton) - (4)
             So your suggestion to solve the 2025 spend crisis is - (bepatient) - (3)
                 no, when the elder patient asks a doc for a script - (boxley) - (1)
                     Well, he won't be doing that up here - (jake123)
                 A little reductio goes well with the - (Ashton)
         economics according to the brothers Grimm - (cforde) - (1)
             Some of those are interesting - (bepatient)

APOD is cool today.
55 ms