tag:blogger.com,1999:blog-3098264341625381422.post1464057695051646531..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: Obama's Stimulus Package is Bound to Failmike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3098264341625381422.post-10804078360147616182009-01-19T07:39:00.000-08:002009-01-19T07:39:00.000-08:00Hyper inflatin is the only way to get rid of our m...Hyper inflatin is the only way to get rid of our massive debt. While hyper inflation raises prices and wages, it doe nothing to increase contractual debt. Yur mortage and the debt of society, ie govt on all levels, remains the same.Pastor.Bob.Celestehttps://www.blogger.com/profile/07913482390350212897noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-72118127443616891222009-01-19T07:38:00.000-08:002009-01-19T07:38:00.000-08:00The pool of capital hasn't been reduced. It is sit...The pool of capital hasn't been reduced. It is sitting on the sidelines. It just isn't being used. That is a bunch of nonsense. <BR/><BR/>Look economics is ultimately all about logic. You can't simply print and borrow with no consequences. If there were no consequences, all governments would go deep in debt at all times. It's inflationary. Period. that's why you can't do it. Obama is doing it in spades and he's being rooted on. As such, if his stimulus works, it will set off major inflation. Period. That's how it works.mike volpehttps://www.blogger.com/profile/02999118519606254362noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-51741653815086017732009-01-19T06:45:00.000-08:002009-01-19T06:45:00.000-08:00Hi Mike,There is a possibility that inflation won'...Hi Mike,<BR/><BR/>There is a possibility that inflation won't be a factor. I say this because the 'pool of capital' has already been reduced by a staggering total, and the government simply printing money will restore the pool of capital to the previous rate.<BR/><BR/>There is also the possibility of some technological advance that changes the economy, such as personal computers and the internet did in the 80s and 90s.<BR/><BR/>I've said all along that energy development and energy technology is the way out of this mess and the gas discovery in Israel will certainly help, because the Israelis will not only mine their natural gas but also invent new technology to make the use and development easier to incorporate into society. They have always done a lot with few resources.<BR/><BR/>The problem with economics is that it limits itself to economics when history, science and technology, and random events also factor into the workings of any nation, now, global, the world.<BR/><BR/>So, I'm saying many things can unfold in the coming years, and if Obama does not have the right answers, then the Republicans need to have the right answers. And if no one knows what to do, then pray.Naftali2https://www.blogger.com/profile/07607656111555813947noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-39372200285956436262009-01-19T05:51:00.000-08:002009-01-19T05:51:00.000-08:00This is what I keep trying to explain to the Obama...This is what I keep trying to explain to the Obama-philes at work, who just insist then that the only solution is for Obama to somehow then "fix all that too"...as if the president has all these levers and strings to pull to make all those little things like economic reality go away by regulating them out of existence. And not one of them is smart enough to understand that all this has been tried before....<BR/><BR/>God help us.Anonymousnoreply@blogger.com