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Prosperity can only be achieved for a privileged few
any comments? "Not everyone can become rich because there... SirEdward 07/13/04
POVERTY FAST FRED 07/13/04
A reply to Sir Edward Lucius Foster 07/13/04
Lucius you CAD... Thye Usual Suspect 07/13/04
Sounds like something written by a twelve-year-old Marxist. ... Mark Grant 07/13/04
rich & poor Albert Einstein 07/13/04
Let me guess axbucxdu 07/13/04
"dolphins are another creature, besides man of course, that ... Kenmeer Livermaile 07/21/04
reft, light axbucxdu 07/21/04
marching cheek to cheek Kenmeer Livermaile 07/22/04
Not everyone can become rich because there is a finite am... Vangel Vesovski 07/13/04
Under this debt monetary system....... Jerry R LaPlante 07/13/04
Please explain to me why the American worker, who's produ... Vangel Vesovski 07/15/04
Yes, productivity has increased in many cases. Jerry R LaPlante 07/15/04
Jerry R LaPlante & The Answers ! The Reaper ! 07/15/04
You want some cheese with your whine? Vangel Vesovski 07/15/04
Vangel & What Ain't ! The Reaper ! 07/15/04
Never stated your preferences??? Vangel Vesovski 07/16/04
Vangel & Whining ! The Reaper ! 07/17/04
Reaper And Whining Finster 07/17/04
Finster &The Agenda The Reaper ! 07/17/04
Truth And Consequences Finster 07/17/04
Finster & A Living Wage The Reaper ! 07/17/04
Living Wage Subsidies Finster 07/17/04
Fister & What ? The Reaper ! 07/17/04
$50,000/Year The Devil's Gift 07/18/04
Vangel, we talk about rich people paying so much more and wi... EHtaga 07/16/04
Rich houses generally take up more space in a multi-zoned... Vangel Vesovski 07/16/04
duplicate sorry... EHtaga 07/17/04
Vangel, there must bve something keeping you in beautiful do... EHtaga 07/17/04
Live in a place you like... Vangel Vesovski 07/18/04
Good post Reaper Jerry R LaPlante 07/16/04
Debt Jonathan Potter 07/20/04
The Pepsi challenge feelingolder 07/13/04
What people fail to consider, and yet they are also the prop... EHtaga 07/13/04
"oil is not being replenished" Well, there's some evidenc... Mark Grant 07/13/04
I'd love to be sucked dry as he was Mark .....anytime. Do y... EHtaga 07/13/04
"And your comment that oil prices were much higher at the en... Mark Grant 07/13/04
Mark. The problem was that he may not have been completely w... EHtaga 07/15/04
It is almost universally assumed that lowering the cost of s... Kenmeer Livermaile 07/20/04
You are confused... Vangel Vesovski 07/13/04
Vangel this is one source, where I went to get data or comme... EHtaga 07/13/04
He can't respond - he's too busy Marothoner 07/13/04
Sometimes I do not respond because I do not get e-mail notif... Vangel Vesovski 07/14/04
Standard Oil was such an extraordinarily efficient compan... Vangel Vesovski 07/14/04
Another source... Vangel Vesovski 07/14/04
So Vangel, sorry I didn't get back to this sooner. So at one... EHtaga 07/16/04
First, Standard was not forced to give up its monopoly posit... Vangel Vesovski 07/18/04
anybody can become rich tajak 07/13/04
conventional logic Kenmeer Livermaile 07/20/04
conventional logic Kenmeer Livermaile 07/20/04
didn't karl have a word or two on the subject some 100 plus ... joe weizer 07/13/04
when a system slowly but surely eliminates the middle class,... joe weizer 07/13/04
slavery is not about force or money... cherokee 07/13/04
"if you have no land, you are forced to pa yextortion to tho... Mark Grant 07/13/04
so income taxes .. cherokee 07/13/04
Tax = Extotortion Rick Gryphon 07/14/04
put another way... cherokee 07/21/04
"In the future young people will revolt, take control ...... Mas o Meno 07/13/04
why don't you read something mas o meno? cherokee 07/21/04
Dear Cherokee......If you were an elected official... Mas o Meno 07/22/04
& if you have no software you're forced to pay licence fees ... SirEdward 07/13/04
you do not need software.... cherokee 07/13/04
Huh? feelingolder 07/13/04
If you buy land you might have to make it produce something Mas o Meno 07/13/04
bullshit. cherokee 07/21/04
what makes you think i don't have land? cherokee 07/21/04
it might if you bought Mr. WDH KwikTop's stuff. maybe he's c... SirEdward 07/14/04
"you do not need software to stay alive" Nowadays we incr... Kenmeer Livermaile 07/20/04
Extortion? Rick Gryphon 07/13/04
Capone wayne martin 07/13/04
Wayne on your point about ma bell never charging what the ba... EHtaga 07/13/04
friend lives on a boat in Phuket, choosing this lifestyle to... SirEdward 07/14/04
Blasphemy!! dyjech 07/13/04
Alright, first let me admit I didn't take the time to read t... Some dude 07/20/04
Money Jonathan Potter 07/20/04
Yep. You're right. Which further illustrates my point that n... Some dude 07/20/04
About Saving A.H. 07/20/04
banks don't need your savings.... cherokee 07/20/04
thin air and fat city Kenmeer Livermaile 07/20/04
dolphins feelingolder 07/20/04
flipper and f*** her Kenmeer Livermaile 07/21/04
willingness feelingolder 07/21/04
Perhaps I'm exaggerating dolphin promiscuity. But I too reca... Kenmeer Livermaile 07/22/04
creature morality feelingolder 07/22/04
monk in the mirror Kenmeer Livermaile 07/22/04
Kenmeer... Some dude 07/20/04
it ain't necessarily free... Kenmeer Livermaile 07/21/04

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Date: July 13, 2004 05:07 AM
Author: SirEdward

any comments?

"Not everyone can become rich because there is a finite amount of money in the economy and a person becomes rich by making other people poorer since a rich person effectively has taken money from people without passing all that money onto other people by spending it. When a rich person saves his money rather than spends it he is effectively taking money out of the economy and so deprives the economy of money that can be used to give someone else a living.

"If everyone was rich there would be too much money in the economy and the value of money will fall (inflation) and eventually the value of money that people have will end up worthless. This is why you cannot have prosperity for all, because it is inflationary.

"Sustainable prosperity is not possible in a free-market economy because this increases the money supply which causes inflation. Prosperity can only be achieved in a spurt of inflationary monetary expansion called a boom which then has to be followed by a painful monetary contraction called a recession in order to reduce the inflation caused by the preceding boom. The more money people have the greater is the quantity of the money in the economy which causes inflation. A recession is required following a boom in order to contract the money supply and so reduce the inflation caused by the boom. The recession is intended to make people poorer because it is when people have too much money that causes the rise in inflation.

"The purchasing power of money can only be maintained by limiting the supply of money. The value of money diminishes the more money is in circulation. Increasing the money supply causes the value of money to fall because prices rise which is inflation. To keep inflation under control there needs to be a large number of people that are poor otherwise if everyone was prosperous then money would be worthless. Inflation is a problem that affects money based economies and in order to keep inflation low there needs to be a large pool of unemployed and poor people. A free-market economy needs to maintain a large number of people in poverty in order to protect the purchasing power of money and to be ruthlessly efficient. Poverty is the price that needs to be paid so that society as a whole can enjoy the fruits of a ruthlessly efficient free-market system".

(http://65.88.90.51/forums/Index.cfm?CFApp=3&Message_ID=163886)




















































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Date: July 13, 2004 05:35 AM
Author: joe weizer

didn't karl have a word or two on the subject some 100 plus years ago. greed bankrupts economies. than masses hit the baricades. and then comes Communism.

(http://65.88.90.51/forums/Index.cfm?CFApp=3&Message_ID=163891)


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Date: July 13, 2004 07:35 AM
Author: joe weizer

when a system slowly but surely eliminates the middle class, with it goes the "american dream" which once was the envy of the rest of the world. what happens to these people. they wake up in a new reality, not edited by holywood. they realise they were manipulated by great lies. and as this ex-class grows in masses, with them grows the hope of a more just economic system. these people are very different from the once of 1917 in russia. a transition of a feudal system into a socialist/communist system was an absolute failure. but, a transition of a modern, educated society, who's dreams are being shuttered daily, into a more self governed, tolerant, emancipated society is a hope that the world would really envy.

(http://65.88.90.51/forums/Index.cfm?CFApp=3&Message_ID=163914)


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Date: July 13, 2004 08:47 AM
Author: cherokee
Subject: slavery is not about force or money...

... it is about land.

if you have no land, you are forced to pa yextortion to those who have.

this is why in the future the young people will revolt and take control of the land, and the cycle will begin all over.

(http://65.88.90.51/forums/Index.cfm?CFApp=3&Message_ID=163929)





















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Date: July 13, 2004 08:41 PM
Author: dyjech
Subject: Blasphemy!!

"You can only be as rich as the people around you."

(http://65.88.90.51/forums/Index.cfm?CFApp=3&Message_ID=164216)


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Date: July 20, 2004 12:53 AM
Author: Some dude

Alright, first let me admit I didn't take the time to read this super long thread. But I want to throw out the big point that so many people miss. Perhaps several others already have.

The premise of the original arguement that getting and saving money is bad, because you're taking wealth away from others, not putting it back into circulation, blah blah... is BS

You do a service and are paid. But you don't spend the money, you save it for future use. Well the transaction is only half finished. You gave your services, but did not demand your share of others goods. If everyone tried to do this you would have people lining up to do all the crap you don't want to. They would do it cheap to get market share, more business, etc. At the end of the day they wouldn't even exercise their right to some of the real physical goods that belong to you! They allow you to keep on being lazy until the future point when they spend their money, thus exercising their right to their half of the original deal. You had a free loan the whole time they saved their money.

Bill Gates provides Windows. Decent product, helps millions and millions of people connect and be more productive. So a leveraged guy like that has a big pile of money. The windows users have something from Gates, but he doesn't have anything physical from them in return. If he torched his cash in a big fire, everyone should say thank you! Now they not only get to keep their physical goods until the future point when Gates spends his cash... they get to keep them forever! (OK, now since the Windows buyers spent their money, but the money now doesn't exist everyone who holds money now holds money of more value. So everyone benefits. Difficult to measure, yes. Especially with our terrible non gold standard system. But the benefit is real.)

Don't let the non-austrian school idiots confuse you. Of course the government folks want everyone to blow their money, creating a short term boom. But it's bad for the future, and the logic is wrong.

(http://65.88.90.51/forums/Index.cfm?CFApp=3&Message_ID=166655)