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The Canard of "Underutilized" Resources

PostPosted: Sun Dec 12, 2010 10:55 pm
by Economist
Well, since there's an official page for it here, I suppose I'll shamelessly self-promote.

My article on the folly of Quantitative Easing (aka printing money to "stimulate" the economy):

http://www.thefreemanonline.org/headline/the-canard-of-underutilized-resources/

Re: The Canard of "Underutilized" Resources

PostPosted: Tue Dec 21, 2010 9:17 am
by Cptindy
A very interesting perspective and explanation of the structure within industry itself and the components that seem to go the wayside. The situation confuses me in that, while the monetary policy is determined to subsidize inevitably Wall Street,(offsetting the continued withdrawal of investment) the necessary infrastructure improvements that would readily absorb these "low skilled" laborers receives no direct command or incentive.

How can a nation so in need of a makeover of its internal organs not promote the actual salvation of these worker? The situation reeks of misrepresentation. Those wielding their economic superiority choose to honor a system that in actuality is evolving on theory and completely missing the boat. An attempt to stimulate a non producing asset such as Wall Street, will only serve as a siphon to foreign capital. Creating jobs and industry over seas, while only those capitalists at the helm see a reward.

Re: The Canard of "Underutilized" Resources

PostPosted: Tue Dec 21, 2010 11:31 pm
by TXBullion
Good read for me, I like reading economic literature when its in terms that I can understand