Comments on: There’s Good News and Bad News About the U.S. Budget http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/ Fri, 27 Nov 2009 23:11:38 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Charlie (Colorado) http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-64094 Charlie (Colorado) Tue, 24 Jun 2008 00:44:45 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-64094 George, that's way too much for me to try to repond to in a comment. Why don't you write it all up and submit it to PJM? George, that’s way too much for me to try to repond to in a comment. Why don’t you write it all up and submit it to PJM?

]]> By: George Clarke http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-61848 George Clarke Wed, 18 Jun 2008 17:12:07 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-61848 Charley, Number One: Government, an essentially psychological concept (e.g., The Emporer has no Clothes)is what we call a legal fiction. Government does not create profit, though it can create more paper and credit based money easily enough. Workers in the factories create the profit. Just as a slave who shares in none of the output of the plantation, and who will eat nonetheless, regardless of output, is the most unproductive worker on the planet (stands to reason) a factory worker who owns the factory and shares in the profits is the most productive worker on the planet. (Stands to reason). Profit based economies where the productive class owns the capital (e.g., South Korea) are always more productive than slave based economies like Soviet Russia and North Korea where the monopolistic government, ocntrolled by one person, owns all the capital. Stands to reason. So my idea, as stated, is the workers owne the government factories, competing with private enterprise, not the government bureacrats, who get paid a salary, unless they want to take a promotion to become a factory worker/owner. This of course is hundreds of years in the future, but ultimately, once you understand economics and the only source of new money, or I should say, new money value, it is the only logical answer. Not the photocopy we use now of what the Bourbons did during and after the Sun King. That way lies the Guillotine followed by Bonaparte. Ughhh! There is a book available to explain the whole thing "Not Perish the Fire: The Science of Money, The Science of Peace" by Adam Marx and Karl Smith. It is the story of Quantum Economics which explains the universal means and methods available for Creating, Preserving and Destroying market accumulations of wealth and money. The conclusion of the book is "No Taxation With Representation" since, if the government is busy making a profit and expanding the money supply, it will have no money for war or conquest (or need for it either) since no one ever made a profit out of a war. (Theft is not profit). Charley,
Number One:
Government, an essentially psychological concept (e.g., The Emporer has no Clothes)is what we call a legal fiction. Government does not create profit, though it can create more paper and credit based money easily enough. Workers in the factories create the profit. Just as a slave who shares in none of the output of the plantation, and who will eat nonetheless, regardless of output, is the most unproductive worker on the planet (stands to reason) a factory worker who owns the factory and shares in the profits is the most productive worker on the planet. (Stands to reason). Profit based economies where the productive class owns the capital (e.g., South Korea) are always more productive than slave based economies like Soviet Russia and North Korea where the monopolistic government, ocntrolled by one person, owns all the capital. Stands to reason.
So my idea, as stated, is the workers owne the government factories, competing with private enterprise, not the government bureacrats, who get paid a salary, unless they want to take a promotion to become a factory worker/owner. This of course is hundreds of years in the future, but ultimately, once you understand economics and the only source of new money, or I should say, new money value, it is the only logical answer. Not the photocopy we use now of what the Bourbons did during and after the Sun King. That way lies the Guillotine followed by Bonaparte. Ughhh! There is a book available to explain the whole thing “Not Perish the Fire: The Science of Money, The Science of Peace” by Adam Marx and Karl Smith. It is the story of Quantum Economics which explains the universal means and methods available for Creating, Preserving and Destroying market accumulations of wealth and money. The conclusion of the book is “No Taxation With Representation” since, if the government is busy making a profit and expanding the money supply, it will have no money for war or conquest (or need for it either) since no one ever made a profit out of a war. (Theft is not profit).

]]> By: Charlie (Colorado) http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-61591 Charlie (Colorado) Wed, 18 Jun 2008 01:48:12 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-61591 Fresh, the thing about European entitlements is that they're so large it's making it hard for the GDP to grow, an issue we have (so far) avoided, as you correctly imply. The shrinking population should, over time, improve the situation though... if you can get through the transition. Fresh, the thing about European entitlements is that they’re so large it’s making it hard for the GDP to grow, an issue we have (so far) avoided, as you correctly imply. The shrinking population should, over time, improve the situation though… if you can get through the transition.

]]> By: Charlie (Colorado) http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-61590 Charlie (Colorado) Wed, 18 Jun 2008 01:45:40 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-61590 Cartman2, the "Silly ass veers into Iraq War complaints" department is down the hall, and to the left. The <i>far</i> left. Cartman2, the “Silly ass veers into Iraq War complaints” department is down the hall, and to the left. The far left.

]]> By: Cartman2 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-61534 Cartman2 Tue, 17 Jun 2008 22:27:49 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-61534 If government is so inept, why trust it to run a counterinsurgency war, one of the most difficult tasks in the world? If government is so inept, why trust it to run a counterinsurgency war, one of the most difficult tasks in the world?

]]> By: Fresh Air http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-61014 Fresh Air Mon, 16 Jun 2008 16:12:05 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-61014 Charlie-- Very nicely done. It would be interesting to apply this theory to Europe, where birthrates are falling (have fallen?) to below replacement levels, and where entitlements as a percentage of GDP are already much higher than the U.S. I think you would see they are simply at a more advanced point on the graph than we are currently. And the Democrats think Europe has everything pretty much figured out... Charlie–

Very nicely done. It would be interesting to apply this theory to Europe, where birthrates are falling (have fallen?) to below replacement levels, and where entitlements as a percentage of GDP are already much higher than the U.S. I think you would see they are simply at a more advanced point on the graph than we are currently. And the Democrats think Europe has everything pretty much figured out…

]]> By: Charlie (Colorado) http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-60955 Charlie (Colorado) Mon, 16 Jun 2008 13:53:44 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-60955 George, it sounds good, but what evidence do you have that the government can run something effectively to make a profit? George, it sounds good, but what evidence do you have that the government can run something effectively to make a profit?

]]> By: George Clarke http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-60804 George Clarke Mon, 16 Jun 2008 02:58:12 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-60804 The only source of new money is profit i.e., adding one unit of wealth purchasable with money and one unit of money deriving its value -- new incremental value -- from the new unit of wealth that the money financed. If the new wealth is worth more to the market than it cost to create it, then that profit is new money. That can be proved mathematically, and that one fact, producing market wealth that is more and more valuable, in greater quantities, with borrowed money or bank-created money. That is the sole source of new money value, whether gold or bank notes or whatever. If we applied that rule to creating money, we could easily pay off the debt -- convert bonds at compound interest to stock in government facotories on domestic soil. Sell the produce of the factories and pay the workers with the profits who own 51% and pay off the former owners of the bonds, now retired, with the 49% profits. Profits to replace pork-barrel and government profits to create new money. This is superior to the present system headed for meltdown because taxes and one way gov't pork barrel spending producing nothing that can be purchased with the money spent to create it, destroys money, as opposed to profit which creates it. This is the answer to paying off the gov't debt, creating new money, ending porkbarrel spending which destroys our money and creates inflation and if we assign the gov't profits to the poor in exchange for their cooperative efforts in creating that profit, we can end poverty and reduce to a great extent the maldistribution of wealth. This is actually the answer and the only answer to the basic economic problems create by unbalanced capitalism. The only source of new money is profit i.e., adding one unit of wealth purchasable with money and one unit of money deriving its value — new incremental value — from the new unit of wealth that the money financed. If the new wealth is worth more to the market than it cost to create it, then that profit is new money. That can be proved mathematically, and that one fact, producing market wealth that is more and more valuable, in greater quantities, with borrowed money or bank-created money. That is the sole source of new money value, whether gold or bank notes or whatever. If we applied that rule to creating money, we could easily pay off the debt — convert bonds at compound interest to stock in government facotories on domestic soil. Sell the produce of the factories and pay the workers with the profits who own 51% and pay off the former owners of the bonds, now retired, with the 49% profits. Profits to replace pork-barrel and government profits to create new money. This is superior to the present system headed for meltdown because taxes and one way gov’t pork barrel spending producing nothing that can be purchased with the money spent to create it, destroys money, as opposed to profit which creates it. This is the answer to paying off the gov’t debt, creating new money, ending porkbarrel spending which destroys our money and creates inflation and if we assign the gov’t profits to the poor in exchange for their cooperative efforts in creating that profit, we can end poverty and reduce to a great extent the maldistribution of wealth. This is actually the answer and the only answer to the basic economic problems create by unbalanced capitalism.

]]> By: Charlie (Colorado) http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-60775 Charlie (Colorado) Mon, 16 Jun 2008 00:14:31 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-60775 Dammit. d(GDP)/dt > d(SPEND)/dt. Greater than. Dammit. d(GDP)/dt > d(SPEND)/dt. Greater than.

]]> By: Charlie (Colorado) http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/comment-page-1/#comment-60453 Charlie (Colorado) Sun, 15 Jun 2008 04:22:07 +0000 http://pajamasmedia.com/blog/theres-good-news-and-bad-news-about-the-us-budget/#comment-60453 Oh, and thanks for the kind comments, all. Oh, and thanks for the kind comments, all.

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