Subject:
|
Re: A hypothetical economics question...
|
Newsgroups:
|
lugnet.off-topic.debate
|
Date:
|
Wed, 27 Feb 2002 23:42:31 GMT
|
Viewed:
|
220 times
|
| |
|
|
In lugnet.off-topic.debate, Frank Filz writes:
> I think it would cause economic collapse.
Gee, Frank -- don't you think its weird that I, a pagan, have generally come
out in support of a custom enumerated in the bible; whereas you, a Xtian,
have come out against it? Curiouser, and curiouser...
> Debt in and of itself is not a bad thing. What is bad is when the
> interest any particular entity accumulates exceeds (or is even some
> percentage) that entities income (over the long term, a short term
> period where interest is higher than income is not necessarily bad).
> Without debt and investment in it, it would be hard to pool capital in
> order to do big things.
Didn't you mean:
Wealth in and of itself is not a bad thing. What is bad is when the
wealth of any natural person exceeds that persons ability to make actual use
of it.
???
> Without debt and investment in it, it would be hard to pool capital in
> order to do big things.
Like what? Build pyramids, or big corporations? I am often hearing how
three guys built Apple computers in a garage with stolen parts...
-- Hop-Frog
|
|
Message has 2 Replies:
 | | Re: A hypothetical economics question...
|
| (...) I believe he's referring to railroads and such. Roads are funded a bit differently, but may use loans. Phone lines, gas pipes, electric plants and transport lines... they are all usually funded with loans - it is unfrequent one or ones have (...) (22 years ago, 28-Feb-02, to lugnet.off-topic.debate)
| | | Re: A hypothetical economics question...
|
| (...) Please show me where I have EVER stated that I pay much heed at all to the Bible. I really would hardly consider myself a Christian either, true, I do consider Jesus to be a "great man" (possibly even supernaturally great, but definitely NOT (...) (22 years ago, 28-Feb-02, to lugnet.off-topic.debate)
|
Message is in Reply To:
| | Re: A hypothetical economics question...
|
| (...) I think it would cause economic collapse. One question you would have to ask is what really do you mean by debt? If I buy stock in a company which is trying to raise capital, is that a debt or not? One serious problem is that you would (...) (22 years ago, 27-Feb-02, to lugnet.off-topic.debate)
|
33 Messages in This Thread:
  
 
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
This Message and its Replies on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
