Subject:
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Re: A hypothetical economics question...
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Wed, 27 Feb 2002 23:42:31 GMT
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Viewed:
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259 times
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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
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Message has 2 Replies:
 | | Re: A hypothetical economics question...
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| (...) 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 (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
| | | Re: A hypothetical economics question...
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| (...) 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 (...) (23 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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Message is in Reply To:
| | Re: A hypothetical economics question...
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| (...) 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 (...) (23 years ago, 27-Feb-02, to lugnet.off-topic.debate)
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