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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Thu, 28 Feb 2002 00:00:28 GMT
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Viewed:
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301 times
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In lugnet.off-topic.debate, Richard Marchetti writes:
> 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...
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 the money to
build such works paying up front.
Pedro
(who is terribly aware of what can happen to the construction business if
debts are cancelled... :-/ )
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Message has 1 Reply:
 | | Re: A hypothetical economics question...
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| (...) Eh? These are usually public projects, how is it that there is not enough money collected from taxes to accomplish these things? Don't even get me started on how Californians have already paid for their power plants. Anyway, it's the interest (...) (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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| (...) 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... (...) Didn't you mean: Wealth in and (...) (23 years ago, 27-Feb-02, to lugnet.off-topic.debate)
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