from my post here
The stimulous may be a “last ditch” effort but its no more likely to work than monetary policy. While the infrastructure spending is much overdo and quite welcome the rest of the effort is just a wasteful continuation of the current failing system.
It would have been cheaper and more effective to cut [...]
Outsourcing the Drive Thru.
While so far these jobs are stateside what this means is fewer people are doing more work, in short layoffs, for vulnerable young and poor workers and the loss of even more starter jobs.
If we as a society we don’t put a stop to this kind of thing we will destroy the [...]
Having heard various rumors relating to the new stimulus package I want to share my opinion with you folks
Personally think some infrastructure spending is an excellent idea as there are roads and bridges that are long overdo for repairs. I’d rather like to see national health care as well.
That being said a bunch of [...]
Its actually effortless to fix our current deflation concerns . All you have to do is put more money in peoples pockets on a long term basis.
This means actual higher wages, not cheaper debt. Once this is done and the pressing debts are paid off and some savings is established people will [...]
Have you folks noticed the preponderance of self check out lines at stores? I’ve seen these things at Home Depot and Fresh and Easy so far.
What concerns me is that if we keep making businesses need less and less people how are all the folks who would once have been check out clerks and [...]
Prosper’s Law of Labor Cost Efficiency states
If an economy manages to broadly control labor costs and becomes too efficient the result is deflation. Since wages create consumers without decent wages there are no buyers
Prosper’s Prosperity Solution states
In order to have a a rich nation you need to be
Be Honest
Be Thrifty
Work Hard
Balance Your Budgets
Share the Wealth
Make it at Home
Sell it at Home
Buy it at Home
Trade with Equals on an Equal Footing
Ban fractional reserve banking.
This will limit the money supply (thus limiting the rate of inflation) and keeps banks solvent.
You should only borrow money beyond half a weeks pay or so for the following reasons…
#1 To stay out of jail.
#2 Pursue an education that will either greatly increase your income or happiness.
#3 For health reasons.
#4 To buy a house
#5 To start a business
Also no matter what [...]
I just noticed a little inflation at my local taco stand
Soda has gone up about 7 cents — thats a 5% increase.
Thats about the rate everything that is not pegged to the Ren-Mimbi is going up.
Ouch