Why You Shouldn't Spend that 'Stimulus' Check http://www.alternet.org/workplace/84019/ Excerpt This is precisely what I have been writing about on this forum for sometime. To see it coming from the very liberal Huffington Post, shows that the Ron Paul Revolution is taking hold, and bringing discussions about money and monetary policy back into the public sphere for the first time in over 100 years. If anyone has any questions about the monetary system, I would be happy to provide what knowledge I have, and research the rest. There are a few people here who understand it fairly well, korr being the foremost in my mind. Understanding money, is integral to understanding politics, and social organization. With Pander (O)Bama asking for $50 billion in "government stimulus" and another round of (sic) tax "stimulus" rebates, we have to seriously question not only the panderability (my new word)) but motivation of our politicians as they continue to debase the currency by issuing more and more debt in return for populist support. From an honest point of view, issuing more debt now could be very damagaing, and our leaders need to stop teasing us with self-enslavement as a means of winning votes.
Too bad most Americans are under the 'I like money' train of thought. It's like a carrot on a stick, and we are the fat furry bunnies!
I also heard today that Obama wants to continue with another round of stimulus checks if he's elected. Let's make the problem worse, pleaaaaassseee!
what people dont understand is they take the money from our own pockets and give us the stimulus package what a shame, these corrupt politicians , time for communist revolution in the US
What people don't realize is that the stimulus check came from money that the government does not even have = it did not come from your pocket, but thin air!
Yeah. All the Government is doing is 'robbing Peter to pay Paul'. The check isn't a rebate because the US is 100's of billions in the red.
3 billion a day of borrowing is a lot of money. What's the interest on the National debt per year? "3 billion a day to cover U.S. operating expenses, not to mention Wall Street borrowing over $30 billion a day to keep their Ponzi scheme going."
It is funny that a government that has more debt than any other can hand over checks to all its citizens. Good Times. I wish I was not sitting on the bottom end of this Ponzi scheme. It is hard to believe so many are asleep and just don't see what is happening.
The stimulus makes sense if it is redistributed in such a way that poorer persons are given the checks and not the rich one. That way it redistribute the money and fills the gap between rich and poor.
Totally agreed and well said! But having said that, if we apply the Game Theory of John Nash, you will find that it is dominant strategy to spend. If others spend and you don't, you end up losing more. So in the end everyone will spend the stimulus rebates.
No. Please read the article in the OP. If you have any questions about monetary theory there are a few of us here who can answer them for you. And be poorer for it.
No, I studied a module of it for my post graduate degree. To say that I have no real idea on Game Theory isn't too far off the mark . It is really a lot of things to learn about it. But you are too straight talking
From LRC, here is a funny blog post. I didn't like this blog before because the CSS was messed up, and I think Blogger blogs in general totally suck for functionality. But lately the content has been really good. "Stimulus" Spending: Making The Dead Parrot Twitch http://freedominourtime.blogspot.com/2008/06/stimulus-spending-making-dead-parrot.html Excerpt