TIP: Click on subject to list as thread! ANSI
echo: aust_biz
to: Rod Speed
from: John Karmouche
date: 1995-03-15 00:56:42
subject: Re: Recessions are Unnece

-=> Quoting Rod Speed to John Karmouche <=-

 JK> A lot of people work hard. But few work hard and smart.

 RS> Yep, no argument there. Corse its hard to say just what percentage
 RS> of the population really do have the capability to be able to do that
 RS> stuff too. When many of them cant even notice that say the big hike
 RS> in interest rates that triggered the recession was just a government
 RS> initiative, and not 'the banks', you have to wonder.

 Hi Rod,

 I was looking forward to continuing this converstaion. So, what is your
 background? You sound somewhat more educated than most. Or are you just
 well read? If you know what I mean.

 Economics is just common sense of you ask me. I remeber the first economic
 principle I learned was called "the velocity of money" which means that
 one dollar spent today can go a long way as it passes through the hands of 
 many others in exchange for goods and sevices along the way. Its a real
 pity that the government doesn't know that. The press are even worse.

 Have you read "Unlimited Wealth" by Paul Zane Pilzer. If not, I'd love to
 lend it to you, so we could go on to discus some of the finer points of
 what the economic debate relly should be.

 Wealth, comes from trade. The more people trade, the more wealth there will
 be. This is a little narrow, because in real terms a country's wealth is
 determined by its Resources x its Technology. Pilzer compares today to
 the Alchemists of old. His arguments surrounds the fact that technology
 makes resouces go further and that in fact resources are unlimited. We
 haven't run out of oil yet, despite the fact that in 1974 they said we
 only had 20 yrs supply left. What they forgot to tell us was that that 
 figure was based on known reseves at that time and didn't take technology
 advances in car fuel injection systems into account.

 I rest my case.

 Looking forward to continuing a discussion with you. Perhaps some of the
 better informed will join us...

 Regards,

 John 
... Blue Wave - World Tour - 1995
--- Blue Wave/Max v2.12 [NR]
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