Denmark's 2006 public finances has a surplus of 6% of GDP

[BlackCat]

Originally posted by Monk


Oh dear. More bridges.

Well, the bridge part is not so bad. It's the now-we-have-to-build-more-useless-motorways-elsewhere thing.

Just read at ing.dk that FRI ( http://www.frinet.dk/Opinion - sorry, danish) want a second great belt bridge from Kalundborg to Ã…rhus

Well, it actually makes some sense if it replaces the four-mayor idea about improving railways for 20 bill DKR.

Further, it would probably be so big that it beats that darn japanese bridge that is a tiny bit larger than the current great belt bridge

Well, it doesn't take much to use a single years surplus, just a couple of bridges or three (I even has heard murmurs of a third little belt bridge, but a such would be peanuts)

[KrazyHorse]

Inflation is a monetary phenomenon - no matter what the economy does there can be no inflation unless the money supply is increasing (= state is printing money)

Wrong.

[KrazyHorse]

Originally posted by VetLegion

Your point is that if more money is being spent on one good, it's necessary that less is spent on another. This is not true.

I'm all ears. This could help me with personal finances, so please share

Do you seriously not understand that for every transaction all the money that flows out of somebody's hand also flows into somebody else's?

More money can be spent as an aggregate without there being any more cash in the system.

[KrazyHorse]

Hell, even if there was no cash in existence we could still have monetary economic activity.



The government doesn't have to print any money at all for transactions to be completed. In fact, cash transactions account for only a small percentage of all economic activity. An increase in the money supply can be a cause of inflation, but is not the only one.

[BlackCat]

I think that wetty are imagining weimar germany, current zimbabwe etc when he talks about state printing money and inflation going havoc. That is the state prints money to pay with instead of having incomes that can do it.

Increasing the amount of money in an average economy today is just to ensure that there are enough "payment items" for daily use.

[VetLegion]

Folks, money is money no matter visible or not. I see that today's immaterial nature of money is confusing the bejesus out of you. You think that if you don't see it and can't touch it, the government didn't print it. Well, think again.

http://en.wikipedia.org/wiki/Money_supply

[Monk]

Originally posted by BlackCat
Just read at ing.dk that FRI ( http://www.frinet.dk/Opinion - sorry, danish) want a second great belt bridge from Kalundborg to Ã…rhus

Oh dear.

While we're at it, perfectly nice places such as Læsø are just sitting there (well, floating), you know, completely unbridgified and all. Go to work, I say!

[LordShiva]

Originally posted by VetLegion
Folks, money is money no matter visible or not. I see that today's immaterial nature of money is confusing the bejesus out of you. You think that if you don't see it and can't touch it, the government didn't print it.

No, it seems as if that's what you think :

Originally posted by VetLegion
If something becomes more expensive and is bought (and the amount of money is fixed), something else must become cheaper or go unbought.

This is a fundamental misunderstanding.

[BlackCat]

Originally posted by Monk


Oh dear.

While we're at it, perfectly nice places such as Læsø are just sitting there (well, floating), you know, completely unbridgified and all. Go to work, I say!

Ehrm, Why stop at læsø ? We need a bridge first to færøerne and then from there to Grønland

[BlackCat]

Originally posted by VetLegion
Folks, money is money no matter visible or not. I see that today's immaterial nature of money is confusing the bejesus out of you. You think that if you don't see it and can't touch it, the government didn't print it. Well, think again.

http://en.wikipedia.org/wiki/Money_supply

Currently there are mints and bills worth 55,5 bill DKR circulating. That is somewhat 1/30 of BNP, and you probably had to add a couple of zeroes or two to the 30 part if you use the real value of assets.

[Dinner]

It would be nice if Denmark used the extra money to pay down its national debt and build some more infastructure (roads, bridges, subways, etc).

[VetLegion]

It seems muslim boycott of Danish products didn't have any effect on the economy.

[LordShiva]

Nor Spiff's boycott of Danish feta

[KrazyHorse]

Originally posted by VetLegion
Folks, money is money no matter visible or not. I see that today's immaterial nature of money is confusing the bejesus out of you. You think that if you don't see it and can't touch it, the government didn't print it. Well, think again.

http://en.wikipedia.org/wiki/Money_supply

You're the one that brought up printing, son.

[KrazyHorse]

And the only one confused here is you, BTW...