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Noted. Sava does not understand the meaning of the word "wealth". 
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If there is no sound in space, how come you can hear the lasers?
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"Wealth" is just money in the mattress. It's not doing anything productive.Originally posted by Hauldren Collider View PostNoted. Sava does not understand the meaning of the word "wealth".To us, it is the BEAST.Comment
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Wow, posting a dilbert cartoon.Originally posted by DinoDoc View PostPretty sure this is it:
[ATTACH=CONFIG]173854[/ATTACH]"I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburgerComment
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Money in the mattress is not wealth, you fool. Money in the mattress, unspent, is actually charity to society, and spending it would not be good. Wealth is physical good or services.Originally posted by Sava View PostIf there is no sound in space, how come you can hear the lasers?
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I just posted that one because it made me lol when I read it on Mankiw's site.Originally posted by MRT144 View PostI make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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You are the one who said that tens of trillions in cash reserves was wealth.Originally posted by Hauldren Collider View Post
... only in extreme circumstances. But for the most part, you are wrong... by all metrics.Money in the mattress, unspent, is actually charity to society, and spending it would not be good.To us, it is the BEAST.Comment
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Sava: If you would like to make a cogent economic argument, I'm sure some would like to hear it.I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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It would be lost on all of you. Ideologues don't listen to reason. All things being equal, trolling forums is more fun.Originally posted by DinoDoc View Post
If I tried to be serious, the joke would be on me.
To us, it is the BEAST.Comment
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I'm completely right. You don't understand what fiat money actually is.Originally posted by Sava View PostIf there is no sound in space, how come you can hear the lasers?
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Your definition of "right" is completely dependent upon your narrow ideological view.Originally posted by Hauldren Collider View PostTo us, it is the BEAST.Comment
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No, it's not ideological at all, moron. Fiat money is a medium of exchange, not actual wealth. This is a fact. If you never actually make an exchange, you've just given something away. So if the money sits under your mattress, the work that earned it is charity.
Very simple stuff. Use your brain. If you have one.If there is no sound in space, how come you can hear the lasers?
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And such "charity" is less productive than if the money is spent. Hoarding is the least productive option when the alternatives are investment or spending on goods and services.Originally posted by Hauldren Collider View Post No, it's not ideological at all, moron. Fiat money is a medium of exchange, not actual wealth. This is a fact. If you never actually make an exchange, you've just given something away. So if the money sits under your mattress, the work that earned it is charity.
The only time when this wouldn't be true is when the supply of cash rapidly outpaces the output of goods and services.
And yes... your particular opinion on the matter is ideological.To us, it is the BEAST.Comment
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You are wrong, sava. The alternative to putting money in a bank is consumption. When they save money, it's investment. They don't actually put it under the mattress, they give it to banks and mutual funds and stocks and stuff.If there is no sound in space, how come you can hear the lasers?
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Investment is only actually investment if the money is spent on expanding business. Business expansion is only productive if there is demand to meet the increased supply. The "investment" you speak of is money that is being gambled in the market... in some form or another. Usually, the house wins. But there isn't really a house. So that money just gets passed around. It really only exists on paper. It could theoretically be used as "charity" the way you described... but that's only if it was burned and taken out of the economy completely.Originally posted by Hauldren Collider View Post
Because the source of it is mainly consumers (spending on goods and services)... it is leading to overall less economic activity... hurting the economy.
But I'm sure a blog somewhere is telling you differently.
The real shame is that you are smart enough to figure this out for yourself... but choose not to for some reason. Or, you just really enjoy trolling... which I can understand. You do get quite a rise of the Oerdin's of the world.
If I was poor, I'd probably care enough to get mad. But you embarrassing yourself with idiocy amuses me.
and writing TLDR helps pass the time... boredom
To us, it is the BEAST.Comment
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If we are in a liquidity trap, wouldn't it still be reasonable to believe that at some point we won't be and encouraging people to save will lead to more investment?Originally posted by Sava View PostComment
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