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Because, Triphop, a dollar or any other unit of currency is a potential claim upon the time/energy of someone else.
What would happen, do you suppose, if one day you held out your dollar and no one wanted it? You held out $10... and no one would give you anything for it. $1,000? Same result.
When you att...more
"Who here believes that ss and Medicare are entitlements ?"
Well, the US Supreme Court has ruled on the matter... twice. First ruling; they are welfare. Second ruling; they are welfare. I'm sorry if you didn't get the memo.
FICA is, and always has been, taxes. As tax revenue, the money was put into th...more
The Japanese have experienced deflation (price declines) for 15 years ... and the people like it! They have a high savings rate, and they are used to not having automatic pay increases (when prices decline, you don't need "cost of living" adjustments).
But ... the government and the central bank don't like stable o...more
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