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View Diary: OMG!!! Teh Book That Would Have Destroyed Teh Obama!!!1!!1! (83 comments)

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  •  Great comment; I would add . . . (2+ / 0-)
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    Calamity Jean, hannah

    That pols don't totally take money out of the economy; they do transfer it to those fortunate rich that lavish themselves some, but also horde it for their future generations - creating what the founders detested, essentially an idle royalty class of the rich.

    I am sure that you know this and it was probably part of your intent, I was just trying to clarify.  I hate the thought of a 2% of "means" and a growing under class that cannot afford the straps of their boots that they used to grasp to get up, though I recognize it was always harder to pull oneself up.

    Blessed are the peacemakers, the poor, the meek and the sick. Message to Repug Fundies: "DO you really wonder "what would Jesus do?" I didn't think so.

    by 4CasandChlo on Sun Dec 02, 2012 at 05:35:24 PM PST

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    •  When currency is hoarded, it is effectively (1+ / 0-)
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      taken out of the economy, much as a dam removes water from downstream. But, while a dam has a limited capacity to hold water back and will eventually overflow to restore the stream, a figment of the imagination is both potentially unlimited and totally removable. The countries recently subscribing to the Euro have demonstrated that in spades, and in Spain. The drachma and the lira and the peso were retired in one fell swoop and now seventeen countries have to rely on the ECB, much as our fifty states have to rely on the Feds to manage the currency -- a task that was assigned by the Constitution to the House, but which Congress elected long ago (1913) to delegate to a quasi-private bank so they could not be blamed for mismanagement.
      Privatization is a scam. We pay Congress to manage our natural and man-made resources and then they hand their obligations off to their cronies and pretend they have nothing to do with it. It's really a very clever strategy Congress has invented -- they perpetrate crimes by doing nothing and, leaving in evidence, can't be prosecuted for it. The "no" in the Party of No has so much relevance. It doesn't just stand for obstruction, but negligence. I think on the railroads such behavior used to be called "featherbedding."

      We organize governments to deliver services and prevent abuse.

      by hannah on Mon Dec 03, 2012 at 04:31:39 AM PST

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