sci.research.careers

On Sat, 6 Oct 2007, morrisjcroy@ wrote:

> The government's solution is to solve all their problems by printing
> up more money.
>

Suppose (and I'm not trying to be a smart-ass) you consider that the
solution of the private sector (read: corporations) solve all of their
problems by printing up pieces of paper that say "share" on each one, as
many pieces of paper as they need (including all the _gifts_ to the
executives, people who did favors, relatives, etc) and sell you X shares
for Y dollars, and you get to keep your assets denominated in _dollars_
and the corporation gets a ton of real dollars, and down the road your
dollar denominated assets have a good chance of increasing, and the
executives get multiple tons of assets.

It might be a good comparison to track the dow-jones averages over the
last, say, 100 years, and the various money supplies (M1, M2, and M3) over
the same period. And, by the way, the increase in the money supply mostly
comes from bank loans, not the govt. What the govt does is something
separate from bank loans. Banks don't even print money, THEY just loan
YOUR money while, simultaneously, letting you think that piece of paper
that THEY printed (called a monthly statement) which lets you see your
assets denominated in dollars while THEY gave most of your money
(depending on the Federal Reserve's _order_ about how much of a fractional
reserve they need to keep) to a THIRD Party (with the understanding that
in the end the THIRD party pays them back a lot, and you a little more
than you put in).

So, lets spread out the credit for hocus-pocus and hand-is-quicker-than-
the-eye. Not just blame it all on the govt all the time.