On June 14 2005 , the newspaper headlines sprang the news that the central Government in India was mulling over the idea of legalising euthanasia – under the garb of mercy killing.
Well stated, I suppose economics is made out to be way more complicated than it truly is. After all, most house wives understand the fundamentals of economics and running ahousehold. Equally, they seem to understand (much better then governments) what debt is all about. As to our (thankfully departed) current Labour authorities – I doubt that they may have run a candy store with out driving it into bankruptsy!
What mainstream economists failed to comprehend was that the whole economic system, including all people on the top, makes cash because the individuals on the backside spend cash. And the people on the very backside get a lot, or maybe most, of their cash straight from the government. Instead of allowing dollars to circulate from the poor to the wealthy, which is the natural movement of dollars, they nonetheless thought that dollars would trickle down from the top.
frogdropping: I assume that is right. Most money now’s only a few blips on some pc screens. The downside is that the world as an entire owes extra money than there’s cash on this planet. According to Michael Hudson (hyperlink above) the last time the world was in this amount of debt was just before the autumn of the Roman Empire. We all know what occurred after that. About a thousand years of darkness.
If you finally want dollars to pay your taxes, why not simply conduct transactions in that foreign money? The solely benefit one may acquire through the use of one other foreign money and converting to dollars only when essential is when the greenback would be actively shedding value compared to the opposite foreign money. And as I defined above, the relative values could be determined by what could be bought with each foreign money.