Quote:
Originally Posted by Paul Markham
The jobs available today are not in the same class as the jobs people did in the past.
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economy is far over your horizon paul. you should really not discuss that with someone who have a clue about that.
1. money inflation you have to compare with the income.
2. inflation is one of the IMPORTANT factors to move the economy.
if that not would be the case someone in 1910 could put 1000 dollars on a bankaccount
with an AVERGE interest rate of 3,5%
after 100 years he would have 31.191,41 US in his account. with other words:
3.119 % MORE as he had in 1910 !!!!
and now i ask you WHAT did he produce for that?
this money he got by simply not spending it.
you always want to be the advocate of the lower class but to be that you have to understand the economy - but you donīt because your arguments would cause THE OPPOSITE of your idea.
it is already too late for you to learn that - so better keep quite when it comes to solutions for the economy - you do not have them.