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what is wealth?   [Copy link] 中文

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Post time 2011-8-13 22:16:17 |Display all floors
what is wealth?


wealth is your ability to borrow and your willingness to spend it.

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Post time 2011-8-13 22:18:26 |Display all floors
what is national wealth ?

national wealth is the ability of the nation to print money
and the willingness to spend
and all the while without creating runaway inflation.

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Post time 2011-8-13 22:21:45 |Display all floors
the two greatest inventions :


paper money

and an efficient banking system.

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Post time 2011-8-13 22:28:46 |Display all floors
with China struggling to deal with runaway inflation.

and USA enjoys printing money and low inflation.

there is much for China to learn from USA.

how did they do it?

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Post time 2011-8-13 22:31:24 |Display all floors
wealth is your ability to borrow and your willingness to spend it.

cannot borrow, nothing to talk, forever poor.

not willing to spend it, nothing to talk, country forever stagnant.

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Post time 2011-8-14 11:28:58 |Display all floors

Reply #6 seneca's post

what I write may appear revolutionary but it is basic economics.


economics after we strip away the learned responses



what is wealth?


wealth is your ability to borrow and your willingness to spend it.

with one condition.

what is spend must improve productivity, on the average.

but if interest rate is near zero, it is very easy to make sure income exceeds interest expense.

that is how one  can spend money without even working. hahahahahahahahahahahahahahahaha

[ Last edited by Revolutionar at 2011-8-14 11:30 AM ]

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Post time 2011-8-14 16:43:12 |Display all floors
Originally posted by Revolutionar at 2011-8-14 11:28
what I write may appear revolutionary but it is basic economics.


economics after we strip away the learned responses



what is wealth?


wealth is your ability to borrow and your will ...



I strongly recommend you look up Cambridge economist Ha-Joon Chang and his views on American/Anglo capitalism.

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