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11 Comments to "Captain Capitalism on Why Saving is Bad for America"
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biltmore
April 25th, 2008 at
8:03 pm
Hahaha. It’s funny because it’s true.
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CheeseDuck
April 25th, 2008 at
8:14 pm
Man, I love Captain Capitalism! Damn Karl Marx!
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Alannah
April 25th, 2008 at
9:33 pm
I now realize that I must buy that new flooring for the living room that I can’t afford. There’s no way I can allow the wood flooring man’s family to starve to death. Thanks, Captitan!
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phoenix
April 25th, 2008 at
10:11 pm
So brilliant.
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J of The Sandhills
April 26th, 2008 at
1:35 am
funny because its true
sad truth
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Aeris
April 26th, 2008 at
3:27 am
Hmm… oh great, so they’re saying “it’s good to spend money” - even when you don’t have it. Apply for credits, help the economy, ruin yourself…. I know that solely saving is bad, but it’s always good to have some backup money
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JamesM
April 26th, 2008 at
10:31 am
>Hmm… oh great, so they’re saying “it’s good to spend money” - even when you don’t have it.
and within that, what they’re probably really saying is “Spend it all now before the dollar is worth less than toilet paper!”
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Thomas
April 26th, 2008 at
11:22 am
Buy gold.
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Jurgen Kobierczynski
April 26th, 2008 at
11:35 am
Damn, NO! Spending money rather than saving isn’t capitalism, that’s Keynesiasm! There is really no point in saying that saving money creates communism! To let work capitalism work in full earnest, there should be no additional money poured into the economy. By keeping interest artificially low (by creating credit into the banking system) the fed devaluates the dollar, which discourages savings and encourages spending. The additional money poured into the economy creates booms and busts (like the tech boom and the housing boom) not productive for the economy because it creates overinvestments and liquidations. The endresult of the whole Keynesian is that overall high-order prices are much to high in comparison of wages, salaries. Also an inflationary boom creates malinvestments: to much consumption of high-order goods creates price increases of lower-order goods (like energy, food, commodities, etc…) later down the road. The point what I want to make is that Keynesiasm is NOT capitalism, it socialism in sheep’s clothes! In the end everyone will suffer, because the economy will enforce itself into savings by redirecting your real income (which is disminished by inflation) to the high paying exec’s which get ritcher and do save! For a real good explanation into why real savings are a necessary part of capitalism, I recommend two books: “What has the government done with our money?” from Murray N. Rothbard and “Human Action” from Ludwig von Mises both available on http://www.mises.org
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L
April 26th, 2008 at
12:18 pm
Amusing, but I can’t tell when some Americans are kidding anymore. Is this serious or is it satire?
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JamesM
April 26th, 2008 at
12:48 pm
>Buy gold.
A foolish notion. If you adjust for dollar values and inflation, gold values have remained relatively static. Only reason gold seems to valuable now is because the Dollar is so weak.
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