Comments on: Captain Capitalism on Why Saving is Bad for America http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/ The Neat Side of the Web Wed, 25 Nov 2009 19:11:12 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: JamesM http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-526087 JamesM Sat, 26 Apr 2008 17:48:05 +0000 http://www.neatorama.com/?p=15907#comment-526087 >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. >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.

]]> By: L http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-526066 L Sat, 26 Apr 2008 17:18:53 +0000 http://www.neatorama.com/?p=15907#comment-526066 Amusing, but I can't tell when some Americans are kidding anymore. Is this serious or is it satire? Amusing, but I can't tell when some Americans are kidding anymore. Is this serious or is it satire?

]]> By: Jurgen Kobierczynski http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-526036 Jurgen Kobierczynski Sat, 26 Apr 2008 16:35:55 +0000 http://www.neatorama.com/?p=15907#comment-526036 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 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

]]> By: Thomas http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-526020 Thomas Sat, 26 Apr 2008 16:22:23 +0000 http://www.neatorama.com/?p=15907#comment-526020 Buy gold. Buy gold.

]]> By: JamesM http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525979 JamesM Sat, 26 Apr 2008 15:31:10 +0000 http://www.neatorama.com/?p=15907#comment-525979 >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!" >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!"

]]> By: Aeris http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525507 Aeris Sat, 26 Apr 2008 08:27:28 +0000 http://www.neatorama.com/?p=15907#comment-525507 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 :) 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 :)

]]> By: J of The Sandhills http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525457 J of The Sandhills Sat, 26 Apr 2008 06:35:43 +0000 http://www.neatorama.com/?p=15907#comment-525457 funny because its true sad truth funny because its true

sad truth

]]> By: phoenix http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525290 phoenix Sat, 26 Apr 2008 03:11:21 +0000 http://www.neatorama.com/?p=15907#comment-525290 So brilliant. :D So brilliant. :D

]]> By: Alannah http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525252 Alannah Sat, 26 Apr 2008 02:33:24 +0000 http://www.neatorama.com/?p=15907#comment-525252 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! 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!

]]> By: CheeseDuck http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525197 CheeseDuck Sat, 26 Apr 2008 01:14:38 +0000 http://www.neatorama.com/?p=15907#comment-525197 Man, I love Captain Capitalism! Damn Karl Marx! Man, I love Captain Capitalism! Damn Karl Marx!

]]> By: biltmore http://www.neatorama.com/2008/04/25/captain-capitalism-on-why-saving-is-bad-for-america/comment-page-1/#comment-525187 biltmore Sat, 26 Apr 2008 01:03:26 +0000 http://www.neatorama.com/?p=15907#comment-525187 Hahaha. It's funny because it's true. Hahaha. It's funny because it's true.

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