StocktontoMalone wrote:StocktontoMalone wrote:OK, I have a question for you politico types....I don't wander here often, and that is due, in part, to admittingly being out of my league. Sure, I watch Foxnews(for the laughs), a bit of CNN....etc. But in watching these shows, I still don't feel no where near smart enough to come in here and wax political.
Anyway, my question is this? Actually I have more than one, and would appreciate some answers from you SMRT people....
1) Why lower income taxes in our checks, instead of a nice lump sum stimulus check? If someone owed you 2,000, wouldn't you want it in a larger sum, rather than $20 a week?
2) I see clips of government printing presses just printing new money....doesn't this lower the value of the dollar?
3) I've always thought that(as this ties in to #2) we could print a whole bunch of money and inject it into the economy to spark it up, and then take it out of circulation at the back end(when it finds it's way back to government). This would seem to solve the inflation issue, no? Never knew if this could work, but thought it a good way to get people spending. But I always had an itch in the back of my mind that in bad times - people horde. And this may not work for that reason.
4) Is there oversight as far as the stimulus packages? I know Bush in the first stimulus took that contingency off. Has Obama put it back on?
I guess none of you political pundits are gonna answer my questions....goe to show if you guys ain't ripping off someone else's blogs, posts, articles....you really ain't got too much to say.....

Answers are like buses they come along in groups of threes and fours-
1. WHat would really make people invest and spend is an expectation that the 20 dollars or whatever is, is a permament thing and wont go away with a tax increase in later years. Then you count on it, budget it, and plan to save or spend it. The Obama plan doesnt allow for that - the amount is too small, and no one expects it to be permament
2&3. Yes printing money causes inflation and devaules the dollar. Pre 1971 the US currency was pegged to the gold standard, ensuring stability. Theres alot of argument about who is at fault for the current crisis. - Is it Clinton or Bush or Obama. Its acutally
NIXONS fault. Ever since we've abandoned the gold standard, we ve been slowly slipping into debt. Its just taken 35 years for the chickents to really come home to roost. Its acutally a testament to free market economics that weve made it 35 years with out getting into deep shit. After the end comes, REALLY comes - the Dow at 2000 and unemployemnt 20% and we all start over , we might return to a gold standard
I wont post links up, but if you want a read a good book about this read a book called Inflation or Gold Standard, by Hans Sennholtz.
4. No theres no oversight nor will there ever be. Organising society so govt is the owner , organiser, and overseer never works.
If you want a good discussion of this , try reading anything by Ayn Rand or try The Road to Serfdom by Friedrich Hayek.