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View Diary: The digital Pied Piper: It's the message, not just the medium (119 comments)

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  •  Money is called currency because it has to (3+ / 0-)
    Recommended by:
    tb mare, mmacdDE, Noodles

    move to be any good. Hoarding money is like damming a stream. It causes flooding up-stream and drought down.
    Since the federal treasury issues our currency and can make more as needed, the only reason for taxes is to keep the currency moving or recycling through the economy.
    The U.S. dollar is now more sluggish than at any time since they started keeping track in the 1950s.

    What accounts for that? Hoarding and financial speculation, another form of hoarding. Also, sequestration or, more correctly stated, rationing by Congress.
    Perhaps some members of Congress sincerely believe that, if the Congress doesn't spend, the private sector will. I don't think that's how it works. Rationing prompts hoarding. It doesn't matter that the thing being rationed is in plentiful supply. If people want it and it looks to be scarce, they're going to hoard. Telling them they won't be taxed is not going to help because the question isn't how much they are taxed, rather will they get more. If the economy continues to tank, the answer is 'no.'

    We organize governments to deliver services and prevent abuse.

    by hannah on Mon Mar 18, 2013 at 02:46:31 AM PDT

    [ Parent ]

    •  You're going to give them a bad time, aren't you? (0+ / 0-)

      Facts and charts and everything? A point of view they never considered as many of them never actually talk to liberals? Ha! Go get 'em hannah. They're going to get run down on the information highway.

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