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View Diary: Where is the Hyper-Inflation (22 comments)

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  •  No, its just that youre so ignorant about (0+ / 0-)

    economics that its hard to talk to you.  Are you using the term "borrowing" those real goods to imply that we import that stuff?  And if thats the case, imports are real benefits because we get actual goods and services in exchange for some bits of paper or digital entries.  We never have to pay those things back as they have already been paid for.  See, this is why your reply makes no sense, I can't even be sure what misbegotten thoughts are going through your head.  Why use up our supplies of oil or steel in exchange for the pollution associated with makingmining the stuff when all we need to do is understand that the US dollar is a public utility and we should use it to educate and employ our own people.  We shouldn't try to out compete China on the basis of low wages....for example, the Govt should spend at least $100 billion each year to employ as many researchers and scientists as possible developing new technology and processes.  We should spend at least  3% of GDP every year upgrading our infrastructure rail, internet, more efficient power lines, bigger and better ports and on and on and on.  This way our private sector has the best infrastructure (both physical and intellectual) on Earth with which to out compete the rest of the world.  Its only a matter of putting our common currency monopoly to its best use.

    "The Earth is my country and Science my religion" Christiaan Huygens

    by Auburn Parks on Mon Apr 29, 2013 at 06:15:33 PM PDT

    [ Parent ]

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