Reply by helluvawreck

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Posted on Progress under Nobama

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29723 posts in 2739 days

#1 posted 07-08-2012 09:18 PM

Austrian economics is based on a system of saving money. The other is based a system of debt. Wealth is created by mining something, growing something, or manufacturing something. We are creating a service economy. When times get hard people can do their own dirty laundry, cook their own hamburgers, cut their own grass. This is where the rubber meets the road. When times get hard service oriented jobs will simply evaporate. We have done a great harm to our ability to create wealth by sending our manufacturing jobs oversees. Wealth is not fiat currency it something that is quite tangible. We will find these things out.

helluvawreck aka Charles

-- If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away. Henry David Thoreau

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