The three main blocks were very similar at the time. Lalit was right on all but one major issues.
Showing posts with label Wealth creation. Show all posts
Showing posts with label Wealth creation. Show all posts
Tuesday, July 19, 2022
Tuesday, December 13, 2011
Who Creates Wealth?
Some of our GLDs* want us to believe it's only them and would more than a little appreciate that Government and the rest of us to never forget this. And they seem to need policy interest rates all the way to negative infinity and our cute rupee heading to the centre of the Earth.
But that's easily debunked with a simple question: is the GDP of communist countries equal to zero? In fact wealth is created whenever you get out more than you put in and need not be measured solely in monetary terms. As the Cree remind us, our alimentary tract cannot handle what comes off De La Rue printing machines. Besides humans do not own other humans nowadays. Which is why we had go through the interesting CJV process.
*GLD stands for gurma laminn dipin.
But that's easily debunked with a simple question: is the GDP of communist countries equal to zero? In fact wealth is created whenever you get out more than you put in and need not be measured solely in monetary terms. As the Cree remind us, our alimentary tract cannot handle what comes off De La Rue printing machines. Besides humans do not own other humans nowadays. Which is why we had go through the interesting CJV process.
*GLD stands for gurma laminn dipin.
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