>>>>>>>> A better question - when is money that could be spent on goods
>>>>>>>> and services *actually* taken "out" of circulation, and who are
>>>>>>>> the folks most likely to do so?
>>>>>>> Good luck, Kyle. I've been trying to make this point for years.
>>>>>>> Hopefully you'll find the right way of getting it across, because
>>>>>>> I never did.
>>>>>> How does one take money "out" of circulation?
>>>>> Circulation, in this context, was limited to the US economy in the
>>>>> short term.  I should have been more clear about the short/long
>>>>> term distinction - although I do think it's pretty clear that we
>>>>> were talking about the US economy, not the global economy.

>>>>> Given the proper context, your question kinda answers itself, right?
>>>> So you're talking about the trade deficit or something?  Chris contends
>>>> we need to tax the rich heavily to keep money in circulation, which is
>>>> not true.  Money is fungible and highly useful -- the rich typically
>>>> don't have huge cash reserves; they have assets and bank accounts.
>>> ...which do exactly nothing to keep the economy moving.

>> Buying assets like houses, yachts, and stocks doesn't keep the
>> economy moving?  Banks lending money doesn't either?

> with kyle and chris, obvious stuff like this just zooms on by.