Chris Bellomy wrote:
> stephenJ wrote, On 11/6/09 6:50 PM:
>> The Ghost of Edward M. Kennedy wrote:
>>> "Chris Bellomy" <ten.wohsdoog@sirhc> wrote

>>>>>>>>> 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.

> It must be all that reality around us, distracting us
> from the wisdom of your theories.