Comments on: Government Stimulus: Out of Sight, Out of Mind

By: terrygeorge

terrygeorge — Sun, 01 Aug 2010 15:42:00 +0000

i’ve thought about the idea also that our wealth comes from the products we make. most people are simply pushing papers across desks so perhaps not increasing wealth. then again if their paper pushing actually improves the products other people utilize or access to them then that would increase wealth. how do we properly factor in ‘human capital’? those people who network make things happen that otherwise wouldn’t, though not always for the better…

i work in the medical service industry. my work helps heal people so they are not sick and able to care for themselves so others are free from caring for them, and they might themselves be productive. if everyone was sick then all the products in the world wouldn’t make us well off. so how do we properly factor service into wealth?

to my chagrin i realized that my work was mostly paid for by tax money (not much private insurance in my particular service field). yet the Bible says that the king (or government) provides for the doctor (and allied health professionals). that would be from tax money so… Not that i am saying it justifies stimulus packages or so called health care bill. just feel like it is not entirely simple.

By: goral

goral — Sat, 31 Jul 2010 01:19:21 +0000

Obama and his CEA have zero credibility. Their analysis is entirely politicised.
The private sector needs to voice the vertict. We’re all witnessing what that vertict is in actions. Nothing is happening, everyone is afraid for their money.
Investments are stagnant, returns are stagnant, hiring is stagnant.
It’s stark obvious that gov’t is lying to us and the media spread their lies.

By: PrairieHawk

PrairieHawk — Fri, 30 Jul 2010 13:30:27 +0000

I stopped attending macroeconomics lectures in college after I saw the first chart. I switched my grading option to pass/fail and bought the notes (which was allowed, there was a campus note-taking service). The notes I crammed before every exam, learning the right things to say well enough to earn a “P” for my transcript.

So I am hardly an authority on economics. But what I’ve been thinking about for some time is this: it seems to me that any nation’s true wealth comes only out of the ground, from mining, farming, forestry, and so forth. These much-maligned (by certain segments of society) industries are the only way our country is ever going to get richer in real terms. Everything else that people do operates on resources in some fashion, changing them to make them more valuable perhaps, but all depends on having the resource itself.

If this is true, then we don’t we have an all-out push in this country for better use and stewardship of our natural resources? “Stewardship” includes “use”, I would think, since God gave us everything that we have in order that we might use it in ultimately drawing closer to Him. Is anyone out there advocating such a policy? And what would such a policy look like?