Interesting, but this is possibile, IMHO, only when richness is unrelated to creation of wealth. If you divide the economic system in two part,...
Could you suggest any link? I have the same feeling (I'm a engineer) but no real informations to start with. Any meaningful suggestion? Thanks
The real problem it is that person do not have ten times real income than before, thus spending that income, say travelling or in personal...
Two notes: 1) you assumed costant purchase value of money. It is disproved by barely existence of CPI. 2) You assumed no innovation (or at...
IMHO You and Schatafagos should define "rich". Probably he consider itsself to be one (and pay a lot) while you consider "rich" someone with a...
It depends on your definition of wealth. IMHO wealth is both value of both done and future work. When goverment throw a lot of money to go to the...
Could you repost the link? It doesn't work. Thanks.
They cannot be for long time. Just think on a what a country exchange for its imports. Import and exports are two arms of a scales. How can...
Correct. Inequality unsupported by producitivity difference (more profits due lower wages in your scenario, without any real innovation) is a...
This is one of the best thread I read here in ET. I'm mostly agree with you, trade4succes, but: Speaking on macro-level, you can have a...
For Italy, aggregated CPI is free: http://www.istat.it/prezzi/precon/rivalutazioni/ as a lot of pre-worked data, if you understand italian. if...
Let an Italian say "never say never". If for a strange turn of history italians (or greeks) will anytime return to stick to the behaviour and...
Please do not put a curse on us! :-) Your "stimulus", as your sarcasm clearly suggest, is the biggest scam in history (and I agree with Keynes on...
I'm alone to notice that in a world where 2/3 of people has not access to the same goods we have there's a big market for that capacity? Shouldn't...
The first part (often quoted together), "banking establishments are more dangerous than standing armies" is surely by Thomas Jefferson, but in...
Well argumented, achilles... :-)
Maybe the opposite interest of debtors and creditors should nullify each other, and the decision should be left to real economy? Speaking of...
The same apply even if the population is stable and productivity (output-per-hour) is growing, and even with shrinking population, if productivity...
Not my thought. Seems to me that credit should be created only by saving-based instruments (like CD, bonds, ...) to avoid people think their...
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