Lackadaisical2 wrote:Distruzio wrote:
Ever hear of economic crashes and bank panics? Yes? Banks that rely on leveraging inevitably over-leverage themselves and collapse, taking our economy with them. Hence, hedonism, and spending money you don't have, is bad.
But it also allows for the initial boom which makes the bad times look bad...
Anyway, I wasn't arguing for the good or bad of it, merely that one needn't have accumulated anything to spend, certainly not in equal portions (spending=accumulation).
My mistake. I assumed that arguing that money could be printed as an argument that money should be printed out of then air. Apologies.
http://www.youtube.com/watch?v=d0nERTFo-Sk&feature=share