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Executive Order to stop minting cents
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<p>[QUOTE="cladking, post: 26073858, member: 68"]All wealth is created by the creation of mutually beneficial trade. Two parties contract to do something in which both profit or at the very least, one profits more than the other loses. </p><p><br /></p><p>This is the problem now. Most money is made through destruction. Companies cheapen products and customers don't know. There's less wealth but the company profits. Companies shut down and everyone losses except a few. Someone gets hit by a car and lawyers make a mint as the one victim loses his ability to be productive and the other loses millions of dollars to the lawyers and other victim. Usually the second victim is everyone because we all pay taxes and insurance premiums. The world is worse off. Much of our economy runs on destruction called by many names like "planned obsolescence", the production of garbage and unneeded things like pennies, and "insider trading". </p><p><br /></p><p>This has all been made possible by the tremendous productivity gains made possible through ever larger machines and computers. Most of the economy isn't about needed things but the destruction of wealth and it's all done at exceedingly low efficiency. </p><p><br /></p><p>People mistakenly believe money is wealth and this is why we accept the greatest of all evils to society, greed, as a good thing. We think anyone who gets rich is great even if he falls in front of retail stores for a living or represents those who do.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 26073858, member: 68"]All wealth is created by the creation of mutually beneficial trade. Two parties contract to do something in which both profit or at the very least, one profits more than the other loses. This is the problem now. Most money is made through destruction. Companies cheapen products and customers don't know. There's less wealth but the company profits. Companies shut down and everyone losses except a few. Someone gets hit by a car and lawyers make a mint as the one victim loses his ability to be productive and the other loses millions of dollars to the lawyers and other victim. Usually the second victim is everyone because we all pay taxes and insurance premiums. The world is worse off. Much of our economy runs on destruction called by many names like "planned obsolescence", the production of garbage and unneeded things like pennies, and "insider trading". This has all been made possible by the tremendous productivity gains made possible through ever larger machines and computers. Most of the economy isn't about needed things but the destruction of wealth and it's all done at exceedingly low efficiency. People mistakenly believe money is wealth and this is why we accept the greatest of all evils to society, greed, as a good thing. We think anyone who gets rich is great even if he falls in front of retail stores for a living or represents those who do.[/QUOTE]
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Executive Order to stop minting cents
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