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<p>[QUOTE="fatima, post: 1396641, member: 22143"]I think first there has to be a definition of what constitutes a "good economy". People will use this phrase, which can mean almost anything, and then the topic gets lost because it devolves into arguments over what this means. </p><p><br /></p><p>For what it is worth, my definition is that it's an economy that provides a living wage for working people without government involvement. IMO, a completely free market will provide for this, but we have hardly had this in America for more than 50 years. Heavy governmental and central banking intervention in the free market does none of this and instead creates the illusion of a good economy by the creation of vast amounts of currency, unprecedented amounts now, which ends up enriching a few and subjecting ever increasing numbers into some sort of governmental dependence. </p><p><br /></p><p>On the other hand, if you are a bankster, a wall streeter, a CEO selling off generational assets for short term gain, or someone who likes to gamble on this, or have a taxpayer financed job, you may consider the economy to be a "good economy". For some, there is a potential to make a lot of cash off the cash being created in the process. Who cares if the generations to follow are left with crushing debts. </p><p><br /></p><p>This is why I say "good economy" has to first be defined. Then we can make our judgements.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1396641, member: 22143"]I think first there has to be a definition of what constitutes a "good economy". People will use this phrase, which can mean almost anything, and then the topic gets lost because it devolves into arguments over what this means. For what it is worth, my definition is that it's an economy that provides a living wage for working people without government involvement. IMO, a completely free market will provide for this, but we have hardly had this in America for more than 50 years. Heavy governmental and central banking intervention in the free market does none of this and instead creates the illusion of a good economy by the creation of vast amounts of currency, unprecedented amounts now, which ends up enriching a few and subjecting ever increasing numbers into some sort of governmental dependence. On the other hand, if you are a bankster, a wall streeter, a CEO selling off generational assets for short term gain, or someone who likes to gamble on this, or have a taxpayer financed job, you may consider the economy to be a "good economy". For some, there is a potential to make a lot of cash off the cash being created in the process. Who cares if the generations to follow are left with crushing debts. This is why I say "good economy" has to first be defined. Then we can make our judgements.[/QUOTE]
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