Comments: The Cure For Poverty

Hey, what's wrong with rolling the drunk guy in the alley?

Posted by Jimmy at June 15, 2004 10:56 PM

Good point on the trade deficit. Come to think of it, I have a trade deficit with my grocery store, too. Luckily the trade surplus with my employer is greater.

Posted by Les Jones at June 16, 2004 09:29 AM

Rolling the drunk guy in the alley only generates a transfer payment, it does not create wealth. I added value to all those 50 lb. sacks of oil absorbant which were slip loaded into the semi trailer onto pallets. I added value to that rundown building by shoveling all the mildewed newspaper out of the basement, and I still get value from some of the glassware I found in there and was allowed to bring home.

I did not originate the notion that trade deficit is simply the equivalent of personal spending. All I added was the insight that we are able to spend that much money because of the wealth our economy creates.

Posted by triticale at June 16, 2004 08:14 PM

Ooops. I added value to those sacks of absorbant by shifting them onto pallets. Believe me, it was hard work. We stacked them shoulder high, and it was 94 degrees F outside the trailer.

Posted by triticale at June 16, 2004 08:21 PM
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