Today I am sharing to other sites where I blog with fellow writers. One is "Living Off Dividends" a site devoted to strategies to generate cash flow and yield leading to financial independence the other is the Current.com
LOD is a younger person (33) who regularly posts his thought on generating income for retirement. But today, he posted on the failure of the American economy with which I heartily disagreed. Here is his post and my rebuttal: http://livingoffdividends.com/2008/08/01/cartoon-capitalism/#comment-11865
The second post string I want to share with you was started by my son, Jared. I love that he gets involved on the net and shares his opinions on what matters to him, which often require some research on his part. What a great way to learn and share. This post, and my eventual contribution towards the bottom, is on the politics of the Middle East: http://current.com/items/89149098_why_there_is_no_palestinian_state_today?xid=76#89161677
Enjoy your weekend!!
Saturday, August 02, 2008
Two Posts: Living Off Dividends and Current.com
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2 comments:
stimulating an economy with purchases you cannot afford doesn't seem very smart to me.
It's called Keynesian Economics and its done in just about every recession since the 1930s and maybe before. It has been proven that priming the pump with borrowed money works to stimulate the economy, thereby saving jobs.
The big trick is turning off the stimulation before spending borrowed dollars ignites inflation, by aggressively expanding the money supply ahead of increases in production (unbalancing supply vs. demand). That is a trick that sometimes eludes elected officials, who know that giving away money is a good way to get re-elected.
But executed properly, using something like money supply as a way to measure monetary expansion vs. contraction, there is plenty of historic and academic evidence the approach works very well.
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