Bailouts = Depression

Discussion in 'Economy' started by neurosport, Apr 18, 2009.

  1. neurosport
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    neurosport BANNED

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    Wealth is destroyed during riots when people break windows and set cars on fire.

    During a depression wealth is neither created nor destroyed - it is transferred.

    What do bailouts do ? They don't create wealth, don't destroy it - they transfer it.

    Bailouts therefore don't serve to end the depression. they ARE the depression.
     
  2. Toro
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    Toro Diamond Member

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    During a depression, wealth is destroyed. That's why they call it a "depression."
     
  3. editec
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    editec Mr. Forgot-it-All

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    An idle worker is wealth denied.
     
  4. Ravi
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    Ravi Diamond Member

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    Actually, breaking windows and burning cars creates wealth for the makers of those products. :eusa_eh:
     
  5. neurosport
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    neurosport BANNED

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    have you heard about the broken window fallacy ?

    Parable of the broken window - Wikipedia, the free encyclopedia

    when you break windows you destroy wealth ...
     
  6. neurosport
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    neurosport BANNED

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    i am not following your logic.

    what does depression have to do with destruction ?

    depression means decrease in economic activity.
     
  7. neurosport
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    neurosport BANNED

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    you are a Fascist.

    you have some kind of a problem with freedom.

    an idle worker is a BROTHA CHILLEN !

    employment is a MEANS not an END.
     
    Last edited: Apr 18, 2009
  8. Ravi
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    Ravi Diamond Member

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    Only if you leave them broken. Otherwise, you actually do create wealth.
     
  9. editec
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    editec Mr. Forgot-it-All

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    I am a fascist because I understand that wealth is a concept?

    I am a fascist because I understand that wealth is something that mankind creates?

    Do you know what fascism actually is?

    Apparently not.

    Apparently you are steeped ignorance about all things economic and political science, too.

    Probably explains why you believe what you believe.

    Belief is that thing which requires no facts to have it.
     
    Last edited: Apr 18, 2009
  10. Skull Pilot
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    Skull Pilot Platinum Member

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    Not really. Because when one had a window, he had money to buy a new suit, or a new pair of shoes etc. When that window is broken and the owner replaces it with the money that now will not buy something else, all he has is a window and not a window AND a new pair of shoes or a new suit.

    If we expand on your supposition, we would rightly say that leveling all the houses in a town to create work for construction companies is actually creating wealth. No?
     
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