Never Heard It Explained This Way

Hi Fred this and the other are basically from Ron Paul, I believe you may be able to find the on a publication called the constitutional tender. If I remember right both this phrase and the other by Keynes in in it and comes from his speech on HR1098.

Economics is a funny thing and certainly no one has mastered it. Sometime something that sounds so good, true and simple can at the same time be dangerous and devastating to the economy.

The issue has always been finding a combination that works the best. Remember some times the fix is worse than the problem just like the grass always looks greener on the other side of the fence.

My problem has always been about people that are so sure they are right. They never look outside that bubble thus they miss important parts.

We certainly have had a lot of Ron Paul lately and for me he is too one sided with out any thought to the after results. He isn't alone there are certainly those in the FED and other government division that are just as bull headed.

Just remember never rush to what appears to be the best answer in the wake of current problems. History has shown those that speak a good game during this time draw fanatic supporters lead their country to ruin.

That is why I like to wade through the sound bites and study the problem and issues from many points of view.

That's the theory, alright, but the application sometimes is not what we hope it will be. When we had the Ma Bell telephone monopoly, we had excellent service that was the envy of the world. Rates were low and product quality high. Heck, we could even read AND understand our 1/2 page phone bill. Now that we no longer have this evil monopoly, we have lousy service, high prices, and a bill of 6-7 pages that few can understand. I guess some would call that progress. I, however, would not.

Inflation is not a modern phenomenon. It was one of the factors that led to the downfall of the Roman Empire, with the debasement of the antoninianus.

Inflation ranged as high as 4% per year, which was ruinous for many people and businesses, and ultimately for the Government as well.

I'll agree, but only in part. Ma Bell literally wrote the book on customer service (rewritten by ebay), but you paid dearly for it. The minimum charge for a US-UK call was $27, and required jockeying through an operator to get an open line. Now it's a few cents, and if you're using googlefone, includes live video.

Silvertowne in the 80s had a four-digit phone # you gave the operator, and after three minutes, you were disconnected.

I can remember when ATT said it would take 40 years to upgrade to fiber optics. Sprint said "we're ready now", and suddenly, 40 years shrunk to four.

I can also remember businesses paying 8¢ per outgoing local call after the first 20 per month, and much higher phone bills. My current bill is about $67 a month (on a page and a half), including business line, yellow page listing, and 1.5MB dsl.

, prorider0!

Friends of mine who had to make a toll call from their house to the barn might disagree.

We have regulated cable locally. Another friend can't get cable, her property abuts the cable co's, and she can see their center from her kitchen.