tag:blogger.com,1999:blog-2769542146980598542.post613155973711853852..comments2023-10-31T05:35:04.945-04:00Comments on AU Students for Liberty: A Few Words on the StimulusAmerican University Students for Libertyhttp://www.blogger.com/profile/03384742420730006172noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2769542146980598542.post-77624629543031427892011-03-01T18:33:59.904-05:002011-03-01T18:33:59.904-05:00I think that wealth is created by technology and i...I think that wealth is created by technology and increased production as well. Essentially the availability of additional goods and service. Well money itself does not have value. Money is simply an accepted physical means of exchange. Money is valued by how much people are willing to exchange for it to a large degree. As far as a remedy to economic crisis, perhaps a severe reduction in corporate taxes would help businesses get back on their feet and be able to balance their budgets. That in mind a decrease in taxes means a decrease in government revenue and a deficit if the government does not cut its own spending. Regardless, the free market must be able to adjust based on the demand of consumers. As some industries become outdated new ones spring up. This is what we have seen over the change of time from record production, to cd production etc.Marketeerhttps://www.blogger.com/profile/03173302314316541338noreply@blogger.comtag:blogger.com,1999:blog-2769542146980598542.post-83619732781564362052011-02-27T14:58:23.453-05:002011-02-27T14:58:23.453-05:00hey, this is interesting, the idea that the econom...hey, this is interesting, the idea that the economy is essential a closed system unless there is an actual increase in efficiency (technology) or actual physical new resources has always appealed to me. I think we think about money the wrong way in our society. It has no inherent value. I was wondering if you had any ideas for what might actually help this economic situation? what would be a better alternative to the stimulus?kierkegaurdhttps://www.blogger.com/profile/13788277042749421746noreply@blogger.com