Comments on: Creating Jobs vs. Creating Wealth

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By: Creating Wealth, or Jobs: Which Is More Important? - The Liberty Lounge Political Forums

Mon, 10 Jan 2011 17:32:31 +0000

[...] Lee writing in FEE(Foundation for Economic Education,has the following to say about the topic. _____________ Creating Jobs vs. Creating Wealth Remember the opportunity costs. Government [...]

By: olawole moses

olawole moses — Wed, 15 Dec 2010 02:44:48 +0000

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By: rtaylotitle

rtaylotitle — Wed, 08 Dec 2010 14:09:08 +0000

Great article Deefburger. Also, interest rates need to be competitive and be allowed to float. The banker/lender would (with his stockholders equity in mind) make loans that made sense, that had sufficient collateral and followed sound underwriting. We do NOT need a central bank to set ‘prime’ rates to begin with.
What a shellgame we now have!!!! Bernake thinks we have no inflation…apparently he never shops for food.

By: Eiji Wolf

Eiji Wolf — Thu, 28 Oct 2010 11:58:48 +0000

willienelso3:
Who has monopoly on fiat money?
Who has the power to prohibit people from holding real money (gold) and has already done so once?
Who holds the most real money in facilities constructed for taxpayer money, and guarded by taxpayer-funded armed forces?
Who says “this piece of paper is a promise to pay you… uh… this piece of paper”?

Need any more hints?

By: willienelso3

willienelso3 — Fri, 22 Oct 2010 08:05:10 +0000

I give up. Who?

By: Deefburger

Deefburger — Mon, 18 Oct 2010 14:46:30 +0000

The problems associated with floating fiat currencies are the same problems when viewed as labor markets. Restrictions and tarrifs only make the differences worse. Free trade between nations requires a single unit of exchange that is not tied to any externalities of control, like silver and gold.

Arguing about what jobs go where, and why, in a fiat money scenario, where there are multiple fiat currencies and labor markets under those currencies, is like trying to see the bottom of a barrel full of fish. Complaining that the barrel has too many little fish in it to see ignores the fact that the barrel has any fish at all. Size is relevant to fishes. Visibility of the bottom of the barrel is only relevant to its degree of emptiness, not the size of the contents within.

What we need is an end to central banking and fractional reserve fiat money creation, world-wide. Competing gold and silver currencies will stabilize the appearance of labor and resource value, world-wide.

By continuing to float currencies, we will continue to float perception of value, and our resources will continue to float into places other than our own wealth holdings.

Ultimately, all the wealth winds up in the hands of those issuing the currencies. The labor market is only holding bank notes, the real estate market is only living in the houses and the banks hold the notes on those, and the same is true for factories, inventory, cars, and everything else.

Only people holding gold or silver are holding money. Guess who that is.

By: Obama Wants $30 Billion Job Spur | The Freeman | Ideas On Liberty

Obama Wants $30 Billion Job Spur | The Freeman | Ideas On Liberty — Tue, 25 May 2010 12:52:17 +0000

[...] Timely Classic “Creating Jobs vs. Creating Wealth” by Dwight R. [...]

By: Draft Jobs Bill Would Halve Payroll Tax | The Freeman | Ideas On Liberty

Wed, 10 Feb 2010 13:51:35 +0000

[...] Timely Classic “Creating Jobs vs. Creating Wealth” by Dwight R. [...]

By: Atherton-Bloxham

Atherton-Bloxham — Mon, 11 Jan 2010 16:28:46 +0000

Good article and hate to nit pic. Is there something left out of the paragraph that begins, “Another advantage” I understand the point, but it seems several words may have been deleted.