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"scott" wrote in message news:51fa561a$1@news.povray.org...
>> People without a market for their labor or goods can't take their
>> "clothing money" and reallocate it to education or medicine.
>> They have
>> gone from almost no money to no money at all.
> ???
Read my last two sentences *together*.
An economy is like an ecosystem.
You might say, "if we kill off all the rabbits, the coyotes will eat the
rats."
But the foxes are eating the rats. I guess the foxes will eat the crickets.
But the robins are eating the crickets ...
Then you might say, "we're not killing the rabbits, we're adding more
rabbits."
I guess those new rabbits will eat crickets.
But the robins are eating the crickets ...
An economy, like an ecosystem, can survive a little turbulence (at least for
a while, history indicates ruin or violent revolution are inevitable).
However, too much turbulence will collapse the system. Rising unemployment
and income disparity are indicators that this is happening right now.
-Shay
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