I think most people have a problem with an individual [like Romney] who purchases a functioning, non-failing company, shuts it all down, sells everything [caring more for the slightly smaller immediate profit instead of the larger eventual profit], and doesn't reinvest, but instead purchases a yacht or a mansion. Some thoughts on that would be appreciated, Yaron. I would say even if the businessman buys a yacht, industry opportunities, jobs, will be opened up somewhere by that economic act.
How about if GM had gone to our system of bankruptcy? The unions would have had to present their case, the bond holders and stock holders theirs.. the judge would have had to judge based on our laws and the company might have come out of this stronger than now.. and within our laws instead of ObamaLaw where the Unions got more than the stock & bond holders did. Sure there would have plant closures and brands probable lost & dealerships closed & union work rules & pensions not as now - bet better
This man is not qualified to talk about banks and banking, he has no idea how new money is bought into existence watch?v=aifU1aqiytI&feature=plcp I doesn't understand banks can create new money out of thin air in the form of extending credit and the implication of that.
You said it perfectly. 👏
The 80s were a painful period in which capital was freed up & allocated productively.
Beautiful explanation.
I knew he was going to say "other peoples money" XD
He has a Ph.D in finance. What do you have?
I think most people have a problem with an individual [like Romney] who purchases a functioning, non-failing company, shuts it all down, sells everything [caring more for the slightly smaller immediate profit instead of the larger eventual profit], and doesn't reinvest, but instead purchases a yacht or a mansion. Some thoughts on that would be appreciated, Yaron.
I would say even if the businessman buys a yacht, industry opportunities, jobs, will be opened up somewhere by that economic act.
That which is seen vs that which isn't.
I'm confused.
How about if GM had gone to our system of bankruptcy? The unions would have had to present their case, the bond holders and stock holders theirs.. the judge would have had to judge based on our laws and the company might have come out of this stronger than now.. and within our laws instead of ObamaLaw where the Unions got more than the stock & bond holders did. Sure there would have plant closures and brands probable lost & dealerships closed & union work rules & pensions not as now - bet better
If you are pro-free market, please tell me you are joking. Kucinich is anything but pro-free market.
This man is not qualified to talk about banks and banking, he has no idea how new money is bought into existence
watch?v=aifU1aqiytI&feature=plcp
I doesn't understand banks can create new money out of thin air in the form of extending credit and the implication of that.
Go look at his education.. your comment is beyond ignorant.
You don't understand economics, banking, or money creation.