J. Clarke said:

Greg G. wrote:

Considering the value of the dollar these days, I'd say that is
isn't
the CEO's of America's strong suit either. You missed the point.
Perhaps it's all in the semantics...

You're hung up on that green paper stuff being "wealth".

Tell you what, ask anyone which they would prefer: a warehouse full of
retail copies of Windows 3.11 or the investment they initially
represented. Currency is currently the negotiable representation of
that "wealth"; although it may take other forms, such as artwork,
gold, gemstones, drugs, or under-aged Asian hookers.

Only if someone is willing to pay for it. Therefore you are not
"creating" additional wealth, you are redistributing it from the
consumer to the producer.

No, you're creating additional wealth. Giving money to the producer
doesn't "redistribute it" except to the extent that the value of the
goods is greater than the cost.

Sure it does, it takes it from my account and deposits it into theirs.
They now have it, I no longer do. The difference between what it costs
to produce and market versus what the market will bear equates to
profit. Too many economics 101 victims in here.
I've heard the abstractions, I just don't agree with them.

The rest is economic double speak.
Point being that within a given span of time, there is a relatively
constant amount of currency in circulation and a constant value
associated with it.

You were complaining a bit earlier that its value is _not_ constant.

Notice the "within a given span of time" caveat. Of course it
fluctuates, unfortunately in a downward spiral these days.

So who did Bill Gates take it from?

Lots of disappointed customers?

The banana doesn't get any bigger because you stroked it just right.

If you believe that perhaps you should transfer some currency to the
makers of Viagra in exchange for some of the wealth that they have
produced.

No thanks. Don't need it, and priapism doesn't really interest me.
The "wealth" Pfizer has produced is based solely on taking money from
a nation of phallically obsessed idiots and/or dysfunctional men in
exchange for little blue pills. Pretty strange outcome for what was
intended to be a cardiovascular medication but failed miserably.

As for me, I don't buy pharmaceuticals other than Ibuprofen and the
occasional antibiotic every few decades. I believe that a good 80% of
the "medicine" that is dumped onto the market is crap promoted by
abject sophistry.

You guys are too easy... ;-)

G'Night.


Greg G.