Here's a challenge.

Leaving aside the GOP smoke screen of social conservatism, many people (the sane, at least) think the economy is the most important issue in this election.

The GOP claims to be the only expert on the economy (after all, they did such a good job of screwing it up).

OK, repubs. Here we go.

Define money. Feel free to cut and paste, but be prepared to back up what you say.

Yes, I'm setting a trap.

 

C'mon, guys. You claim to be the experts.

 

You seem to lack any substance to your thesis. Can you provide any proof of your assertions or is it all bluster and garbage spilling out of your mind? I would dispute most of what you have said, but if you provide proof of what you say, perhaps I will become convinced that you are right. Why would I bother though? I doubt that will come to pass as you cannot possibly even believe, let alone provide proof of, the GOP being soley responsible for the condition of the economy at any point in time.

 

Dam....looks like he got caught in his own trap.

 

Let me fulfill the OP's task. Money is any asset utilized to purchase goods and services.

 

I really hate to point out the obvios: Republican don't fall for these traps- you know, the kind where their words have to match their actions. They prefer to not discuss it and bury the topic rather than address it.

 

Money is the stuff that unattractive men use in order to have sex.

 

Here is a better question. What is "wealth?" Two hints, "wealth" can't be given away as Oprah has tried and failed... Oh, and "wealth" is not money!

 

I hate to kill threads... Why can't any of the wealth distributers (not redistributors as wealth is not distributed in the first place, but earned) explain exactly what "wealth" is? Seems to me if the distribution of wealth (stealing it from those who earned it, and giving it to those who have not earned it, but will correctly vote… ) is one of their major life's goals they OUGHT to have some clue as to what "wealth" is exactly, would you not agree?

 

This does not really seem to be the case.

 

Did you want to give an example I'm sure can be refuted?

 

Muggers.

(character minimum)

 

“The GOP claims to be the only expert on the economy (after all, they did such a good job of screwing it up).”

A reply (notice I didn’t say answer) was: “I doubt that will come to pass as you cannot possibly even believe, let alone provide proof of, the GOP being soley responsible for the condition of the economy at any point in time.”

There’s a difference. While the GOP does not have SOLE responsibility for the crash, it has the MAJOR responsibility for the crash. They advocated and put into effect policies and actions which made it possible and did nothing to prevent it when it became obvious that it was going to happen.

This is a shop-worn GOP dodge. Someone can demonstrate, again and again, a fact. The members of the GOP then insist on having the demonstration repeated, again and again, until (at least this is what they hope) people give up in disgust.

Well, I’m working on the short list of references now, ranging from economic theory and history through bipartisan studies to business history. I plan to cut it down further from 135 (the current number) to a shorter list. The guts of the matter is that deregulation, lax regulation, and no regulation created a speculative bubble which, as bubbles do, finally burst.

In the meantime, I have things to do today which are (personally) more important and fun than re-inventing the wheel. Also, this site seems VERY slow right now & don’t feel like staring at the screen waiting for what I want to come up. It took 20 minutes to get this far.

 

good luck with that

http://upload.wikimedia.org/wikipedia/commons/4/4a/Modern_Money_Mechanics.pdf

 

Most gracious fellow advocate, why would you submit such a proposition to those who claim right wing affiliation. Backing their arguments consist mainly of comments such as, "the market will fix itself", "wait and see, it will fail", "Barney Frank sucks" ect. I like your approach though. Im certain libhater will be here telling us what glen beck and megyn kelly have to say about it.

 

I promise to read it. Seriously. Especially, thanks because it is free. I think I'm on first name terms with the UPS guy who delivers my amazon.com orders.

If I make it through this election, I think I'll abandon economics/business reading for a long while & catch up on other subjects. In addition to the serious stuff, I plan to spend a lot of time with Terry Pratchett. Also, I have some religious history books I have been neglecting. The trouble is a lot of the "serious" books have bibliographies at the end, which leads me to more books, and so on. This drives my wife crazy, or did until I offered to stop spending money on books & start spending on other women. She hasn't complained recently.

Dawkins is a good read, even if you don't agree with him. Also, a lot of the stuff written in the late 1800s/early 1900s on the Balkans, Central Asia, & Afghanistan/India can be interesting. I bought one book by Evans about a trip he made through the Balkans just before WW I. It was written before he became famous for discovering the Minoan civilization. I read another one written by the General Staff of the Indian Army when the Brits still had India about a campaign in what is now northern Pakistan which reads like current events.

Oh, well. Time to actually try to accomplish something today.

Thanks again.

 

Money is that 'stuff' Obama and the Fed work overtime printing and distributing. It comes on a multi-colored 'specially formulated' paper-like material, in various denominations. The rich get to have the higher denominations and the poor are stuck with the lower. It has no intrinsic value other than what we agree that's it worth. Presently we can 'trade' these pieces of paper for goods and services. However, the more the Fed prints, the less goods and services can be traded for. People that print their own versions of these worthless pieces of paper are subject to arrest and imprisonment, For some reason, even though the printing may be of higher quality on that homemade money, the Fed is of the impression that their money is the only money we can trade. Which is why it should be called 'Monopoly Money'. The Fed has the money printing monopoly.

 

So I suppose you trade on the barter system then? Obviously not, im certain you have made purchases with these alleged, "worthless paper" so it must be worth something. CHECKMATE!!!

 

well not for you anyway.

 

Ah, perhaps you should go back and study recent history. The crash could not have occurred with multiple Democrat violations of the Constitution. It was not "deregulation" that caused the crash but major Democrat REGULATION. The unconstitutional Democrat creations of Freddie and Fannie were directed to greatly ramp up their buying of low to medium level mortgages between the years of 2000-2004 under the 2000 Affordable Housing Goals directive signed by Democrat Bill Clinton. Freddie and Fannie work on those political marching orders found in that directive, and do so for four years at a time. Bush had no control over the goals of Freddie and Fannie until after 2004, or until the bubble was almost fully inflated.

Lets also not forget how Democrat Clinton changed the enforcement of the CRA so real banks had to show real loans in real bad neighborhoods to pass real FDIC audits. Let’s also not forget how the Democrat Clinton administration would publically post the results of those audits so groups like ACORN and people like Obama could sue banks if they flunked CRA audits for "Redlining" which is not even a crime, It just offends Democrats! Banks did not want to be known as "racist lenders" for making sound business decisions!

Not seeing were the deregulation is in this equation. All repealing the Glass Seagall Act did was increase liquidity, or brought more players in the game. Increased liquidity does not necessarily increase prices or create a bubble. That liquidity must be used. Repealing the Glass Steagall Act did not lower loan standards. People still had to be qualified to get loans. Democrat violations of the Constitution lowered loan standards causing the bubble and crash. Democrats lowering standards (as they always do in every situation) is REGULATION.

 

I could give you the legal definition of money but lets not, lets use the substantial working definition instead.

Money is nothing more than a score keeper in a barter system, and a barter system is the act of trading, that is semantics.

Cash money depreciates by inflation the longer you hold it.

The real problem here is that yesterday it was something you could hold and if your monetary system went to crap you could sell it to some other country and get your money and in fact because of demand appreciated in value the longer you held it.

If you have a community group that decides they want to keep score with monopoly money, (not that far from reality), then that is what they are keeping score with regardless of its intrinsic value.

The real evil in this system is that the people on top can rape the people on the bottom with impunity.

 

No, the two most important issues are BoBoCare and Obama's ineptness...

Regardless of how the court rules, their decision will electrify the right.

 

Most people do not use the barter system and the exchange of currency interchangeably though.

http://mobile-dictionary.reverso.net/english-definition/barter system

And I understand the dynamics of inflation and deflation and the effects these may have on a nations currency.

 

here is the short list.
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Policies that not only allow but encourage financial and corporate irresponsibility create the environment that results in financial and corporate disaster.