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Debt, Spending, & Keynesian Foolishness
#68
-Government spending counts ... as consumption

-Consumption (again in a rational world) is (or should be) proportional to income. This includes the portion that is 'consumed' in taxes, fees, FICA, tanning tariffs, etc..

The glaring omission is debt. Debt (both public and private) really should be rolled into 'consumption' (against forward earnings). Government debt should be counted as a separate line item in the consumption laundry list. It is NOT covered by taxes and fees ... again it's forward consumption.

Early in the last century folks came up with an albeit simplistic way of measuring output and growth. If it's not a metric, all you have to guide you are feelings - joy (boom) ... malaise ( bust). It seems like a reasonable idea but an army of geniuses have been trying to pollute it for decades. I suspect that debt has in one way or another been completely omitted or at least been drastically diluted in our bogus economic output numbers. Another example is the fact that Energy and Food are not included in inflation numbers (officially because they are considered volitile ... unofficially because their increase over time tells a sad story). At one time metrics were considered powerful tools ... now they are really no more than propagandist bullsh*t.
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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Messages In This Thread
[No subject] - by Palladin - 03-07-2010, 09:34 AM
[No subject] - by Gunnen4u - 03-11-2010, 07:27 PM
[No subject] - by John L - 03-11-2010, 08:09 PM
[No subject] - by Gunnen4u - 03-11-2010, 08:15 PM
[No subject] - by jt - 03-12-2010, 04:20 PM
[No subject] - by Fredledingue - 03-13-2010, 03:18 PM
[No subject] - by John L - 06-03-2010, 04:27 PM
[No subject] - by jt - 06-03-2010, 06:07 PM
[No subject] - by John L - 06-03-2010, 06:58 PM
[No subject] - by jt - 06-03-2010, 07:06 PM
[No subject] - by Palladin - 06-03-2010, 07:18 PM
[No subject] - by Fredledingue - 06-06-2010, 05:15 PM
[No subject] - by TheMan - 06-07-2010, 03:40 AM
[No subject] - by WmLambert - 06-08-2010, 08:16 PM
[No subject] - by jt - 06-09-2010, 05:15 PM
[No subject] - by mr_yak - 06-27-2010, 02:34 PM
[No subject] - by John L - 06-27-2010, 03:15 PM
[No subject] - by WmLambert - 06-27-2010, 03:58 PM
[No subject] - by jt - 06-27-2010, 05:01 PM
[No subject] - by mr_yak - 06-27-2010, 06:05 PM
[No subject] - by John L - 06-27-2010, 06:10 PM
[No subject] - by mr_yak - 06-27-2010, 06:32 PM
[No subject] - by John L - 06-27-2010, 06:47 PM
[No subject] - by Gunnen4u - 06-27-2010, 06:52 PM
[No subject] - by John L - 06-28-2010, 12:04 PM
[No subject] - by John L - 06-28-2010, 12:08 PM
[No subject] - by John L - 06-28-2010, 03:31 PM
[No subject] - by Palladin - 06-28-2010, 03:46 PM
[No subject] - by John L - 06-28-2010, 04:14 PM
[No subject] - by WmLambert - 06-28-2010, 04:52 PM
[No subject] - by John L - 06-28-2010, 05:09 PM
[No subject] - by WmLambert - 06-28-2010, 06:01 PM
[No subject] - by John L - 06-28-2010, 07:03 PM
[No subject] - by Palladin - 06-28-2010, 08:01 PM
[No subject] - by WmLambert - 06-28-2010, 09:27 PM
[No subject] - by jt - 06-29-2010, 03:49 PM
[No subject] - by WmLambert - 06-29-2010, 04:24 PM
[No subject] - by jt - 06-29-2010, 04:51 PM
[No subject] - by John L - 06-29-2010, 05:01 PM
[No subject] - by mr_yak - 06-29-2010, 10:05 PM
[No subject] - by John L - 06-29-2010, 10:25 PM
[No subject] - by mr_yak - 06-29-2010, 11:21 PM
[No subject] - by John L - 06-30-2010, 06:46 PM
[No subject] - by John L - 06-30-2010, 07:54 PM
[No subject] - by mr_yak - 07-01-2010, 12:52 AM
[No subject] - by John L - 07-01-2010, 03:48 PM
[No subject] - by mr_yak - 07-01-2010, 09:35 PM
[No subject] - by John L - 07-01-2010, 10:10 PM
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[No subject] - by mr_yak - 07-02-2010, 07:02 PM
[No subject] - by jt - 07-02-2010, 07:09 PM
[No subject] - by mr_yak - 07-02-2010, 07:17 PM
[No subject] - by jt - 07-05-2010, 04:13 PM
[No subject] - by Fredledingue - 07-07-2010, 09:03 AM
[No subject] - by jt - 07-07-2010, 04:47 PM
[No subject] - by John L - 07-07-2010, 05:47 PM
[No subject] - by mr_yak - 07-07-2010, 09:14 PM
[No subject] - by jt - 07-08-2010, 07:05 PM
[No subject] - by Huh...What? - 07-08-2010, 07:52 PM
[No subject] - by John L - 07-08-2010, 07:56 PM
[No subject] - by mr_yak - 07-08-2010, 08:13 PM
[No subject] - by John L - 07-08-2010, 08:23 PM
[No subject] - by mr_yak - 07-08-2010, 08:36 PM
[No subject] - by Huh...What? - 07-09-2010, 11:34 AM
[No subject] - by John L - 07-09-2010, 02:11 PM
[No subject] - by jt - 07-09-2010, 04:16 PM
[No subject] - by mr_yak - 07-09-2010, 08:33 PM
[No subject] - by jt - 07-10-2010, 04:25 PM
[No subject] - by John L - 08-05-2010, 12:36 AM
[No subject] - by mv - 08-05-2010, 01:05 AM
[No subject] - by John L - 08-05-2010, 10:49 AM
[No subject] - by WmLambert - 08-05-2010, 01:29 PM
[No subject] - by mv - 08-05-2010, 02:30 PM
[No subject] - by John L - 09-27-2010, 01:38 PM
[No subject] - by John L - 10-13-2010, 03:51 PM
[No subject] - by John L - 10-25-2010, 06:09 PM
[No subject] - by John L - 10-25-2010, 06:09 PM
[No subject] - by mr_yak - 10-26-2010, 12:38 AM
[No subject] - by mr_yak - 10-26-2010, 12:38 AM
[No subject] - by John L - 10-26-2010, 01:36 AM
[No subject] - by John L - 10-26-2010, 01:36 AM
[No subject] - by Brooklyn - 10-26-2010, 01:04 PM
[No subject] - by Brooklyn - 10-26-2010, 01:04 PM
[No subject] - by John L - 10-26-2010, 01:18 PM
[No subject] - by John L - 10-26-2010, 01:18 PM
[No subject] - by mr_yak - 10-26-2010, 11:11 PM
[No subject] - by quadrat - 10-29-2010, 09:26 PM
[No subject] - by John L - 11-24-2010, 04:00 PM
[No subject] - by John L - 12-08-2010, 08:35 PM
[No subject] - by jt - 12-09-2010, 07:04 PM
[No subject] - by John L - 12-09-2010, 08:22 PM
[No subject] - by John L - 01-31-2011, 10:44 AM
[No subject] - by WmLambert - 01-31-2011, 12:39 PM
[No subject] - by John L - 04-15-2011, 04:38 PM
[No subject] - by John L - 04-15-2011, 04:38 PM
[No subject] - by John L - 04-20-2011, 10:15 AM
[No subject] - by John L - 04-20-2011, 10:56 AM
[No subject] - by quadrat - 04-20-2011, 12:47 PM
[No subject] - by jt - 04-22-2011, 05:54 PM
[No subject] - by John L - 04-22-2011, 06:03 PM
[No subject] - by mr_yak - 04-22-2011, 10:07 PM
[No subject] - by Buzz - 04-23-2011, 04:45 PM
[No subject] - by quadrat - 04-23-2011, 09:34 PM
[No subject] - by jt - 04-25-2011, 05:20 PM
[No subject] - by quadrat - 04-25-2011, 09:16 PM
[No subject] - by John L - 04-25-2011, 09:49 PM

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