| JJ5 |
Dec 2nd, 2004 06:26 AM |
Everything is cyclical. Everything. There will come a time when anyone who says that it is possible to get or that they got a $100,000 or $200,000 equity value improvement in their home in just a year or two will be laughed at also. The younger people at that time will scoff at the idea that it ever happened, as they will have no memory of it. Or it may become like some parts of Europe where you can't buy a home; you can only inherit one or you can only "buy" any residence at all with a 16 or 17% mortgage payment. Do you remember that, guys? Wasn't that fun?
The hysteria over the decifit was much worse under Reagan than it is now. Or under LBJ and after when we were buying meat at 89 cents a lb one week, and $2.19 a lb about 6 weeks later. And $2.69 a lb a week after that. Do you remember the Mary Tyler Moore show when the opening gambit wasn't throwing up her hat in the air, but looking at the price of her single lamb chop and throwing it into her cart with a sigh. (She did that so GOOD! OH ROB!)
Yes, it is not a good idea to tax cut, repeatedly especially, when you are outputting a war.
But if you look at history, and the history of hemogenies especially, you will note that in some ways that's almost exactly what they did. Rome, England, and the Dutch all have had homogenies at different times. They had wars. AND they developed peaceful times on a world scale that was never sustainable after the homegeny ended. And also most technology, human advancement in general knowledge and health, Arts on and on and on - all developed at these times. And this is the part that besides the economics, this particular "time" overall has seem to forget- REAL HEART comes from not sharing poverty and giving a person a hand out- but in giving them an environment to grow. I am not a Democrat or a Republican. I am totally Independent and very pragmatic. But if you use Socialist methods, know that you are sharing poverty as the bottom line. In practice that is what happens, especially with production of goods and trade.
In my own mid-life in business I started a company in exactly these kinds of times. We (a spouse & I) hired 22 people with NO education from Southern Illinois. At this time, 5 own businesses and they hire about 150 people. Do you know how many family's that is? Big government regulation of business makes small business collapse and loose dollars grow all entrepreneurship. It does trickle down.
And I wouldn't be surprised if a stock market crash does happen within the time frame of these years right before the boomers are all out of the work force. Yes, all things are very cyclical and you should keep on your toes, but going on about the dollar's fall in times like these almost seems silly to me. THESE are GOOD TIMES! If you can't find a job, you can make one for yourself right now. I'm helping a couple of nephews do that right now.
And calling names is not going to get anyone anywhere. You can't define a person by their political beliefs. If you TRAVEL enough, you have to know that. One of the most delightful gents that I know is a Socialist. He has yet to get his fifth person into a solid economic state of existence, but he believes what he believes. That's one of the things that makes the world go around.
|