gmallast Wrote:
Mar 15, 2013 7:54 AM
There is, of course, no hope of the private sector growing faster than the public sector under current circumstances. The biggest problem isn't unemployment benefits, it is government soaking up so much of the real capital needed for economic expansion. It is necessary to distinguish real capital from financial capital Ben Bernanke can print financial capital without end until the dollar collapses completely and you need a $10,000,0000 bill to buy a pack of chewing gum. But real capital can only come from real saving from real production. If government seizes and blows the real capital, the productive sector does not have it for expansion of production and the important lengthening of the production cycle.