Originally Posted by newbitech
#2, not necessarily, as you can see, life go on when less than 50% of the population actually works.Employment isn't really bad cause people are out of work. Employment is bad because compensation is made with fiat. (IMO). The currency is designed to enrich the people who touch it first, meaning the wholesalers. More people in the real economy increases demand creating opportunity for entrepreneurship and small business growth in LOCAL economies. again IMO.
#4, you probably saw this already but Irwin Schiff (yes Peter Schiff's dad for those who haven't seen it.) http://www.youtube.com/watch?v=bFxvy9XyUtg
really i think all 4 of those go together to create a solid FOUNDATION from which to build a housing market.
What I meant was, more people will almost always means less employment, especially when you're already in a high unemployment situation. Granted, unemployment is hard to measure, and luckily, somebody gave me a good definition this week, which is "only people looking for work", this weeds out people who are unemployed or retired by choice.
I don't doubt life goes on, just tell that to my unemployed neighbors. And I definitely am not the kind of person who will say unemployment is bad per se (see above). But I find it interesting people always deny it as fast as they can, meaning they most likely accepted the premise that unemployment is poverty.
Reply With Quote