Friday, December 17, 2010

Simple economics; the rich hoarding means no monetary circulation

http://bit.ly/hzn3KL

This seems so simple to me. If a tiny minority hoard the money supply, then there is no money circulating. Just like blood in our bodies, money has to circulate to keep an economy going. So giving those minority of hoarders a tax BREAK is the opposite of what needs to be done to get the economy circulating again.

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