Comments on: You put the lime in the coconut http://www.michaelduchemin.com/2008/10/11/you-put-the-lime-in-the-coconut/ The Weblog of Mike Duchemin Sat, 21 Aug 2010 15:34:53 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: “Prepare to get schooled in my Austrian perspective” — MichaelDuchemin.com http://www.michaelduchemin.com/2008/10/11/you-put-the-lime-in-the-coconut/comment-page-1/#comment-230 “Prepare to get schooled in my Austrian perspective” — MichaelDuchemin.com Mon, 22 Mar 2010 02:15:18 +0000 http://www.michaelduchemin.com/?p=31#comment-230 [...] love the portrayal of Keynesian “Lime-in-the-Coconut Economics” as binge drinking followed by a [...] [...] love the portrayal of Keynesian “Lime-in-the-Coconut Economics” as binge drinking followed by a [...]

]]> By: msducheminjr http://www.michaelduchemin.com/2008/10/11/you-put-the-lime-in-the-coconut/comment-page-1/#comment-25 msducheminjr Fri, 17 Oct 2008 05:52:51 +0000 http://www.michaelduchemin.com/?p=31#comment-25 Hi Kathy! Thank you for reading. I'm too young to remember the days when being a Senator was a part time job (as I'm sure you are too). I've read about it in books, though. The government and many of the insiders of Wall Street (especially the banking industry) are in this together. The banks print the money to finance the government's debt and then use it as "reserves" to create more money out of nothing, loan it, and collect interest on it, with the knowledge that if they ever get into trouble, the government will impute their losses to the taxpayer. There are a couple of terms that could generally be used to describe a normal person who thought of such a scheme. "Multiple felon" and "white-collar criminal" come to mind. Hi Kathy! Thank you for reading.

I’m too young to remember the days when being a Senator was a part time job (as I’m sure you are too). I’ve read about it in books, though.

The government and many of the insiders of Wall Street (especially the banking industry) are in this together. The banks print the money to finance the government’s debt and then use it as “reserves” to create more money out of nothing, loan it, and collect interest on it, with the knowledge that if they ever get into trouble, the government will impute their losses to the taxpayer.

There are a couple of terms that could generally be used to describe a normal person who thought of such a scheme. “Multiple felon” and “white-collar criminal” come to mind.

]]> By: Kathy Carlson http://www.michaelduchemin.com/2008/10/11/you-put-the-lime-in-the-coconut/comment-page-1/#comment-24 Kathy Carlson Fri, 17 Oct 2008 04:57:52 +0000 http://www.michaelduchemin.com/?p=31#comment-24 People's high trust in government in the United States is difficult to understand. I cannot fathom why people think giving power and money (a.k.a. more power) to the government is a good, noble, and patriotic deed. Simply put, the government is full of corruption, greed, and the insatiable drive for greater power. Those things are not limited to Wall Street, and, in fact, I would wager they far worse in Washington. It is crazy that people allow Washington to keep our eyes on those greedy louses who keep our 401Ks growing instead of on Washington which is filled with those greedy louses who build nothing but debt for us and shrink our 401Ks by messing with the economy. Stupid politicians. Remember the days when being a Senator was a part-time job? People’s high trust in government in the United States is difficult to understand. I cannot fathom why people think giving power and money (a.k.a. more power) to the government is a good, noble, and patriotic deed. Simply put, the government is full of corruption, greed, and the insatiable drive for greater power. Those things are not limited to Wall Street, and, in fact, I would wager they far worse in Washington. It is crazy that people allow Washington to keep our eyes on those greedy louses who keep our 401Ks growing instead of on Washington which is filled with those greedy louses who build nothing but debt for us and shrink our 401Ks by messing with the economy. Stupid politicians. Remember the days when being a Senator was a part-time job?

]]> By: msducheminjr http://www.michaelduchemin.com/2008/10/11/you-put-the-lime-in-the-coconut/comment-page-1/#comment-11 msducheminjr Sun, 12 Oct 2008 22:46:13 +0000 http://www.michaelduchemin.com/?p=31#comment-11 Roger, Thank you for your kind comments. Glad to be of service. Roger,

Thank you for your kind comments. Glad to be of service.

]]> By: R. M. Hill http://www.michaelduchemin.com/2008/10/11/you-put-the-lime-in-the-coconut/comment-page-1/#comment-10 R. M. Hill Sun, 12 Oct 2008 13:36:54 +0000 http://www.michaelduchemin.com/?p=31#comment-10 Outstanding analysis! I love your tag, "Put the lime in the coconut economics". That is a moniker that should stick. I am sending out a link to this via email to everyone on my list. You state things so plainly that the point can hardly be missed. Yet it seems about everyone I know is missing the point. Maybe if they see this, then the simple truth will sink in. Thanks for the excellent post! roger Outstanding analysis! I love your tag, “Put the lime in the coconut economics”. That is a moniker that should stick. I am sending out a link to this via email to everyone on my list. You state things so plainly that the point can hardly be missed. Yet it seems about everyone I know is missing the point. Maybe if they see this, then the simple truth will sink in.

Thanks for the excellent post!

roger

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