Submitted by Paul Michael on April 4, 2007 - 11:40.
...and I apologize to anyone with any kind of economic background. But say you're a multinational earning, let's say, $20 billion a year in pure profit. If I told you that by doing certain things (opening up borders for trade, a new currency, a super-highway across the US and so forth) you could triple your profit and reduce expenditure, would you care that the currency you're dealing in is worth less? In other terms, if I took the dollar bill out of your pocket and replaced it with 3 80 cent bills, would you be more or less satisfied? As the article states, the rich get richer. It is the middle class that will be hurt the most.
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Well, here's how I see it...
Submitted by Paul Michael on April 4, 2007 - 11:40.
...and I apologize to anyone with any kind of economic background. But say you're a multinational earning, let's say, $20 billion a year in pure profit. If I told you that by doing certain things (opening up borders for trade, a new currency, a super-highway across the US and so forth) you could triple your profit and reduce expenditure, would you care that the currency you're dealing in is worth less? In other terms, if I took the dollar bill out of your pocket and replaced it with 3 80 cent bills, would you be more or less satisfied? As the article states, the rich get richer. It is the middle class that will be hurt the most.