Recent content by nvxplorer

If anyone is interested, I highly suggest Guns, Germs and Steel by Jared Diamond. The book is not a study of economics per se - it is a theory as to why highly disparate economies exist - but whether you agree or disagree with the author's analysis, you will surely come away with an enhanced...

What a bunch of nonsense. Hey, clueless. Did you forget something? What teachers create are educated citizens. Where there once was a clueless child, there now exists an educated child. There you go. Creation. :doh:

I don't see the rationale you're using. Whether something has economic value is not determined by who or what owns it. If resources are exchanged for goods, then those goods have economic value by definition. And since wealth by definition is property that has economic value, infrastructure is...

Thanks for the reasonable discussion. I appreciate that you actually form an argument, rather than posting one-liners, saying basically, "You're wrong," or as another member did, call me a liberal. (LOL. I'm far from being a liberal.) I'm merely trying to understand economies by reducing them to...

Wow. I have that much control over you? This has already been covered. What your textbook is describing is growth. I'm not discussing growth. I'm discussing wealth creation, not growth in wealth creation. If you don't understand the difference between the two, then go ahead and ignore me...

Yikes! Good thing I stocked up on ammo and canned beans. My mother makes an awesome apple pie.

Good little lap dog. *pats head* Now go lay down and wait for your next command. (Like I said, politicians depend on your unquestioning and delusional support.)

Thank you. I was hoping that at least one sane person would join the argument. It's amazing how something so basic and apparent - so apparent, as to be seen as an identity axiom - eludes so many people just because a Republican leader and Rush Limbaugh say it ain't so. Amazing, and sad.

This is all true, but I fail to see how it applies to our discussion. All resources can be used in many ways. When you decide to purchase a new car, you are diverting resources from other places where they may have been used. So what? Here, let me try this. Just because decisions are made...

Agree completely, but your use of the word "wealth" is not clear. Infrastructure qualifies as "property that has economic utility: a monetary value or exchange value." Building infrastructure is indeed creation of wealth, all by itself. Whether it helps to generate production is irrelevant. If I...

Growth is defined as an increase in output over time. All output is a creation of wealth. :confused: Uh...yes, you begin with facts that I have already stated, but I just now defined growth. "Rate" needs no definition as it is self-explanatory. Okay, I'm not going to continue much longer...

:doh: Have fun with your new language, delusional as it is. Many politicians depend on it.

Profit and wealth are two different things. You're describing "adding value," which is a creation of wealth, but the government adds value as well. Those interstate highways are the result of adding value to the raw materials used in their construction.

That's fine, but growth and wealth are not the same thing. If you want to claim governments cannot cause growth, that's an argument I'd also disagree with (the Soviet Union experienced lots of growth), but at least you've defined your terms. Here's a basic example that illustrates wealth...

What definition of "wealth" are you using? What you describe is a trade. All trade, by definition, creates wealth. It's axiomatic. Before goods can be traded they must be produced. Whenever a good is produced, wealth is created. I've been repeating this. It's a simple, most basic concept that...