Reply To: Space Fountain

[zapkitty]

vansig wrote: Governments can control inflation (and deflation) by manipulating the money supply. To prevent deflation, they can always just print more money.

… but that would show that government can be effective sans plutocrats, and said same will not permit such a demonstration now that they’ve openly seized power.

You’re talking about a group that just had their puppets in the White House and on Capitol Hill deeply slash spending and thus [em]reduce [/em]demand in the middle of an economic catastrophe that demands the exact opposite.

Not because they don’t know better, but because the upper tier of the elites regards the relatively minor effects of the recession on their immense holdings as well worth enduring in order to cement their grip on power. And, for those who haven’t noticed, this level of corruption is not limited to the U.S.A.