tag:blogger.com,1999:blog-6192310191738397455.post157601388986179478..comments2023-05-03T01:17:45.238-07:00Comments on CAN US ECONOMY SURVIVE DOOMSDAY?: ECONOMICS EVEN AN IDIOT CAN UNDERSTAND.Freddie L Sirmans, Sr.http://www.blogger.com/profile/13201991128252786361noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6192310191738397455.post-170361949729308462011-02-25T08:38:00.905-08:002011-02-25T08:38:00.905-08:00I was doing a search for "foundation of an ec...I was doing a search for "foundation of an economy" and came across your blog.<br /><br />So while I am not commenting on the main thrust of your comment, I want to contribute the following:<br /><br />"The beginning and foundation of an economy actually boils down to being able to produce or create something of value."<br /><br />Sounds good: now how about this:<br />The foundation of an economy (human economy) is FOOD PRODUCTION.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6192310191738397455.post-5293303402319818432010-06-15T14:51:16.942-07:002010-06-15T14:51:16.942-07:00Adam Smith wrote:
Adam Smith wrote:
"The nece...Adam Smith wrote:<br />Adam Smith wrote:<br />"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6192310191738397455.post-36415195866797345172007-08-12T13:30:00.000-07:002007-08-12T13:30:00.000-07:00Just browsing the internet, very, very interesting...Just browsing the internet, very, very interesting blog.Freddie L Sirmans, Sr.https://www.blogger.com/profile/13201991128252786361noreply@blogger.com