Re: New Government?

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• Ron Kean <ronkean@juno.com> wrote:
  > A person who is wealthy and spends no money has to
  > keep the money or
  > wealth somewhere. If he keeps it in a bank account
  > or other investment,
  > it is lent out or otherwise invested, presumably for
  > productive purposes.
  > And if he just keeps the money in a vault, the bank
  > which issued that
  > money in effect gets an interest-free loan, and does
  > the same thing, that
  > is, invest the money.
  >
  >
  > Ron Kean
  

Agreed. What I meant was someone who kept his money stuff under his mattress and buried in coffee cans in the back yard. :)

===
Terry Donaghe: terry@donaghe.com
http://www.donaghe.com
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." --Samuel Adams

• [ Next ][ Previous ] In reply to: Ron Kean