Reply to "Economic update for Sept 2012"

I searched his site for "obsolescence" and planned obsolescence was mention three times.  I searched for "accounting" and it was mentioned much more often but no suggestion that it be mandatory.

 

If everyone understood accounting they would see that planned obsolescence would be planned depreciation on the demand side.  Going into debt for junk that depreciates which of course creates a demand for JOBS to make the junk.

 

Nothing but a high technology treadmill.

 

Economists don't understand technology but promote jobs and talk about housing without talking about LAND OWNERSHIP.

 

"LAND OWNERSHIP" is not on his site either.

 

http://toxicdrums.com/economic...s-by-dal-timgar.html

 

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