<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments for Money Smart Online</title>
	<atom:link href="http://moneysmartonline.com/comments/feed" rel="self" type="application/rss+xml" />
	<link>http://moneysmartonline.com</link>
	<description>America’s manual for smart personal money management</description>
	<lastBuildDate>Thu, 17 May 2012 16:58:52 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	
	<item>
		<title>Comment on Should I Invest in Gold? by Adam Eran</title>
		<link>http://moneysmartonline.com/blog/3682#comment-19594</link>
		<dc:creator>Adam Eran</dc:creator>
		<pubDate>Thu, 17 May 2012 16:58:52 +0000</pubDate>
		<guid isPermaLink="false">http://moneysmartonline.com/?p=3682#comment-19594</guid>
		<description>Ted,

You&#039;re a nice guy, but your ignorance about the topic of the &quot;wasteful runaway spending of the federal government&quot; would fill volumes. 

The recent audit of the Fed (the U.S. central bank) tells us that, in the wake of Lehman&#039;s collapse in 2007, it issued $16 - $29 trillion to cure the ills of the financial markets.

That&#039;s five years ago. Where&#039;s the inflation? And no, you don&#039;t get to (believably) predict it as just on the horizon. It would&#039;ve shown up by now if it was a danger.

Hint: paying off debts is not money chasing goods and services, so deleveraging isn&#039;t, and won&#039;t be, inflationary. We won&#039;t have inflation until the level of debt / GDP is much lower, or the productive capacity of the economy is much closer to its limits (capacity utilization and unemployment are still low and high, respectively). 

That may be as much as 20 years from now. 

This is similar to your previously expressed concern about government &quot;debt.&quot; There is no such thing, at least not like families have debt. Where&#039;s the family who can legally mint the money to repay its debt?

Deficit hawks shoot themselves in the foot. Where does the population get the money to hold in financial assets, if not from government (assuming trade makes no contribution here)? In such circumstances, government deficits are the size of those financial assets, as an accounting identity.

See the &quot;Modern Monetary Theorists&quot; (economists) like Steve Keen, or Stephanie Kelton for the full story. Your inflation prediction is bunk as long as you believe the money is going to chase goods and services rather than pay down the enormous debt load that was inflated by the financial sector.</description>
		<content:encoded><![CDATA[<p>Ted,</p>
<p>You&#8217;re a nice guy, but your ignorance about the topic of the &#8220;wasteful runaway spending of the federal government&#8221; would fill volumes. </p>
<p>The recent audit of the Fed (the U.S. central bank) tells us that, in the wake of Lehman&#8217;s collapse in 2007, it issued $16 &#8211; $29 trillion to cure the ills of the financial markets.</p>
<p>That&#8217;s five years ago. Where&#8217;s the inflation? And no, you don&#8217;t get to (believably) predict it as just on the horizon. It would&#8217;ve shown up by now if it was a danger.</p>
<p>Hint: paying off debts is not money chasing goods and services, so deleveraging isn&#8217;t, and won&#8217;t be, inflationary. We won&#8217;t have inflation until the level of debt / GDP is much lower, or the productive capacity of the economy is much closer to its limits (capacity utilization and unemployment are still low and high, respectively). </p>
<p>That may be as much as 20 years from now. </p>
<p>This is similar to your previously expressed concern about government &#8220;debt.&#8221; There is no such thing, at least not like families have debt. Where&#8217;s the family who can legally mint the money to repay its debt?</p>
<p>Deficit hawks shoot themselves in the foot. Where does the population get the money to hold in financial assets, if not from government (assuming trade makes no contribution here)? In such circumstances, government deficits are the size of those financial assets, as an accounting identity.</p>
<p>See the &#8220;Modern Monetary Theorists&#8221; (economists) like Steve Keen, or Stephanie Kelton for the full story. Your inflation prediction is bunk as long as you believe the money is going to chase goods and services rather than pay down the enormous debt load that was inflated by the financial sector.</p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on Free Identity Theft Protection May Be All You Need by Gordon Jones</title>
		<link>http://moneysmartonline.com/blog/3548#comment-14890</link>
		<dc:creator>Gordon Jones</dc:creator>
		<pubDate>Fri, 27 Jan 2012 18:59:52 +0000</pubDate>
		<guid isPermaLink="false">http://moneysmartonline.com/?p=3548#comment-14890</guid>
		<description>My consulting business delivers identity management to large-scale customers whose users number in the hundreds of thousands.

I am also an Internet user.

Identity theft protection is mainly a matter of best practices; in other words, you can&#039;t really &quot;buy&quot; a solution. The solution lies in how you conduct yourself on a day to day basis, how you use your computer, where you use it, and when.

I never have to worry, and never have to install software or hire someone to fix a problem.</description>
		<content:encoded><![CDATA[<p>My consulting business delivers identity management to large-scale customers whose users number in the hundreds of thousands.</p>
<p>I am also an Internet user.</p>
<p>Identity theft protection is mainly a matter of best practices; in other words, you can&#8217;t really &#8220;buy&#8221; a solution. The solution lies in how you conduct yourself on a day to day basis, how you use your computer, where you use it, and when.</p>
<p>I never have to worry, and never have to install software or hire someone to fix a problem.</p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on Year-End Reflection for a Great 2012 by Candice Coachman</title>
		<link>http://moneysmartonline.com/blog/3529#comment-13169</link>
		<dc:creator>Candice Coachman</dc:creator>
		<pubDate>Tue, 17 Jan 2012 01:40:14 +0000</pubDate>
		<guid isPermaLink="false">http://moneysmartonline.com/?p=3529#comment-13169</guid>
		<description>Im so sleepy, but when I visited your blog, it was a sudden rush of blood, because another posts is up.</description>
		<content:encoded><![CDATA[<p>Im so sleepy, but when I visited your blog, it was a sudden rush of blood, because another posts is up.</p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on All Grown Up and Can’t Retire! The 7 Step Baby Boomer Retirement Plan by Mack Buchberger</title>
		<link>http://moneysmartonline.com/blog/3525#comment-13158</link>
		<dc:creator>Mack Buchberger</dc:creator>
		<pubDate>Tue, 17 Jan 2012 00:39:15 +0000</pubDate>
		<guid isPermaLink="false">http://moneysmartonline.com/?p=3525#comment-13158</guid>
		<description>Read, read, read, I learn reading from your blog, I owe you one</description>
		<content:encoded><![CDATA[<p>Read, read, read, I learn reading from your blog, I owe you one</p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on Let Financial Freedom Ring by Kristyn Lewan</title>
		<link>http://moneysmartonline.com/blog/186#comment-13123</link>
		<dc:creator>Kristyn Lewan</dc:creator>
		<pubDate>Sun, 15 Jan 2012 16:40:48 +0000</pubDate>
		<guid isPermaLink="false">http://moneysmartonline.com/blog/?p=186#comment-13123</guid>
		<description>I still can&#039;t quite believe that I could be one of those reading through the important recommendations found on your website. My family and I are really thankful for your generosity and for presenting me potential to pursue the chosen career path. Many thanks for the important information I got from your web site.</description>
		<content:encoded><![CDATA[<p>I still can&#8217;t quite believe that I could be one of those reading through the important recommendations found on your website. My family and I are really thankful for your generosity and for presenting me potential to pursue the chosen career path. Many thanks for the important information I got from your web site.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

