tag:blogger.com,1999:blog-4900303239154048192.post7872748074995376110..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: From the RubbleUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-32602664507539961112010-07-09T11:59:55.125-04:002010-07-09T11:59:55.125-04:00Consider any and all "insurance systems"...Consider any and all "insurance systems". Car, home, barn, health, whatever. As barns burn down, the subscribers to the insurance system "pool" their money and pay to have the barn rebuilt. There is actually no reason for the existence of a "saved up" pile of gold because all the people have jobs or other sources of income and the barn building people know damned well they will be paid for a bank will lend money to rebuild the barn based on the future income from the insurance subscribers.<br /><br />The situation in Haiti is one step beyond. Do the people of Haiti have the wherewithal to utilize the rebuilt infrastructure to repay the loans needed to purchase all the material and to provide sustenance to the folks providing the labor (wages) necessary to the rebuild???? In the case of European cities following WWII this question was answered in the affirmative. In the case of Haiti it is a different matter. The people do not have the wherewithal to produce the sufficient excess needed to repay the loan.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-14676733971860274362010-07-08T10:54:12.270-04:002010-07-08T10:54:12.270-04:00This comment has been removed by the author.Shane Taylorhttps://www.blogger.com/profile/15107193862410947119noreply@blogger.com