And they produce nothing
7 Responses to “And they produce nothing”
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September 3rd, 2016 at 12:32 am
It’s much worse than that. They’re not merely unproductive, they encumber production and then punish it when it happens.
September 3rd, 2016 at 2:02 am
I produce coins at the U.S. Mint. Millions and millions of coins. Not the special ones but the ones you all pay for things with. So do the other people I work with.
We lift and move heavy things. We repair and clean coin presses. Its hot, loud, and dirty from the machinery running all shift long. We are not making 90 or 100+K a year. Its a a good job
September 3rd, 2016 at 2:41 am
Sorry I mistakenly clicked on something before I was finished my post. I produce coins at the U.S. Mint, millions and millions of coins. Not the special ones made of precious metals but the ones you all pay for things with Lyle. So do most of the other people I work with.
We lift and move heavy things. We press blanks from very heavy rolls of sheet metal clad that we load into blanking presses by hand. We anneal the blanks in very hot furnaces and then put the little edges on them in machines called up-setters. Next we press the blanks into coins and they travel to other machines which count them and bag them up for transportation. We also repair and clean and maintain all of those machines. It’s hot, loud and dirty from the machinery running during all our shifts. We are not making 70 or 100+K a year. It’s a good job and it pays a living wage. We also have electricians, sheet metal fabricators, programmers and everyone else that is necessary to make a manufacturing business function. We work, and we work damn hard. Pennies, nickels, dimes and quarters don’t fall off of trees into the bank tills or magically appear from behind your Uncle Louie’s ear at a family party. They are made by hot, dirty, and tired us. We also take pride in our work. A whole lot of us are Vets. Some are retired and some are disabled. No administrator has ever encumbered our production or punished us for meeting or exceeding it. Thanks a lot Lyle have a great day.
September 3rd, 2016 at 9:43 am
Leave it to the “small world” theory to strike again. One of the lyproductive government employees takes umbrage at being lumped in with the paper pushers.
I, for one, had a job a while back where the GSA supplied my lab, and it took 8 months to obtain filing cabinets because of the ordering requirements. In retaliation, I read the purchasing regs, (well, some of them), and forced the lab’s Purchasing Department to obtain for me an explicitly forbidden oscillating fan, for my lab’s machine shop through the same GSA. The meetings and paperwork for the fan were lengthier and more detailed than my last mortgage on a house.
September 4th, 2016 at 8:14 pm
“Sorry I mistakenly clicked on something before I was finished my post. I produce coins at the U.S. Mint, millions and millions of coins. Not the special ones made of precious metals but the ones you all pay for things with Lyle. So do most of the other people I work with.”
You sir, produce fiat money that is not soundly backed by anything. It costs more to produce a penny and a nickel than the worth(less) of their face value.
September 4th, 2016 at 8:15 pm
I forgot to add that you do so at the behest of an opaque privately owned central bank.
September 6th, 2016 at 4:27 pm
top: “Fiat money” is not an insult and means almost nothing in terms of soundness or policy, by itself.
Please go read The Theory of Money and Credit again before you try and rant about the Fed and Fiat Money, please.
(Hint: Mises’ only problem with it is the temptation to Weimar-esque inflationary policy.
Which is nearly the only temptation the Fed won’t give in to.
I assure you that monetarism is no better – gold, for instance, is almost guaranteed to be deflationary, if we could even switch back to it, which – again, see Mises – we can’t.)