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Very Hot Topic (More than 25 Replies) The Future is Libertarian (Read 1489 times)
Jeff
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Re: The Future is Libertarian
Reply #120 - Aug 15th, 2018 at 2:03pm
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SkyChief wrote on Aug 14th, 2018 at 1:50pm:
And don't forget to mention Venezuela's hyper-inflation...I think it was over 40,000% inflation last month [July].  Shocked

Possibly even higher this month??   Shocked   Shocked
I read this morning it's predicted to reach 1,000,000% by the years end.
  
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Jeff
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Re: The Future is Libertarian
Reply #121 - Aug 15th, 2018 at 2:04pm
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Interesting concept calling the US socialist!
Not the American people. Very few people are actually socialists, it's just our government that becomes more and more like a "socialist system", which is why the economy is so troubled.
  
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Jeff
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Re: The Future is Libertarian
Reply #122 - Aug 15th, 2018 at 2:08pm
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BobK71 wrote on Aug 15th, 2018 at 1:17pm:
Funny how humans like to impose religion on others but not themselves...


Not me, I'd like everybody in the world to have sound money. It is governments that prevent that from happening.

So anyway, what's your solution for Venezuela?

Just have the Fed give them a few trillion FRNs?
  
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BobK71
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Re: The Future is Libertarian
Reply #123 - Aug 15th, 2018 at 4:13pm
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Jeff wrote on Aug 15th, 2018 at 2:08pm:
Not me, I'd like everybody in the world to have sound money. It is governments that prevent that from happening.

But do you notice how mainstream commentators only mention Venezuela as an example of poor governance by inflation?  Nobody will mention that financial inflation around the world is a pretty direct consequence of what happens at the core of the system, that is the USA, in one way or another.

When you criticize someone for drinking 7 bottles of wine a day, it might be more balanced at least to mention you 'only' drink 4 bottles.
Jeff wrote on Aug 15th, 2018 at 2:08pm:
So anyway, what's your solution for Venezuela?

Just have the Fed give them a few trillion FRNs?


This is just like asking what to do about an American family who are drowning in debt but their child needs a lot of money for medical care.  There are no good solutions. The only solution is to change the entire system.

When in the thicket of moral contradictions and confusion (ultimately thanks to the core amorality of the world system,) my first instinct is to relieve suffering.  This is also the line taken by the global elites, but only applied to the West where voters have the power to destroy their system.  In poor countries, 'moral hazard' is taken to be the main concern.
  
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Jeff
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Re: The Future is Libertarian
Reply #124 - Aug 15th, 2018 at 4:55pm
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BobK71 wrote on Aug 15th, 2018 at 4:13pm:
But do you notice how mainstream commentators only mention Venezuela as an example of poor governance by inflation? 
It was the governing people who did such a poor job Ruby, they governed poorly. One of their bad decisions was to have a Central Bank that could bail them (and their cronies) out as required. Edit: And to make it 'sensible and smart' to borrow money, which is what the government did until it needed a bailout or two or three.

One of their fantasies was that Keynesian ideas really will work to help create a prosperous and fair society within an socialist system of morals and economics.

History is rife with all sorts of examples of that kind of thing.

Most likely almost all the high government at every level was corrupt. It goes along with one Party socially responsible government...

I'm working on an idea Red, that the changes to the human brain accomplished by reading J.M Keynes does something to the structure of the brain that somehow cause ideas of corrupt practices to come to power in the personality. 


  
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SkyChief
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Re: The Future is Libertarian
Reply #125 - Aug 15th, 2018 at 6:37pm
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Jeff wrote on Aug 15th, 2018 at 2:04pm:
... it's just our government that becomes more and more like a "socialist system", which is why the economy is so troubled.

This always happens when government becomes more powerful - liberties are eroded, and the slow transition towards socialism happens.

That's why we're libertarians. We're trying to restore the liberties and freedoms we had before government expansion took place in 1913.
  
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Jeff
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Re: The Future is Libertarian
Reply #126 - Aug 15th, 2018 at 7:45pm
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SkyChief wrote on Aug 15th, 2018 at 6:37pm:
This always happens when government becomes more powerful - liberties are eroded, and the slow transition towards socialism happens.

That's why we're libertarians. We're trying to restore the liberties and freedoms we had before government expansion took place in 1913.
It's not so much a powerful government that is the problem, its a government that's power is not limited.

If the country needs to be defended, you might need a very powerful government to do it, but the great power must be limited to the purpose intended.

Trying to make Afghanistan into Norway by force of arms is not within the grant of power, not to mention it's completely unrealistic.
  
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Andrew_Armao
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Re: The Future is Libertarian
Reply #127 - Aug 19th, 2018 at 9:30pm
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BobK71 wrote on Aug 15th, 2018 at 4:13pm:
But do you notice how mainstream commentators only mention Venezuela as an example of poor governance by inflation?  Nobody will mention that financial inflation around the world is a pretty direct consequence of what happens at the core of the system, that is the USA, in one way or another.

When you criticize someone for drinking 7 bottles of wine a day, it might be more balanced at least to mention you 'only' drink 4 bottles.

This is just like asking what to do about an American family who are drowning in debt but their child needs a lot of money for medical care.  There are no good solutions. The only solution is to change the entire system.

When in the thicket of moral contradictions and confusion (ultimately thanks to the core amorality of the world system,) my first instinct is to relieve suffering.  This is also the line taken by the global elites, but only applied to the West where voters have the power to destroy their system.  In poor countries, 'moral hazard' is taken to be the main concern.


I despise when individuals say they are saving money because they're planning on spending less next year. Utterly contridicitory.
  

Andrew J Armao
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Jeff
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Re: The Future is Libertarian
Reply #128 - Aug 20th, 2018 at 6:17am
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BobK71 wrote on Aug 15th, 2018 at 4:13pm:
This is just like asking what to do about an American family who are drowning in debt but their child needs a lot of money for medical care.  There are no good solutions. The only solution is to change the entire system.

Changing the entire system is a solution Bob... What would you change it to?
  
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BobK71
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Re: The Future is Libertarian
Reply #129 - Aug 24th, 2018 at 10:40pm
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Jeff wrote on Aug 20th, 2018 at 6:17am:
Changing the entire system is a solution Bob... What would you change it to?


A system where public power is allowed no role to play in money or finance.  Money and finance must be completely free markets.  That is really all that is needed.
  
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