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Very Hot Topic (More than 25 Replies) The Future is Libertarian (Read 1490 times)
Jeff
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Re: The Future is Libertarian
Reply #130 - Aug 25th, 2018 at 7:02am
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BobK71 wrote on Aug 24th, 2018 at 10:40pm:
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.
That's a good start. What about the government borrowing a trillion dollars a year? That distorts the market for money...
  
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Andrew_Armao
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Re: The Future is Libertarian
Reply #131 - Sep 15th, 2018 at 4:34am
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Jeff wrote on Aug 25th, 2018 at 7:02am:
That's a good start. What about the government borrowing a trillion dollars a year? That distorts the market for money...


What's crazy is that one day that will happen. You tell a man one hundred years ago minimum wage would be $15, he'd laugh and say "Yeah, and a pack of cards will be $4!". This country needs a new ruling political party.
  

Andrew J Armao
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Jeff
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Re: The Future is Libertarian
Reply #132 - Sep 15th, 2018 at 7:53am
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Andrew_Armao wrote on Sep 15th, 2018 at 4:34am:
What's crazy is that one day that will happen. You tell a man one hundred years ago minimum wage would be $15, he'd laugh and say "Yeah, and a pack of cards will be $4!". This country needs a new ruling political party.
Trillion dollar deficits are on track to return very soon.

What this country needs is no political parties and no rulers.

"Ruling political party" indeed! What a bad idea.
  
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SkyChief
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Re: The Future is Libertarian
Reply #133 - Sep 15th, 2018 at 11:26am
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Jeff wrote on Sep 15th, 2018 at 7:53am:
What this country needs is no political parties and no rulers.

What this country needs is NO Income Taxes.

The Income Tax has enabled government to become too powerful - too willing to make war.

"The power to tax is the power to destroy." John Marshall
  
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BobK71
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Re: The Future is Libertarian
Reply #134 - Sep 17th, 2018 at 3:38pm
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Jeff wrote on Aug 25th, 2018 at 7:02am:
That's a good start. What about the government borrowing a trillion dollars a year? That distorts the market for money...


When the government borrows money, almost by definition, it's manipulating financial markets.

When public debt is issued, the credibility and strength of the government and country are leveraged to support the value of the debt.  (Lenders believe the government will repay much more reliably than private parties.)

The value of, and interest charged on the debt need have nothing to do with the ability of the project to return a profit on its own, but everything to do with the state's power and credibility.  While the state is powerful and stable, the 'public servants' can credibly borrow money and channel it more or less directly to their relatives.

This is the very definition of socialism, but applied to the financial realm, so people in the West believe they live under 'capitalism.'
  
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