Results 1 to 8 of 8

Thread: We can solve the debt crisis while cutting taxes

  1. #1

    We can solve the debt crisis while cutting taxes




  2. Remove this section of ads by registering.
  3. #2
    Everyone here should check out the flyer above

  4. #3
    I love Ellen Brown's book and Huff Po posts

  5. #4
    So she wants government run banks completely, and return the fed to under congress authority?
    We'll know our disinformation program is complete when everything the American public believes is false. -- William Casey, CIA Director

    Get your facts first, then you can distort them as you please.-- Mark Twain

    When people like us-- the scum of society-- don't risk our lives when a rare chance comes our way, we become losers at that moment. So courage is the only thing we can rely on.-- Anchan
    Rick Simpson Hemp Oil

  6. #5
    Quote Originally Posted by squarepusher View Post
    So she wants government run banks completely, and return the fed to under congress authority?
    Yes, one imagines various possible permutations. Government (Congress) should control money creation. Fractional reserve banking should be banned. Banks which provide loans and money storage/transfer services are a legitimate private enterprise.

  7. #6
    There's no such thing as "too big too fail." There is only a government court system that is inadequate enough to liquidate the assets of a bankrupting company.

    In order to combat this, the feds could bring back the Resolution Trust Corporation in order to liquidate failed banks quicker.

  8. #7
    Quote Originally Posted by Dionysus View Post
    Yes, one imagines various possible permutations. Government (Congress) should control money creation. Fractional reserve banking should be banned. Banks which provide loans and money storage/transfer services are a legitimate private enterprise.
    Government should have no hand in the creation of money whatsoever. Monetary policy should be wholly privatized. Let the public choose which money they wish to conduct commerce with. You would have fluctuating competing currencies just like you have on the international scene. This way, it keeps the Government in check, and they can't just create money out of thin air (And if you think a 100% commodity standard would last 100% for long in the hands of the politburo you are kidding yourself).
    School of Salamanca - School of Austrian Economics - Liberty, Private Property, Free-Markets, Voluntaryist, Agorist. le monde va de lui même

    "No man hath power over my rights and liberties, and I over no mans [sic]."

    What, sir, is the use of a militia? It is to prevent the establishment of a standing army, the bane of liberty.

    www.mises.org
    www.antiwar.com
    An Arrow Against all Tyrants - Richard Overton vis. 1646 (Required reading!)

  9. #8
    Quote Originally Posted by Austrian Econ Disciple View Post
    Government should have no hand in the creation of money whatsoever. Monetary policy should be wholly privatized. Let the public choose which money they wish to conduct commerce with. You would have fluctuating competing currencies just like you have on the international scene. This way, it keeps the Government in check, and they can't just create money out of thin air (And if you think a 100% commodity standard would last 100% for long in the hands of the politburo you are kidding yourself).
    Competing currencies won't work because it is too confusing for any buyer or seller to confirm the validity of any particular currency, right? We can't force everyone to waste their time becoming an up to date expert on the current versions of all competing currencies in order to know which ones are counterfeit. And if they can't do that, we'll have multiple, highly independent, and therefore inefficient marketplaces, whose only defining trait is the common currency they accept.

    Doesn't it seem like the currency has to be a monopoly, or it will develop into one? If any private entity has a monopoly on our currency, wouldn't they invariably abuse their power? Isn't commodity backing a very good deterrent to abuse?



  10. Remove this section of ads by registering.


Similar Threads

  1. Replies: 15
    Last Post: 04-21-2014, 05:47 AM
  2. Replies: 0
    Last Post: 02-11-2013, 10:30 AM
  3. Solve Debt Crisis by Legalizing Marijuana
    By Magicman in forum U.S. Political News
    Replies: 5
    Last Post: 07-22-2011, 08:44 PM
  4. Replies: 18
    Last Post: 11-16-2010, 02:05 AM
  5. Hoyer: Raising taxes an option for cutting debt
    By bobbyw24 in forum Economy & Markets
    Replies: 0
    Last Post: 03-01-2010, 02:52 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •