“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
debt free money can work problem is you would have to drag the rest of the world kicking and screaming, for me i think Paul knows he cant change everything to quickly, i think Paul is trying to unwind the clock of time by returning to silver and gold backed money, Paul has to balance the budget before any ideas that Bill has can see momentum.
I also found it interesting that they brought up Japan, which supposedly has somewhat of similar system like North Dakota. Interesting thing is that Japan has the biggest debt to GDP ratio than any nation, yet they are still here after decades. I mean, their economy is still very powerful. Yet some countries like Greece and Italy aren't even a third as bad as Japan with debt and total breakdowns occur as we can see...austerity etc. By free market standards Japan should have been completely bankrupt by now?
Japan is in twice as much debt as Italy, and Italy is supposedly next on the list of collapse now.
Last edited by nedomedo; 02-13-2012 at 10:39 PM.
Not sure I agree that there can be a benevolent dictator by definition. Some dictators are perhaps less rapacious than others - but a truly benevolent individual cannot ever, I believe, be a dictator.Kind of like the whole benevolent dictator argument lol it's rare but it happens.
What are the facts? What is the truth? Does it exist? How can we ever know we have found it? Those I think are eternal questions - and it is only the search which truly makes us human, and perhaps makes life enjoyable, even for those who only dimly realize what they are searching for. As Douglas Adams so amusingly pointed out, any answer man could give to the fundamental question of life the universe and everything could never be complete, nor any less ridiculous than his answer "42".When we reach that point I don't think we will even be having discussions like this anymore. Saddest thing in the world in my opinion is lack of facts and truth. Its so stupid we have to even debate this, why can't there be one factual system that we know works.
And yes, all government interferences in markets mean that those markets are not free. A market is either free or it is not. If it is subject to coercive force then it is not free. I suppose there is value in the concept of more free or less free to the extent that the government distortions have a greater or lesser impact on the voluntary transactions that otherwise would be carried out.
Last edited by RebelYell; 02-13-2012 at 10:58 PM.
I think educating, explaining and inspiring is the way to go. It may not be a speedy solution, but it is the surest and best way to change the world.
Last edited by RebelYell; 02-13-2012 at 11:08 PM.
I can't even figure out what it means to measure the size of an economy let alone how to measure it. I'm darn sure that GDP isn't the right way to measure it though, even if there were clear agreement about how to measure inflation and consequently modify GDP.
What is the "size" of an economy? Shouldn't we really be measuring the overall wealth of an economy, or perhaps the wealth per capita? Is that what you mean by the size of the economy. If not, wouldn't it be a better measure of a nation's prosperity? Or perhaps the rate at which that wealth is growing - the savings rate?
In any event, I am certain you cannot measure the health of my economy, or my country's, by counting how much money is being spent.
And then, even if I could figure out what the size of an economy was and how to measure it, how on earth would I decide how to apportion any growth to one cause or another?