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[quote user="Austroglide"] [quote user="GilesStratton"]And what the hell is a scrip?[/quote] Just another in the endless list of half-baked interventionist fantasies.[/quote] Huey Long used Louisiana state scrip to build modern roads in Louisiana in the 1920s. Then, he became so popular...
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[quote user="GilesStratton"]And what the hell is a scrip?[/quote] In this hypothetical example, it is a tax coupon.
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[quote user="GilesStratton"]You mean just like all those "private" companies in Iraq?[/quote] Yes. Blackwater was used for policing in New Orleans during Katrina. No Posse Comitatus problem.
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[quote user="Morty"]As I see it, there is no difference in kind between the Federal Reserve and any given bureaucracy.[/quote] The Federal Reserve is a private corporation. The names of its shareholders is, by law, a secret.
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[quote user="Jon Irenicus"]Yeah, the "private" bank with a governor appointed by the executive, which enjoys a legal monopoly on currency issuance. Very private indeed. [/quote] Illegitimate privatization of government functions is fascism. The credit is regulated for the benefit...
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[quote user="liberty student"]It's an enormous waste of time trying to discuss with someone who refuses to critically analyze his position. Best of luck.[/quote] I agree with you there. I sympathize with your frustration. I don't see any victim in the scrip loan either.
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[quote user="liberty student"]Who is making the loan? Where is the capital coming from?[/quote] The state is making the loan out of scrip it prints out of thin air. Whether or not the car company repays the loan, the scrip returns to the state treasury where it is paid to state employees and...
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[quote user="Juan"]And I'd reply that you're trying to get the majority of people to pay for the mistakes of the automakers.[/quote] To that I would say that while the automakers have made mistakes, the majority would be injured by the greatly increased unemployment should automaking...
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[quote user="liberty student"]TAXES ARE THEFT![/quote] Obviously. But you haven't identified how or where additional taxes are being raised by this scheme. The taxes due are the same taxes that are due prior to the scrip loan. [quote user="liberty student"]It's not legal because...
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[quote user="Juan"]Well, if the companies were credit-worthy they could raise the money themselves through the voluntary system known as "the market", no ?[/quote] Yes, of course. And they could build their new car making facilities in China, or Sudan or other poverty pesthole. I'm...