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@ Aristohphanes: I haven't read it, but Keynes' theory is incompatible with the ethics of liberty.
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I was told that monetarism isn't keynesian, but I had thought it was because I believed that Keynesians wanted to create demand to generate wealth and that monetarists thought that govt controlling the money supply would regulate demand. Any answers would be appreciated.
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@Michaelangelo: Through threats of force and extreme fraud. http://americanvision.org/6155/the-truth-about-the-federalist-papers/ Let me know what you think. @ andrew Cain: The Confederation could not have turned the country into a direct democracy because individuals could not vote on national issues.
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The Constitution is a lot more democratically centralist than the Articles of Confederation was. The Articles of Confederation was somewhat Statist, but it was not a failure at all.
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If the deflation didn't deter people from borrowing, then why didn't it?
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Do you think it's more anti-libertarian than popular vote? I think so because no one consents to the electoral college except the electors themselves. It's also worth noting that it favored the less statist candidate every time there were differences (Lincoln vs. Douglas/Breckenridge, Tilden vs. Hayes, and Cleveland vs. Harrison; the only time
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As much as i want to live in a stateless society, I think that anarchy would not last because people will eventually want to form a govt again.
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Does the govt stop creating new money under free market money, does the competition from other exchange mediums freeze the supply of govt created money? I just don't see a system of free market money existing long term in anything but a free society or a confederation (the Articles of Confederation was a free market money document). Going back to
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@Clayton: I thought he was a monetarist. I guess I'm wrong. Sorry about that.
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Why or why not? Aren't market agents/human action more of a factor in how much the govt gets than anything the govt can do (when it comes to income tax)? I'm asking because Rothbard seemed (to me) to reject Dr. Walter E Wiliams' finding that income tax revenue is always about the same percentage of GDP. I would be tempted to side with Dr