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I can see where it would be hard to understand what I was asking because I don't understand what I was asking. Sorry about that and thank you for your replies. I appreciate them. And yes, people will die regardless of govt action.
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I hope this reduces public support for govt, because the govt is collecting money and then not putting it to protecting the public. Perhaps the regulators were told to stand down so that this stuff could happen... I think the BP oil spill was orchestrated and planned well before it happened. Whether it will reduce public support, I don't know.
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never mind.
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There isn't an ideal amount and I don't want government encouraging it nor do I want govt restricting it. Speculation can encourage people to make more efficient use of resources, so it's not necessarily bad. Speculation is good for people with low time preference. Austrian economics says its impossible for there to be an ideal amount of
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Let me know if my OP wasn't clear.
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If we were taxed in a single commodity, then would speculation go down? I'm not sure if Rothbard was trying to say that paper money was good for speculators and that speculation would go down if the govt couldn't createmoney. If speculation is not reduced by government inability to create money, then why isn't it? I would guess since commodities
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It's also worth noting that increases in producing aren't necessarily natural or desirable. I think that in a free society production would probably remain more or less flat.
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I believe the economy was prosperous for a time, but at the cost of life, liberty, and property. The economy wasn't really that much different than FDR's economy because FDR's economy had slave labor (like the concentration camps) also.
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In An-Austrian-Defense-of-the-Euro (link) , is he saying that centralized monetary policy combined with decentralized fiscal policy is beneficial? I don't understand what he's trying to say because I'm just dumb.
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The Articles of Confederation could be seen as a not very democratic Republic because only States could vote which meant it could never be the rule of men. As you pointed out, the Constitution has individuals voting, while the Confederation had States vote. Finally, the second Article of Confederation pretty much kept majoritarianism to a minimum.