-
[quote] In the tradition of Misesian Praxeology, this assertion makes sense to me; it seems valid and logical no matter what empirical proof one may offer to the contrary. [/quote] This is where I stopped reading.
-
This could be the greatest troll in LVMI history. [quote] Look at the places in the world with universal healthcare, they're consistently considered to have the best healthcare. [/quote] The American health care system ranks #1 in: customer satisfaction, lowest wait time to see a doctor, lowest wait time for a referral, lowest wait time for surgery
-
Do I agree with Romney that 47% of Americans don't pay income taxes? Yes, It's an objective fact. Do I agree with Romney that they're victims? Some of them are, some of them are not. I'm not sure I understand the point of this thread.
-
Patrick Henry
-
[quote] Are you seriously making the assertion that this country has ever been a capitalism, much less in the modern day? Or, are you simply saying that if we did live in a capitalist system, taxing the rich would not increase the wages of other classes? If the latter, how is there taxes in a capitalist society, or are you a minarchist? [/quote] Capitalism
-
Clayton, It also has the effect of increasing bank capitalization (indirectly) and liquidity ratio's (directly), therefore reducing the degree of risk on bank balance sheets. This increases confidence in those banks (along with the 'stress-tests') and restores confidence in our financial system (reassures the average investor that it is
-
[quote] The deficit after WWII was twice what is is now (compared to GDP and adjusted for inflation) and we got out of that by having high taxes on the wealthy which increased wages for the middle class and caused spending to increase and increased the tax base. [/quote] Your initial premise is just wrong, never mind the fact that you have absolutely
-
Molyneux almost turned me into an anarchist. The man is very articulate.
-
You guys should fight about it.
-
This does raise an interesting issue though. The high-powered money that the FED has injected into the system is (a) earning interest and (b) held in reserves at the FED (related to point a). So is it really money? It's not intended to enter circulation and money does not earn a yield (though I guess deflation/inflation can be seen as a sort of