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Who cares? It does hurt those who paying for it, that is the important part.
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Like jbardacino, I tend to think that most market players have no idea how bad this situation is. I think most people are still confused, and I would include most "prominent" economists here, about which economic school is real. They think it is quite possible to "agitate" the economy by throwing fiat money at it. They think it might
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[quote user="tgibson11"]First, great analysis of the Rothbard piece. I completely agree with your point that true anarcho-communists have nothing to fear from anarcho-capitalists, and that Rothbard's failure to mention this was unfortunate. Second, to address your question of the effect anarcho-communism would have in a free society -
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[quote user="Jason Dean"] The big three are fairly obvious: Lincoln, Wilson, and FDR. It is very difficult to rank them, but I think I have to put Wilson at the #1 worst. The income tax and the Fed made possible FDR's schemes more so than anything Lincoln did made Wilson's possible. It is sort of funny that no one mentioned LBJ until
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I forgot one thing. But, it is actually quite important. Regulation only makes them stronger. Remove all regulation, and you will kill them all. Because free market and their own individual desires and bottom lines will ruin all of their alliances, and aspirations. It will break down any corporation that doesn't pay attention to you, the customer
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MrJekyll, You're absolutely right in your assessment. This is exactly what's going on. Now, may I ask why? Because, legislative branch is not doing their job right, executive doing to much and judicial is not doing any job at all. This is going on, because you can't make Yahoo go broke for selling your e-mail. But you should be able to own
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[quote user="Trianglechoke7"] I was wondering if anyone has written anything on the site about how socialist societies, or socialized markets (like health care in Canada, Britain, ect.) can be artificially propped up by not being isolated from free societies. If not, does anyone have any comments on that? [/quote] You mean as in "having
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There does not exist such a chart. To make a chart like that one would need true statistics for M3, and if you think that even pre-coverup M3 stats from G are true, then you should also believe in snake oil and bying bridges. Secondly, the price-inflationary effects of true monetary inflation are discounted by substitution of goods of lower quality
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The above post by"Drab H Thor" is an excellent point on taxes in general. I think that when contemplating any taxation scheme it would be useful to keep this in mind: 1) The reason for taxation as it pertains to FIAT money system has nothing to do with collecting funds for any purpose whatsoever. The taxes in FIAT are collected entirely to
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[quote user="Anonymous Coward"] Doesn't sound too fair to me. Someone who spends 100% of their income on consumables would be taxed much higher, as a percentage of their income, than someone who spends 50 percent. Who spends the largest percentage, low wage workers. Who spends the least, the rich. [/quote] This would mean that you want