-
[quote user="CaptainMurphy"] Another thing I was thinking about- who would print the money without government? Wouldn't various firms be able to print their own currencies, but how would the exchange rate work? Would this not be regressing toward a barter system? [/quote] Now that's an easy one. Gold has been the international standard
-
[quote user="jimmy"] [quote user="A-R"]Interesting that your textbook would point out the uneven distribution of income. Do they go on to compare that to the uneven contribution to production of these two groups? To the extent that "30 percent of the nation's income" was earned by "the top 5 percent of American
-
[quote user="edward_1313"]Bernanke isn't playing us all while him and his buddies sit in some back room and laugh together about how they're swindling the American people. They're stealing from everyone, but they don't know they are, nor believe they are (in truth they're just a bunch of morons).[/quote] You really do have
-
Interesting that the believers in the 19 men with boxcutters conspiracy theory site as their prime motivation that "govt would not have gotten away with it" in terms of any kind of inside involvement. I would have to agree with these individuals that govt is too inneficient, stupid, reckless, etc to pull it off without getting caught. But
-
[quote user="DougM"]how many people do you know who literally keep all of their savings under their mattress? This is what’s required in order to “hoard” savings as the paradox suggests.[/quote] Actually, even this does not harm the economy at all. Hoarding paper or specie money just increases the demand for such money, thus increasing the
-
[quote user="Attackdonkey"]Government, though it is evil, is necessary, and must be funded.[/quote] Under what grounds do you defend this statement? Indeed, what makes you think Government is even competent, let alone necessary to provide "roads, emergency services, and defense" ?
-
Sorry, I missed the chance to respond in time for your test, but I'd like to add a few comments: [quote user="10Brandonr"]The history book says that during this time there was an uneven distribution of income, it says that "In 1929 the top 5 percent of all american households earned 30 percent of the nation's income.[/quote] Interesting
-
I believe that Mises convincingly demonstrated in Socialism (1920) that socialism cannot calculate. Even a brilliant and well-meaning central planner cannot know the subjective valuations of all members of society. Without suffering profits or losses, there is simply no way for the state to know if it is meeting the needs of society in the best possible
-
"Libertarian" think tank? Really? There are criticisms concerning the "social cost" premise of such a scheme, but I'd like to just point out the obvious: [quote user="TokyoTom"]a portion of the carbon tax revenues should support private sector and community-based adaptation projects[/quote] The private sector cannot
-
It's like a game of musical chairs. The panic occurs when the first few players start to grab a chair. The remaining players still standing realize that they'd better follow quick or be out of the game as there are far more players than there are chairs. The fact is, that with the printing presses running full-steam since 1913, there are many