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Or better yet why don't we just quit using Federal reserve notes that come with interest and print our own interest free notes?
...Given the previous hyperinflation, clearly there was ample reason for currency revulsion. So you can consider this argument a necessary but not sufficient precondition. What makes the universal acceptance [of fiat currency] stick is that government accepts its own money to expunge liabilities to it.
In plain English, fiat money has value because it is the only money you can use to pay taxes.
....The fact that this money is also the medium of exchange only entrenches its use. So the tax liability is a necessary pre-condition for fiat currency to work, something I will return to....
www.creditwritedowns.com...
Originally posted by crimvelvet
reply to post by RUSSO
I want to make one comment. The words "Free Market" DO NOT mean "Free Trade" as in WTO, NAFTA CAFTA .....
Free market means the mega corporations do not get to write laws that place the little guy at a major disadvantage as has been happening with increasing regularity.
Originally posted by RUSSO
Ron Paul speaking the truth like always.
This video pretty much sums up what we need to tell our politicians who are "competing" with each other trying to make their party look better. Let's get down to the real issue, and stop all of the political phoniness.
The problem is free market economics. Newt Gingrich's contract on America, that eliminated Glass Steigel, which allowed the banks to run another real estate ponzi scheme, that destroyed our economy, like the stock market ponzi scheme at the end of the twenties. Of course there was also a real estate ponzi scheme in the same decade.
The current huge deficit isn't from government spending, it is from the ongoing banking bailout.
The biggest problem is you people drinking way too much of that free market cool-aid, and screaming for more.
Get rid of the police who prevent white collar crime, and white collar crime will run rampant.
How is it that you people don't recognize that without anyone enforcing the rules, everyone will wind up cheating the system, and the system falls apart. That is what is going on in the business world, and you people keep calling for more of the same.
Just like communism, the free market sounds good, because both unrealistic ideologies ignore the criminal element.
What your tea bagging reps want, is to keep eleminating the people who prevent white collar crime, and white collar crime is what created this mess.
Originally posted by eNumbra
Logic and reason in economics and politics, goog god Dr. Paul; do you even want to get elected?
Best of circumstances the rest of paul's peers (and I use that loosely) are smply too dumb to get this. Worst case they'll just ignore him and continue robbing the public blind.
As good as it always is to hear the good doctor speak it remains an exercise in futility.
Originally posted by debunky
No, the debt is not the problem
The not paying it back part is.
And not paying it back is really silly if you can print the money yourself!
(Which of course will cause inflation, but inflation is another thing that doesn't really hurt anybody (like debt))
On the other hand Paul "believes" that stuff will get paid somehow... thats right up there with perry asking jesus to take over.edit on 22-7-2011 by debunky because: (no reason given)
Originally posted by ren1999
I like Ron Paul. I think he is a funny guy and some of his ideas I agree with.
However, DEBT is not what we should be focusing on right now.
We should be focusing on creating jobs. For those of you who have jobs, it doesn't seem like a big issue.
But underemployment is at 16%!
First jobs, then we'll tackle the debt.
Originally posted by crimvelvet
reply to post by RUSSO
I want to make one comment. The words "Free Market" DO NOT mean "Free Trade" as in WTO, NAFTA CAFTA .....
Free market means the mega corporations do not get to write laws that place the little guy at a major disadvantage as has been happening with increasing regularity.
Regardless of how you feel about the abortion issue, you should be concerned that one small group can fix votes in the United States Congress. If they can fix the abortion vote, they can fix any vote. That makes our Democracy a joke.
Originally posted by GodIsPissed
Why does the government have to borrow money?Don't they make it?
The debt is just an excuse to raise taxes!
Originally posted by poet1b
How much cool-aid have you people drank? And how many blue pills have you swallowed?
The problem isn't the debt, that is the symptom.
The problem is free market economics. Newt Gingrich's contract on America, that eliminated Glass Steigel, which allowed the banks to run another real estate ponzi scheme, that destroyed our economy, like the stock market ponzi scheme at the end of the twenties. Of course there was also a real estate ponzi scheme in the same decade.
The current huge deficit isn't from government spending, it is from the ongoing banking bailout.
The biggest problem is you people drinking way too much of that free market cool-aid, and screaming for more.
Get rid of the police who prevent white collar crime, and white collar crime will run rampant.
How is it that you people don't recognize that without anyone enforcing the rules, everyone will wind up cheating the system, and the system falls apart. That is what is going on in the business world, and you people keep calling for more of the same.
Just like communism, the free market sounds good, because both unrealistic ideologies ignore the criminal element.
What your tea bagging reps want, is to keep eleminating the people who prevent white collar crime, and white collar crime is what created this mess.