We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
Essential Economics for Politicians
- Thread starter Bruddah IZ
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We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
Bruddah IZ
DA
Mises’s point was that people don’t borrow money as much as they borrow goods. That being the case, any kind of money multiplier that, in the view of multiplier alarmists, “multiplies” money and credit, would quickly render the dollar useless. We know this because real economic goods can’t be multiplied nearly as fast as money theoretically can be. Assuming a multiplier effect, there would be copious amounts of dollars chasing exceedingly few goods. If so, no one would borrow dollars. Why pay for the right to access a medium of exchange that banks are allegedly “multiplying” away the exchangeability of?
Hüsker Dü
DA
Word.
Hüsker Dü
DA
. . . of course there is the way we pay for all those things and many more . . . then there is what faux and friends have convinced the gullible of believing.
Bruddah IZ
DA
We can always cloak it with interventionism.
Bruddah IZ
DA
It would be nice to "pay for all those things and many more" had we not inflated the money supply for 6 straight years under Obama.
Mises’s point was that people don’t borrow money as much as they borrow goods. That being the case, any kind of money multiplier that, in the view of multiplier alarmists, “multiplies” money and credit, would quickly render the dollar useless. We know this because real economic goods can’t be multiplied nearly as fast as money theoretically can be. Assuming a multiplier effect, there would be copious amounts of dollars chasing exceedingly few goods. If so, no one would borrow dollars. Why pay for the right to access a medium of exchange that banks are allegedly “multiplying” away the exchangeability of?
Bruddah IZ
DA
Boil your water if you live in Poway.
Bruddah IZ
DA
I wish we had public regulation of banks that didn't include bail outs.
Mises’s point was that people don’t borrow money as much as they borrow goods. That being the case, any kind of money multiplier that, in the view of multiplier alarmists, “multiplies” money and credit, would quickly render the dollar useless. We know this because real economic goods can’t be multiplied nearly as fast as money theoretically can be. Assuming a multiplier effect, there would be copious amounts of dollars chasing exceedingly few goods. If so, no one would borrow dollars. Why pay for the right to access a medium of exchange that banks are allegedly “multiplying” away the exchangeability of?
Did you find the City's response to a cosmetic problem with the water supply to be inadequate?
Bruddah IZ
DA
Bruddah IZ
DA
Yes. And I haven't seen any updates regarding boiling drinking water since 11 am this morn'.
Wez
DA
I didn't say we would become Socialist, but the far left's embrace of Socialism is a turn off to anyone who understands history. I repeat: "The biggest mistake is mistakenly calling Social Democracy, Democratic Socialism and that's mostly Bernie's fault. "
Wez
DA
Us choosing to pay for those services with taxes earned in a Capitalist economy, does not make them Socialist.
Wez
DA
I agreed with your post, I don't think you and I agree on much at all. As for your assertion that Social Democracy is the same as Democratic Socialism, I don't expect you to understand such sophisticated concepts. You have a right to your opinion, not the facts.
Really....
Funny how YOU are the " Retired Laborer " and pontificating....
I'm the " Employer " pointing out the TRUTH yet you know better....
Go do your research....and enjoy that Union derived retirement.
By the way " Mr Soapbox " that retirement was generated from
PROFITS, not TAXES.....
Hüsker Dü
DA
There you go yet again down some worm hole of your own making just to highlight your confusion, hilarious!
What would you have had them do in addition to what has already been done?
Bruddah IZ
DA
Beside the PSA? Nothing.
Bruddah IZ
DA