For all the talk that libertarians give about freedom, they sure don't seem to care about worker freedoms in the workplace. Those freedoms are out the door when you step through it.
Paying all its debts at once would inject too much currency into the economy at once, sure. Still we could be injecting a lot more without causing too much inflation. We have too much ability to produce products that we can rev up production to meet the increased demand.
These are technicalities. The treasury can mint platinum, but can't print money except through the bond process. However, congress has the constitutional power to make money at will.
Misses the point. You have to pay taxes in dollars, so come tax time, everybody has to have some dollars. So while a business might not accept dollars, it will end up paying taxes in dollars...
Actually, the fiat dollar has value because you must pay your U.S. taxes in dollars. One can't pay taxes in bitcoins or seashells in the U.S.. Thus dollars have value by compulsory power of law. This taxation in dollars helps ensure that others use or hold the currency.
Well isn't that the problem?
State governments whore to the federal government. That is, they give their power to the federal government for the federal governments money.States can't print their own money, but the federal gov't can. Since states compete to have low taxes and provide the most services, they have every incentive to give up as much of their own power as it can.
Thus the rise of Federal power and the loss of state power. To rebalance power to States, an amendment to the constitution allowing states some type of unlimited fiat currency powers, or a requirement of the federal government to only give block grants with no strings attached to the state.
p.
Oh and yeah,we have weak inflation, not full deflation. So prices are rising, but lower than the 2% target inflation rate.
The problem for 99%ers isnt inflation so much as a stagnant wage.
Show me the numbers from a credible source.
Meanwhile the EU madness of no spending high taxation (which takes money out of the private sector) is leading to massive deflation
http://www.nytimes.com/2014/02...
As a matter of rule, the U.S. can always pay back its debts by printing enough money to cover that debt. What that action would do to inflation is another thing altogether.
I got distracted when I posted the previous post. I meant to say that taxes don't actually fund expenditures since the government can print money to pay for any expenditures it authorizes.
So what are taxes for? 1) If you have to pay taxes in dollars, then you better have some dollars. Taxes help ensure that a government's currency is used by its citizens. 2) Taxes can control inflation by destroying money (i.e. taking it out of the economy) 3) to implement policies (e.g. redistribution)
Also, it is a fallacy to think that taxes fund expenditures at the Federal level, since the federal government has a fiat currency, It can always pay its debts, not withstanding the limits of inflation).
Also I disagree to even the term 'deficit spending.' A net deficit in terms of taxes and spending means a net savings in the private sector. If the government spent less than it destroyed in taxes, the economy would shrink, no matter if it were a republican (low tax, low spend) or a Democrat (high tax, high spend) policy. In deflation, it should be a stimulus policy (low tax, high spend). Europe is stupid (high tax, low spend). Yeah it sucks over there because they are not using their power as a fiat currency to put more Euros into the economy.
Slashdot Mirror
So, by your account there should be lots of liberty for workers in a workplace. However, there in practice there isn't this great liberty.
For all the talk that libertarians give about freedom, they sure don't seem to care about worker freedoms in the workplace. Those freedoms are out the door when you step through it.
How about this. Management has to wear these and the data gets broadcast to the workers in summary emails
Although there are several other bingos too./
Undoing the troll mod I accidentally applied
If you don't express libertarian views on slashdot you will be modded down.
You are misunderstanding. Government debt, is money in private hands.
Paying all its debts at once would inject too much currency into the economy at once, sure. Still we could be injecting a lot more without causing too much inflation. We have too much ability to produce products that we can rev up production to meet the increased demand.
These are technicalities. The treasury can mint platinum, but can't print money except through the bond process. However, congress has the constitutional power to make money at will.
Those instances had external problems that led to inflation. war, destruction of production, etc.
Misses the point. You have to pay taxes in dollars, so come tax time, everybody has to have some dollars. So while a business might not accept dollars, it will end up paying taxes in dollars...
Actually, the fiat dollar has value because you must pay your U.S. taxes in dollars. One can't pay taxes in bitcoins or seashells in the U.S.. Thus dollars have value by compulsory power of law. This taxation in dollars helps ensure that others use or hold the currency.
troll mod? You mean, "Disagree"
Agreed, in respect to mobility. These are real economic issues of real products and real resources and real labor.
Anonymous Cowards say nothing of interest on how money works Unfortunately, News at 11
net savings as a matter of accounting. Putting that money to good use is another issue.
thanks!
Thus the rise of Federal power and the loss of state power. To rebalance power to States, an amendment to the constitution allowing states some type of unlimited fiat currency powers, or a requirement of the federal government to only give block grants with no strings attached to the state. p.
Oh and yeah,we have weak inflation, not full deflation. So prices are rising, but lower than the 2% target inflation rate. The problem for 99%ers isnt inflation so much as a stagnant wage.
Show me the numbers from a credible source. Meanwhile the EU madness of no spending high taxation (which takes money out of the private sector) is leading to massive deflation http://www.nytimes.com/2014/02...
Net deficit spending is a net savings to the private sector.
I got distracted when I posted the previous post. I meant to say that taxes don't actually fund expenditures since the government can print money to pay for any expenditures it authorizes.
So what are taxes for? 1) If you have to pay taxes in dollars, then you better have some dollars. Taxes help ensure that a government's currency is used by its citizens. 2) Taxes can control inflation by destroying money (i.e. taking it out of the economy) 3) to implement policies (e.g. redistribution)
Its not debt. If it were a state, it would be a debt. Think of it as a deposit in the private economy. http://neweconomicperspectives...
Also, it is a fallacy to think that taxes fund expenditures at the Federal level, since the federal government has a fiat currency, It can always pay its debts, not withstanding the limits of inflation).
Also I disagree to even the term 'deficit spending.' A net deficit in terms of taxes and spending means a net savings in the private sector. If the government spent less than it destroyed in taxes, the economy would shrink, no matter if it were a republican (low tax, low spend) or a Democrat (high tax, high spend) policy. In deflation, it should be a stimulus policy (low tax, high spend). Europe is stupid (high tax, low spend). Yeah it sucks over there because they are not using their power as a fiat currency to put more Euros into the economy.