The US gets away with its current spending levels, and the “quantitative easing” (faking money) combined with borrowing, because we remain the world’s reserve currency. Generally, this means that everyone else’s currency is measured in US dollars. […]
Early on, this commenter was supporting Pope Francis’ attacks on free enterprise and pushing of the catastrophic anthropogenic global warming line. He claimed to have read Laudato Sí in the original Latin, and stuck to that when I pointed out that Catholic sites are reporting that there did not seem to be a Latin version. He quickly revealed himself as favoring the taking of money from people by force to give to other people. […]
Can we fix trade imbalances by enacting punitive tariffs against companies and countries? These are excerpts from a conversation on Citizen Tom’s blog. My counterpart here is not a bad person, but I certainly disagree that tariffs are the answer to trade imbalances, and I said so… […]
Thomas Jefferson has been something of a controversial figure in the founding of the United States, giving rise to mixed opinions. Even mine. He was wise, even prescient, in many of his writings. But he was also intensely political, and given to rather underhanded tactics in dealing with his political enemies. On balance, I still give him high marks, while aware of the deficits. But speaking of deficits… […]
One very desirable benefit of the FairTax system — and not part of any “flat tax” — is anonymity. No government agency needs to be aware of your income, your transactions, or your assets. […]
And finally, on wealth:
Does [a] man have the right to purse happiness through amassing his own wealth with no care for those less fortunate?
Some random thoughts on free enterprise, expanded from a comment to yesterday’s post.
Does free enterprise, usually called “capitalism” because of Karl Marx’s influence, depend upon greed? No, in fact. The expression “it depends heavily on greed” is counterfactual in my opinion. Consider:
When examining the track record of a nearly-insane mooching thief/convicted criminal/former Democrat staffer under Jimmy Carter advocating the murder of Republicans and conservatives, I encountered this quote:
Excepts from a discussion at Citizen Tom’s blog:
Keith, let me ask, are you not concerned with the extreme viewpoint of the free market turning tyrannical?
No. Well, let me look carefully at your statement. Yes, I’m concerned about people that would hold such an “extreme viewpoint.” But I am not concerned about […]
Imagine that this asterisk is a unit of legislation: * This would be the amount of legislation produced by the United States legislative branch, Congress (i.e., the Senate and House of Representatives), and signed into law by President Obama (in the executive branch) in 2013. This represents about 800 pages of the Federal Register where such laws are recorded. That’s the way our system was designed: the legislative branch creates legislation, the executive branch signs it into law or vetoes it, and that was how laws were to come into being. Now compare that single unit with the laws that were created by the executive branch on its own without involving Congress: […]