Home › Forums › Financial Markets/Economics › We screwed up. So, what should we have done?
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patb.
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November 26, 2008 at 6:26 PM #14523November 26, 2008 at 8:17 PM #309384
kewp
ParticipantI posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[quote]
Here’s an easy solution to put a bottom under US real estate in under a year.Give an instant green card + work permit to any foreign citizen that purchases a property in the United States with a 20% down fixed mortgage from a domestic S&L. Mortgage insurance will be provided by the Fed.
Providing the resident alien maintains a positive legal and credit record, offer them full citizenship after four years.
We’ll simultaneously pull all the best human resources (and their associated assets) from the rest of the world and bail out the domestic housing and banking industry.
As a symbol of the program we could gild the Statue of Liberty with gold leaf. That would look rad.
[/quote]November 26, 2008 at 8:17 PM #309748ParticipantI posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[quote]
Here’s an easy solution to put a bottom under US real estate in under a year.Give an instant green card + work permit to any foreign citizen that purchases a property in the United States with a 20% down fixed mortgage from a domestic S&L. Mortgage insurance will be provided by the Fed.
Providing the resident alien maintains a positive legal and credit record, offer them full citizenship after four years.
We’ll simultaneously pull all the best human resources (and their associated assets) from the rest of the world and bail out the domestic housing and banking industry.
As a symbol of the program we could gild the Statue of Liberty with gold leaf. That would look rad.
[/quote]November 26, 2008 at 8:17 PM #309772ParticipantI posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[quote]
Here’s an easy solution to put a bottom under US real estate in under a year.Give an instant green card + work permit to any foreign citizen that purchases a property in the United States with a 20% down fixed mortgage from a domestic S&L. Mortgage insurance will be provided by the Fed.
Providing the resident alien maintains a positive legal and credit record, offer them full citizenship after four years.
We’ll simultaneously pull all the best human resources (and their associated assets) from the rest of the world and bail out the domestic housing and banking industry.
As a symbol of the program we could gild the Statue of Liberty with gold leaf. That would look rad.
[/quote]November 26, 2008 at 8:17 PM #309791ParticipantI posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[quote]
Here’s an easy solution to put a bottom under US real estate in under a year.Give an instant green card + work permit to any foreign citizen that purchases a property in the United States with a 20% down fixed mortgage from a domestic S&L. Mortgage insurance will be provided by the Fed.
Providing the resident alien maintains a positive legal and credit record, offer them full citizenship after four years.
We’ll simultaneously pull all the best human resources (and their associated assets) from the rest of the world and bail out the domestic housing and banking industry.
As a symbol of the program we could gild the Statue of Liberty with gold leaf. That would look rad.
[/quote]November 26, 2008 at 8:17 PM #309854ParticipantI posted this in another thread. Basically, just open up the borders. This would also help rescue the various entitlement programs (at least until the immigrants get old).
[quote]
Here’s an easy solution to put a bottom under US real estate in under a year.Give an instant green card + work permit to any foreign citizen that purchases a property in the United States with a 20% down fixed mortgage from a domestic S&L. Mortgage insurance will be provided by the Fed.
Providing the resident alien maintains a positive legal and credit record, offer them full citizenship after four years.
We’ll simultaneously pull all the best human resources (and their associated assets) from the rest of the world and bail out the domestic housing and banking industry.
As a symbol of the program we could gild the Statue of Liberty with gold leaf. That would look rad.
[/quote]November 26, 2008 at 8:46 PM #309394
CoronitaParticipantWhat’s this “we” stuff?
Not of of us are baby-boomers. Yes, “you” baby-boomers really f’d it up for the rest of us…
Just kidding.
November 26, 2008 at 8:46 PM #309758CoronitaParticipantWhat’s this “we” stuff?
Not of of us are baby-boomers. Yes, “you” baby-boomers really f’d it up for the rest of us…
Just kidding.
November 26, 2008 at 8:46 PM #309781CoronitaParticipantWhat’s this “we” stuff?
Not of of us are baby-boomers. Yes, “you” baby-boomers really f’d it up for the rest of us…
Just kidding.
November 26, 2008 at 8:46 PM #309801CoronitaParticipantWhat’s this “we” stuff?
Not of of us are baby-boomers. Yes, “you” baby-boomers really f’d it up for the rest of us…
Just kidding.
November 26, 2008 at 8:46 PM #309864CoronitaParticipantWhat’s this “we” stuff?
Not of of us are baby-boomers. Yes, “you” baby-boomers really f’d it up for the rest of us…
Just kidding.
November 26, 2008 at 9:12 PM #309399Carl Veritas
ParticipantThe federal governments finances should be more like the individual counties and States. States must tax and borrow to pay for itself and there is a limit.
In contrast, budgets or bankruptcies are concepts foreign to federal decision makers.
If all federal entitlements have to be paid by collecting taxes and borrowing, they will be reformed, or scrapped.
For a more thorough discussion of an alternative go to the last chapter of this book Money, Bank Credit and Business Cycles.
http://mises.org/books/desoto.pdf
Welcome Mr Anderson.
November 26, 2008 at 9:12 PM #309763ParticipantThe federal governments finances should be more like the individual counties and States. States must tax and borrow to pay for itself and there is a limit.
In contrast, budgets or bankruptcies are concepts foreign to federal decision makers.
If all federal entitlements have to be paid by collecting taxes and borrowing, they will be reformed, or scrapped.
For a more thorough discussion of an alternative go to the last chapter of this book Money, Bank Credit and Business Cycles.
http://mises.org/books/desoto.pdf
Welcome Mr Anderson.
November 26, 2008 at 9:12 PM #309786ParticipantThe federal governments finances should be more like the individual counties and States. States must tax and borrow to pay for itself and there is a limit.
In contrast, budgets or bankruptcies are concepts foreign to federal decision makers.
If all federal entitlements have to be paid by collecting taxes and borrowing, they will be reformed, or scrapped.
For a more thorough discussion of an alternative go to the last chapter of this book Money, Bank Credit and Business Cycles.
http://mises.org/books/desoto.pdf
Welcome Mr Anderson.
November 26, 2008 at 9:12 PM #309806ParticipantThe federal governments finances should be more like the individual counties and States. States must tax and borrow to pay for itself and there is a limit.
In contrast, budgets or bankruptcies are concepts foreign to federal decision makers.
If all federal entitlements have to be paid by collecting taxes and borrowing, they will be reformed, or scrapped.
For a more thorough discussion of an alternative go to the last chapter of this book Money, Bank Credit and Business Cycles.
http://mises.org/books/desoto.pdf
Welcome Mr Anderson.
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