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NotCranky.
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March 28, 2009 at 8:54 AM #374040March 28, 2009 at 10:03 AM #374506
jpinpb
Participant[quote=arraya][quote=Russell][quote=arraya][quote=Russell]Being a debt slave to bankers is optional. [/quote]
Really, so you are choosing your portion of national debt that you owe with interest? [/quote]
Yes. [/quote][/quote]
Maybe questioning the ratification of the 16th Amendment
March 28, 2009 at 10:03 AM #374549Participant[quote=arraya][quote=Russell][quote=arraya][quote=Russell]Being a debt slave to bankers is optional. [/quote]
Really, so you are choosing your portion of national debt that you owe with interest? [/quote]
Yes. [/quote][/quote]
Maybe questioning the ratification of the 16th Amendment
March 28, 2009 at 10:03 AM #374050Participant[quote=arraya][quote=Russell][quote=arraya][quote=Russell]Being a debt slave to bankers is optional. [/quote]
Really, so you are choosing your portion of national debt that you owe with interest? [/quote]
Yes. [/quote][/quote]
Maybe questioning the ratification of the 16th Amendment
March 28, 2009 at 10:03 AM #374668Participant[quote=arraya][quote=Russell][quote=arraya][quote=Russell]Being a debt slave to bankers is optional. [/quote]
Really, so you are choosing your portion of national debt that you owe with interest? [/quote]
Yes. [/quote][/quote]
Maybe questioning the ratification of the 16th Amendment
March 28, 2009 at 10:03 AM #374334Participant[quote=arraya][quote=Russell][quote=arraya][quote=Russell]Being a debt slave to bankers is optional. [/quote]
Really, so you are choosing your portion of national debt that you owe with interest? [/quote]
Yes. [/quote][/quote]
Maybe questioning the ratification of the 16th Amendment
March 28, 2009 at 10:20 AM #374521NotCranky
ParticipantArraya,
Although I have done it myself, I don’t like the use of the analogy to slavery in this context.Your answer is a partial explanation of why. Also, the use reeks of a victim mentality and entitlement that has no shame in the face of real suffering and no pride in the face of our overwhelmingly favorable odds of increasing our individual lot or just enjoying our relative wealth by getting off our backsides.These values are much more destructive than taxes. Besides that we can always choose to be high minded ascetics, or take some other non-materialistic path, in order abolish this burden of debt.Poor me, poor me in America.
March 28, 2009 at 10:20 AM #374683ParticipantArraya,
Although I have done it myself, I don’t like the use of the analogy to slavery in this context.Your answer is a partial explanation of why. Also, the use reeks of a victim mentality and entitlement that has no shame in the face of real suffering and no pride in the face of our overwhelmingly favorable odds of increasing our individual lot or just enjoying our relative wealth by getting off our backsides.These values are much more destructive than taxes. Besides that we can always choose to be high minded ascetics, or take some other non-materialistic path, in order abolish this burden of debt.Poor me, poor me in America.
March 28, 2009 at 10:20 AM #374564ParticipantArraya,
Although I have done it myself, I don’t like the use of the analogy to slavery in this context.Your answer is a partial explanation of why. Also, the use reeks of a victim mentality and entitlement that has no shame in the face of real suffering and no pride in the face of our overwhelmingly favorable odds of increasing our individual lot or just enjoying our relative wealth by getting off our backsides.These values are much more destructive than taxes. Besides that we can always choose to be high minded ascetics, or take some other non-materialistic path, in order abolish this burden of debt.Poor me, poor me in America.
March 28, 2009 at 10:20 AM #374065ParticipantArraya,
Although I have done it myself, I don’t like the use of the analogy to slavery in this context.Your answer is a partial explanation of why. Also, the use reeks of a victim mentality and entitlement that has no shame in the face of real suffering and no pride in the face of our overwhelmingly favorable odds of increasing our individual lot or just enjoying our relative wealth by getting off our backsides.These values are much more destructive than taxes. Besides that we can always choose to be high minded ascetics, or take some other non-materialistic path, in order abolish this burden of debt.Poor me, poor me in America.
March 28, 2009 at 10:20 AM #374348ParticipantArraya,
Although I have done it myself, I don’t like the use of the analogy to slavery in this context.Your answer is a partial explanation of why. Also, the use reeks of a victim mentality and entitlement that has no shame in the face of real suffering and no pride in the face of our overwhelmingly favorable odds of increasing our individual lot or just enjoying our relative wealth by getting off our backsides.These values are much more destructive than taxes. Besides that we can always choose to be high minded ascetics, or take some other non-materialistic path, in order abolish this burden of debt.Poor me, poor me in America.
March 28, 2009 at 4:07 PM #374172davelj
Participant[quote=jpinpb]Why is not the suggestion followed by Milton Friedman to get rid of the debt and get rid of fractional reserve? One bears interest, one does not. Use U.S. notes.
[/quote]I’ve already posted on this before, but what do you think interest rates would be if we eliminated fractional reserve banking? And why? Think about it from the perspective of a bank’s equity holders and the required rate of return on the enterprise.
March 28, 2009 at 4:07 PM #374669Participant[quote=jpinpb]Why is not the suggestion followed by Milton Friedman to get rid of the debt and get rid of fractional reserve? One bears interest, one does not. Use U.S. notes.
[/quote]I’ve already posted on this before, but what do you think interest rates would be if we eliminated fractional reserve banking? And why? Think about it from the perspective of a bank’s equity holders and the required rate of return on the enterprise.
March 28, 2009 at 4:07 PM #374790Participant[quote=jpinpb]Why is not the suggestion followed by Milton Friedman to get rid of the debt and get rid of fractional reserve? One bears interest, one does not. Use U.S. notes.
[/quote]I’ve already posted on this before, but what do you think interest rates would be if we eliminated fractional reserve banking? And why? Think about it from the perspective of a bank’s equity holders and the required rate of return on the enterprise.
March 28, 2009 at 4:07 PM #374626Participant[quote=jpinpb]Why is not the suggestion followed by Milton Friedman to get rid of the debt and get rid of fractional reserve? One bears interest, one does not. Use U.S. notes.
[/quote]I’ve already posted on this before, but what do you think interest rates would be if we eliminated fractional reserve banking? And why? Think about it from the perspective of a bank’s equity holders and the required rate of return on the enterprise.
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