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Carl VeritasParticipant
Your right ends where someone else’s right begins.
No one should go hungry, but —
Since the government does not produce anything, it must take away the farmers right to his property (in this case, food he produced) and give it to you, if you declare that everyone has a right to eat. That is not social cooperation, it’s coercion.
That goes for health care too.
In the beginning of the 20th century, 90 percent of the nations hospitals were private, for-profit enterprises. State and local governments began taking over the hospital industry that by early 1990s only 10 percent were private. T.DiLorenzo
Carl VeritasParticipantYour right ends where someone else’s right begins.
No one should go hungry, but —
Since the government does not produce anything, it must take away the farmers right to his property (in this case, food he produced) and give it to you, if you declare that everyone has a right to eat. That is not social cooperation, it’s coercion.
That goes for health care too.
In the beginning of the 20th century, 90 percent of the nations hospitals were private, for-profit enterprises. State and local governments began taking over the hospital industry that by early 1990s only 10 percent were private. T.DiLorenzo
Carl VeritasParticipantYour right ends where someone else’s right begins.
No one should go hungry, but —
Since the government does not produce anything, it must take away the farmers right to his property (in this case, food he produced) and give it to you, if you declare that everyone has a right to eat. That is not social cooperation, it’s coercion.
That goes for health care too.
In the beginning of the 20th century, 90 percent of the nations hospitals were private, for-profit enterprises. State and local governments began taking over the hospital industry that by early 1990s only 10 percent were private. T.DiLorenzo
Carl VeritasParticipantYour right ends where someone else’s right begins.
No one should go hungry, but —
Since the government does not produce anything, it must take away the farmers right to his property (in this case, food he produced) and give it to you, if you declare that everyone has a right to eat. That is not social cooperation, it’s coercion.
That goes for health care too.
In the beginning of the 20th century, 90 percent of the nations hospitals were private, for-profit enterprises. State and local governments began taking over the hospital industry that by early 1990s only 10 percent were private. T.DiLorenzo
Carl VeritasParticipantThe cost of World War 2 was more than $300 billion in the dollar of the 1940s. The government paid for it the same way it pays for most everything: taxing, borrowing and inflating. (or transferring, like the Social Security System)
Once the wartime controls expired, the economy began to recover. by Adam Young.
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of wealth of their citizens”. John Maynard Keynes.
Carl VeritasParticipantThe cost of World War 2 was more than $300 billion in the dollar of the 1940s. The government paid for it the same way it pays for most everything: taxing, borrowing and inflating. (or transferring, like the Social Security System)
Once the wartime controls expired, the economy began to recover. by Adam Young.
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of wealth of their citizens”. John Maynard Keynes.
Carl VeritasParticipantThe cost of World War 2 was more than $300 billion in the dollar of the 1940s. The government paid for it the same way it pays for most everything: taxing, borrowing and inflating. (or transferring, like the Social Security System)
Once the wartime controls expired, the economy began to recover. by Adam Young.
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of wealth of their citizens”. John Maynard Keynes.
Carl VeritasParticipantThe cost of World War 2 was more than $300 billion in the dollar of the 1940s. The government paid for it the same way it pays for most everything: taxing, borrowing and inflating. (or transferring, like the Social Security System)
Once the wartime controls expired, the economy began to recover. by Adam Young.
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of wealth of their citizens”. John Maynard Keynes.
Carl VeritasParticipantThe cost of World War 2 was more than $300 billion in the dollar of the 1940s. The government paid for it the same way it pays for most everything: taxing, borrowing and inflating. (or transferring, like the Social Security System)
Once the wartime controls expired, the economy began to recover. by Adam Young.
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of wealth of their citizens”. John Maynard Keynes.
Carl VeritasParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
Carl VeritasParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
Carl VeritasParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
Carl VeritasParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
Carl VeritasParticipantHow the U.S. got out of the last one might provide a clue:
US Census Bureau stats show the official unemployment rate was still 17.2 percent despite seven years of “stimulus”. Government was creating jobs but paying for it with taxing and borrowing, both of which comes from the very same economy it is trying to revive. The result was no net gain in overall employment. The nature of jobs simply changed from private to government.
Abandonment of Keynes inspired FDR policies “coincided” with the recovery of the 1940s.
The reduction of the federal budget from $98.4 billion in 1945 to $33 billion in 1948. Private sector production increased by almost one-third in 1946 alone, as private capital investment increased for the first time in 18 years. (from T. Di Lorenzo)The bust is the way the economy adjust to the lower consumer demand, by liquidation of poor business positions and lowering of prices to market clearing levels. Government intervention only serves to delay the recovery.
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