Tuesday - 11Dec2018 Filed in:
Headlines&Free Markets&Ecology
Monday - 12Nov2018 Filed in:
Politics&Free Markets&Law
Thursday - 17May2018 Filed in:
Free Markets&NeoNotes❝❝As far as the world's reserve currency, as a whole that's a bad idea. I doubt that Trump sees that, but competition is good. This is one instance where he is doing the right thing by accident.
Yes, Trump is contributing to the debt, but so has every national politico since the "reform" of 1974. The continuing resolutions instead of actual budgets and the exploding bureaucracy are creating greater problems than Trump did. Both also predate Trump's election.
Meanwhile, that has nothing to do with the (BAD) idea of a single reserve currency or fractional banking. Both of which by their very existence distort the free market and introduce instability. But that is another topic or six.
The aging population is a problem because a) government promised that it could provide better, more reliable retirement income than the private sector, b) government mandated contributions, thereby reinforcing the idea that Government Knew Best when it came to retirement and driving out many private sector alternatives, c) government mismanaged the funds it collected, and finally the REALLY Big One, government borrowed against those funds without payback.
A good smartphone can get up to the minute currency exchange information, along with futures markets, stock markets, index funds, and football pools. Understand this, the only "practical" reason for a single reserve currency is so the government producing the currency can control the economy.
None of which has anything to do with the Korean negotiations of the impact of Chinese trading.
ETA: I should warn you, some libertarians spend a lot of time studying economics.
When people are told that they will be taken care of because it is their right, they stop paying attention to the numbers. That's true with pensions, Social Security, health care, public schools, roads, the post office, and clean water. I call it Somebody Else's Problem after a fictional FTL drive introduced by the late Douglas Adams. On the other hand, if they have to take responsibility, they pay closer attention. Just as one example, why should there be a mandatory retirement age? Just as interesting now that you brought it up, the current interest on savings accounts is artificially low because of government currency manipulation. It doesn't even beat the rate of inflation. Basically if you put money in a bank, you're losing money.
I'm not saying that the U.S. didn't benefit when the dollar was unquestionably the single reserve currency. That tends to happen with monopolies. I'm saying that competition and the free market can do better, with less government control and more choice and more benefits for people.❞❞
NeoNotes are the selected comments that I made on other boards, in email, or in response to articles where I could not respond directly.
Tags: reserve currency ∙ fractional banking ∙ 1974 ∙ reform ∙ budget deficits ∙ budget process ∙ football pools ∙ aging population ∙ retirement income ∙ private sector ∙ mismanaged ∙ borrowed ∙ smart phone ∙ currency exchange ∙ futures markets ∙ stock markets ∙ index funds ∙ single reserve currency ∙ Somebody Else's Problem ∙ Douglas Adams ∙ pensions ∙ Social Security ∙ health care ∙ public schools ∙ roads ∙ post office ∙ clean water
Wednesday - 28Feb2018 Filed in:
Quotes & Thinkums&Law““In approaching immigration reform, I believe we must enact tough, practical reforms that ensure and promote the legal and orderly entry of immigrants into our country.””
— Senator Barack Obama, Senate floor, 2007
Source : Take The 'Racist Xenophobe' Quiz: Who Said This About Illegal Immigration?
Tags: Barack Obama ∙ 2007 ∙ illegal immigrants ∙ reform ∙ Senator ∙ Senate ∙ Investors Business Daily
Monday - 29Jan2018 Filed in:
Headlines&Politics&Law&Liberty
Sunday - 19Nov2017 Filed in:
Quotes & Thinkums&Politics❝❝Politics is not about reform.
Politics is about control.
Politics is never about reform, even when the politicos say that it is.
By definition, reform can't come from within. It almost always splits off into a new thing.❞❞
— NeoWayland
Tags: maxims ∙ politics ∙ reform ∙ politicos
Sunday - 19Nov2017 Filed in:
Quotes & Thinkums&Politics❝❝I'm obligated to point out that the quickest and easiest way to achieve those reforms is for the "ship of state" to sink.❞❞
— NeoWayland
Tags: maxims ∙ reform ∙ ship of state
Monday - 21Mar2016 Filed in:
NeoNotes&Politics
Wednesday - 02Dec2015 Filed in:
PoliticsIt’s the only campaign finance scheme that blurbuces the size of government, returns power to the voters, and keeps local money only in politics.
Read More...Tags: reform ∙ election ∙ jury nullification
Tuesday - 04Nov2014 Filed in:
Politics&Liberty&LawLess government means more freedom
Read More...Tags: reform ∙ regulations
Thursday - 30Oct2014 Filed in:
Politics&LibertyWhich laws are necessary and which ones are wasteful? Here is what you can count on a libertarian to say.
Read More...Tags: reform ∙ goal is freedom ∙ election ∙ repeal ∙ 17th Amendment ∙ elites
Saturday - 04Jun2005 Filed in:
Liberty