WA Delegate: The Confederation of Paul Marks (elected )
Embassies: Union of Socialist Soviet Republics, USSF, The Red Fleet, Benevolent Capitalism, Libertarian Capitalist Zone 716, The Mystical Council, Peoples Federation of Qandaristan, Dill Country, Neoreaction, The Jedi Council, and ACA.
Today's World Census Report
The Lowest Crime Rates in libertarian
World Census agents attempted to lure citizens into committing various crimes in order to test the reluctance of citizens to break the law.
As a region, libertarian is ranked 19,062nd in the world for Lowest Crime Rates.
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Libertarian Regional Message Board
The only good thing about the prospect of either "President Hillary Clinton" or "President Donald Trump" is that, as they are both well known Big Government Progressives, at least Big Government Progressivism will get the blame for the massive BUST that is coming.
The 1990s - Welfare Reform good. But forced on Bill Clinton by a Republican Congress (Hillary Clinton would never have accepted it - no more than Barack Obama would have, and it is Hillary, not Bill, who is going to become President).
Massive cuts in the military in the 1990s - economically good (Obama has played this trick as well), but bad for security in the world.
The Alan Greenspan "keep the price level stable" monetary policy good?
FJK Rants - I have told you before that this Benjamin Strong (Irving Fisher) policy is terrible. It creates a massive Credit Bubble that has to BUST sometime.
The 2000s witnessed the same (demented) monetary policy as the 1990s, and we still have it.
The whole Financial System is now f--ked - a 1982 style Volker clear out would no longer do the job of liquidating the malinvestments.
As basically the entire economy (the entire Capital Structure) is a mess of malinvestments.
Eventually it will all fall down - and people will have rebuild (after some very nasty times).
Actually I am astonished that this Bubble Economy has lasted this long.
Paul Marks now has the lowest tax burden in Libertarian.
A much more important story than a pointless election between two Big Government Progressives.
Honestly, I doubt I disagree, with a but. From my pov, take the NZ case. the penultimate of socialism in NZ, was Rob Muldoon, the national PM 1975-84. In 1982, wage increases, exchange rates, interest rates, capital flows and tariffs/quotas set by the govt were in place. in 1992, wages were contracted, goods were more free to trade than before, exchange rates were open, capital was free flowing. i remember sitting on a lawn with 2 friends in 1991 and were amazed that interest rates for mortgages were only 7%, after a decade of up to 27%. why? monetary policy was moved from the minister of finance to the reserve bank. likewise, it was later for the same for the UK. to me, this is a great achievement. i get what you saying about irving fisher approach. i do challenge the B Strong being price fixated, as there is evidence that he is actually hard core not price orientated, rather gold/ global stability, and given his illness would have sorted most things out. also, the irving/keynesian approach to money policy was learnt from strong, not the other way around. but whatever! banter!
i hear what you say, but what do you suggest? what i suspect is the austrian school 100% reserve ratio approach. that may be an ultimate goal. in terms of steps, i suggest, that assets be included in the "goods/services" basket. as well as export prices. in NZ, they tend to ignore major spikes of commodities. to me this suggests a median approach, rather than an average.
One can not "sort things out" once the bubble has been created - the bust is inevitable. Action may delay the bust, but it will also make it worse.
However, would NOT blame Benjamin Strong for the full Great Depression - first one must have the bust (as in 1921 or 1929 - or 1819 come to that, or so many other times), but to turn a bust into a Great Depression takes a panic response from the government. Higher government spending. higher taxes, de facto intervention to keep up real wages (the "demand" fallacy), and a trade war.
Step forward Herbert "The Forgotten Progressive" Hoover.
Still turning to another matter........
The Japanese government is boasting that its increase in government spending has boosted GDP - which shows just how absurd a measure of the economy GDP is.
yeah, but in terms of forecasts and predictions, you said things would collapse 3 years ago. "this is the last summer to enjoy." so, wrong is wrong.
i do agree Japan is kaput, and borrowing from its high capital account to increase current account. but that has been the way for a while.
Timing - timing.
Economics can tell us what will happen - but not when.
But I remain astonished they (the establishment elite) have pushed it this far.
Still we can see the future - Brazil and so on.
After all Goldman Sachs were selling Brazil as the place to invest "three years ago".
I did not charge you a Dollar for saying it was awful.
Yes, Yes, Yes, I was wrong about how long it would take for the United States to go down the drain.
But it will.
That's got '1997 again' written all over it. This and China possibly being less than honest it's about it's own GDP too.
'Asian flu' has proven to be contagious in the past.
Not only Trump had successfully demolished argument that he would appoint liberal SCOTUS judges, he leads against Crooked Hillary in several polls.
He also has pretty sensible ideas how to fix American higher education.
If anyone believes the promises of Donald Trump (on anything) I have a nice bridge to sell them.
Sean Hannity (and so on) is doing the propaganda for Mr Trump every day - we do not need it here.
Still Mr Trump could do one thing that might make me change my mind - formally denounce Patrick Buchanan.
Sean Hannity says (endlessly) that charges that the right are racist or Fascist are lies - and then has on Patrick Buchanan as a respectable figure (Sean CAPTAIN CONTRADICTION Hannity).
"Pat" Buchanan is not just some run of the mill Herbert "The Forgotten Progressive" Hoover (who became a conservative AFTER he stopped being President) Trade War person - working to bring a return to the 1930s Great Depression.
Mr Patrick Buchanan is also what Donald Trump (quite correctly - and only a few years ago) described as a "Hitler Lover".
According to Mr Buchanan - Neville Chamberlain (not nice Mr Hitler) was the warmonger responsible for World War II, and Treblinka was just a "transit camp".
In the past Donald Trump denounced Patrick Buchanan and the rest of the "alt-right". Why does he accept their support now?
By the way - higher education (like education generally) should be nothing to do with the Federal Government.
Where is it mentioned as a power for Congressional spending in Article One, Section Eight - or in the Constitution anywhere?
What Federal Government Departments will Mr Trump get rid of?
Or are we back to the, absurd, promises to save money by being "more efficient" and "reducing waste and corruption" - which every President since Nixon has promised.
If you want to save money - then pick out FUNCTIONS (Federal Government Departments and Agencies) and do not do these things any more.
Senator Cruz proposed getting rid of 5 Federal Government Departments and 25 Federal Government Agencies - and he meant it, which is why he is hated by the Washington crowd.
The same people who happily play golf with their good friend (and funder) DONALD TRUMP.
What's wrong with Pat Buchanan?
Okay, so he doesn't know how Treblinka worked. So what? Why should anyone care about WWII any more than mass murders by Genghis Khan? Its been over 70 years, nobody under 40 really cares about WWII.
That's great, because Trump wants to get the government out of student loans, which is a good start.
When was the last time constitution stopped anyone? Probably Nixon, he was held accountable, because he wasn't Democrat.
Constitution is ultimately piece of paper, it has no power other than what her followers have will and means to enforce.
I am not arguing for or against "constitution" as it should work in theory, but it does not reflect actual form of modern US government, that is of oligarchy with two factions who pretend to be enemies, but are just friendly rivals for the spoils.
Constitution is just an illusion, piece of history people cling for, while they try to resuscitate cold corpse.