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WA Delegate: The Confederation of Paul Marks (elected )

Founder: Whipjangle

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Lowest Overall Tax Burden: 321st Rudest Citizens: 604th Largest Pizza Delivery Sector: 712th+16
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Visit a region where you can gain the benefit of a small group of like minded players, but with no other restrictions, where your rights end at the tip of the other guy's nose and where smaller government is better government, and no government may be best of all.


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Libertarian contains 10 nations, the 1,336th most in the world.

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The Largest Gambling Industry in libertarian

The World Census tailed known underworld figures in order to determine which nations have the largest gambling industries.

As a region, libertarian is ranked 1,459th in the world for Largest Gambling Industry.

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Libertarian Regional Message Board

Mrs May and yet more "social justice" in Britain.

Wild monetary policy and deficit government spending in Japan.

And a "choice" (which is no real choice) between Donald Trump and Hillary Clinton in the United States.

If there is any hope in the world I can not see it.

what i see is that since the gfc, there has been a massive increase in money supply and debt and house prices/asset price inflation. this seems inherently foolish and bad policy. yet no one says anything. i should do some more research to find the percentages. where i live, house asset inflation is 55% from may 2011 to may 2015. debt would have gone up a similar level. this scream alarms in my thinking, but maybe it is just growth.

July 1st

The Council of FJK Rants wrote:what i see is that since the gfc, there has been a massive increase in money supply and debt and house prices/asset price inflation. this seems inherently foolish and bad policy. yet no one says anything. i should do some more research to find the percentages. where i live, house asset inflation is 55% from may 2011 to may 2015. debt would have gone up a similar level. this scream alarms in my thinking, but maybe it is just growth.


The powers that be fear that if they stop pumping out credit the system will bust.

Sadly they are correct - but it will but anyway.

As you know - I thought it would collapse years ago.

The establishment have delayed that bust with their Credit Bubble policy - kept up asset prices (real estate, shares and so on).

But they have also made the bust worse.

got to say, i am concerned at the rise of debt int he world, especially compared to the gdp growth.
to me, the hard core extreme of 100% reserve ratio is now actually a desirable policy, although needs to be stepped towards, rather than done big bang.

July 1st

It is too late to prevent a bust now (it was too late years ago) - the point now is how governments react to the bust.

I think that BOTH Mrs Clinton and Mr Trump would react to a bust the same way that Herbert "The Forgotten Progressive" Hoover did - more (not less) government spending and more (not less) government interventionism

Both Mrs Clinton and Mr Trump would turn the crash into a second Great Depression.

Trouble at the Ford Motor Company - yet another sign of the decline of American manufacturing industry, but both Mrs Clinton and Mr Trump see government as the solution. Actually Big Government interventionism is the problem.

perhaps, but my view is the next crash is the next depression. interest rates can not lower. govt spending across the world is already mostly in deficit. it kind of is irrelevant who the president is.
why do you comment on ford? a quick news google search says they made 2 billion in Q2 2016.

Paul Marks

The Council of FJK Rants wrote:perhaps, but my view is the next crash is the next depression. interest rates can not lower. govt spending across the world is already mostly in deficit. it kind of is irrelevant who the president is.
why do you comment on ford? a quick news google search says they made 2 billion in Q2 2016.


I agree that the next crash will lead to a Great Depression - although some towns and cities in the United States are already in a terrible state (which explains the Trump thing).

I mentioned Ford not because it is badly run (it is not) - but because there were stories at the time I wrote that its sales were hitting severe problems.

Although, yes, it is not "demand" that is the problem - it is the basic Capital Structure of the economy that is hopelessly twisted and distorted.

I hear ya.
I do have hope though.
The easiest way to increase demand is remove income from the rich, and give it to the poor.
This would increase consumption a great deal.
Got to ask, why are the low income bands taxed? Seems evil.
also, why is wealth not taxed? i am thinking house property. seems a big source of tax on a consumption item. perhaps a better way to move investment to better asset.

The Council of FJK Rants wrote:I hear ya.
I do have hope though.
The easiest way to increase demand is remove income from the rich, and give it to the poor.
This would increase consumption a great deal.
Got to ask, why are the low income bands taxed? Seems evil.
also, why is wealth not taxed? i am thinking house property. seems a big source of tax on a consumption item. perhaps a better way to move investment to better asset.


I do not agree with government action to "increase consumption" - I do not believe that Keynes refuted Say's Law, I think (along with the late Henry Haziitt and W.H. Hutt) that Keynes misstated Say's Law and then "refuted" his own misstatement.

As for Wealth Taxes - they have been tried and create a total mess.

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