The Bogosity Forum

General Bogosity => General Discussion => Topic started by: Travis Retriever on January 12, 2010, 07:53:04 PM

Title: A challenger appears: making gov't smaller
Post by: Travis Retriever on January 12, 2010, 07:53:04 PM
http://mises.org/daily/633 ("A $21 Trillion Tax Cut" by James Ostrowski)
Title: Re: A challenger appears: making gov't smaller
Post by: Travis Retriever on January 16, 2010, 10:41:58 AM
I like a lot of his points, especially the concise way he points out way private institutions are better than their public counterparts.
I am not too fond of his idea that we shouldn't pay back any of our national debt (hinted at with his point about interest).
Last time I checked, I don't recall the people having the choice of whether or not to loan the government the money or not (for domestic debt at least).
Title: Re: A challenger appears: making gov't smaller
Post by: Lord T Hawkeye on January 17, 2010, 12:32:35 AM
Most of the national debt is truly owed by people who aren't with us anymore so it's kind of a wash all around.  It's common sense that more countries should follow: don't lend to people with bad credit.
Title: Re: A challenger appears: making gov't smaller
Post by: Travis Retriever on January 17, 2010, 01:18:28 AM
Quote from: Lord T Hawkeye on January 17, 2010, 12:32:35 AMDon't lend to people with bad credit.
Or more accurately, don't lend to governments with bad credit. :P