Exactly, It’s their loss… our gain. Let their own people get mad at the governmnet for taking their money.
Why would I hire you to be my lawyer for $1,000 an hour, when I can hire a real lawyer for $250 an hour? Being able to make my money go further, is efficiency.
Make something else. Or by your rationale is high unemployment for the Japanese good? By what moral authority are Americans entitled to employment over someone else in the world?
I’m a student of liberty, in the sense that life is a lesson. What human scale? How about a rational, logical scale? Appeals to emotionalism are for soft hearts and softer heads. Your form of government socialism through counterfeit is a lot less compassionate than what I advocate.
What is the common good? Wouldn’t the common good be profitable, self-sustaining businesses, sound money and lower prices for automobiles?
Your plan to use scrip, is to force the public to provide credit to the private. It is a classic ripoff. Btw, you will find very few people here who support taxes, even fewer who support your scheme to use the power of tax to extract wealth from the people and transfer it to private companies.
You ignored the facts. Americans, and Michiganders eat more than they produce. You complain about Asians, but they are the ones lending you the money to do so, while producing goods for lower wages so you can afford more stuff.
Credit is not capital. Credit is accounting entries. The Asians actually produce capital by deferring consumption and producing for a discount. Americans on the other hand, spend more than they earn, and Michiganders love to buy goods from Asia, even if they are not cars.
The division of labour does not include paying line workers $30 an hour, giving them an endless pension that may last even longer than they worked (which effectively makes their wage $60 an hour). In the division of labour, the most efficient people to produce a good, produces it. Michigan lineworkers, are not as efficient under their current labour contracts, to produce goods as people in Alabama or Tennessee let alone Mexico or Asia.
A fiat money system, is counterfeit. And the taxes, which are the purpose behind your scrip money, is theft.
Democracy is tyranny of the majority.
Most of us here are market anarchists. Generally, I would say very few people are pro-bailout (in any form), pro-scrip (or monetary machinations), pro-politician (so your Governorship bid is out), pro-democracy, pro-tax or pro-nationalism (or statism).
Now lots of us are former Ron Paul supporters, but even Ron Paul would totally not approve of your ideas, even with his incredibly moderate positions.
Didnt the govt try to ‘level the playing field’ in the steel industry by tacking on 30% tariffs on ‘dumped steel’? Yea, we we’re told that was for security reasons. I wonder how much that increased steel cost contributed to the auto industry’s delimma…
I would object to ‘counterfeit’ but would say that non-interest bearing scrip is better than debt backed Fed Res notes because scrip doen’t create a ‘business cycle’. Scrip, furthermore, is 100% reserve.
How is it not counterfeit? You’re creating property titles, with no property to back it!
No it is not. It’s back by nothing, but a government promise that it will be accepted in the payment of taxes.
even if this ‘michigan money’ were based on the fed model at least it’d add a competitive dimension to the Fed’s death grip. I’d rather have 51 different currencies to run to throughout the US rather than the one big monolith we have now.
Who, exactly, is being coerced? The public isn’t even being taxed, are they? Your hostility to government action is confusing you.
The control of credit and investment is in the hands of a small elite. The Constitution requires credit to be regulated by Congress.
I suppose you think David Rockefeller is somehow entitled to decide these things for us?
I’m with you, pairunoyd
A government promise is a contract obligation and is sufficient backing - see Virginia Coupon Cases above
Everyone who has to use scrip to pay their taxes.
Sure they are. And if they didn’t accept your scrip, I’m sure you would make it the only currency that is accepted for the payment of taxes, if that was not the original plan.
LOL.
Right, so what? I’m for total deregulation of money. You just want to become the elite.
The Constitution is irrelevant.
The system is the scam, not the people in it. The system just allows it to be multi-generational. As long as you live under tyranny, and bless it as democracy, and worship the Constitution as something more than a piece of paper, you will be a slave. Whether it is to a Bush or a Rockefeller or an Obama or a member of royalty. The only rational form of government, is a voluntary society. 51%, is not voluntarism.
Only because it is convenient to your argument to have an ally. Not because you believe his position on money.
You’re proposing to back the scrip with assets which already have an owner : the car companies, which, by the way, are nearly bankrupt so it’s doubtful they own anything. Your plan amounts to mortgaging assets which already have been mortgaged…
Right, so it is not full reserve. Thank you for admitting that it is backed by NOTHING but the words of men.
What I mean by full reserve is that the scrip is not pyramided 1,000% by banks. The courts enforce obligations.
Nobody has ti use scrip - you can pay your taxes in gold if you prefer.
Well the agency that prints up script, by legal fiat, gets to take real goods and services out of the economy with paper titles it creates out of thin air.
I call that counterfeit.
Lincoln financed the Civil War with $400 million he printed out of thin air. Do you think he should have financed it
at the 36% interest he was offered from the banks?
Do you think that the government shouldn’t have the power to print the money out of thin air? Why?
Yeah, he should have. Then at least the murder of a half million Americans in the War for Southern Independence might have at least caused the bankruptcy of the Union.
lol
I believe they should not have the power.
Because I believe in individual liberty, voluntary participation, and non-aggression.
Perhaps if he couldn’t afford what the market was willing to sell it for, he shouldn’t have financed it. Did you consider that possibility, or do you assume that government actions should be financed simply because they are government actions and therefore “special”?
You, sir, have come to the wrong place for that. I would suggest to you Murray Rothbard’s book, What Has the Government Done to Our Money? as a start. The amount of literature available on this very site regarding the topic of government money is immense, look into it.