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    Romney tax loophole plan will generate $40 bln; his tax cuts will cost $400 bln

    Employers don't dictate wages. They are bid up to that level based on your skills and how many employers are competing for them. Then you decide who to go with. Government takes money by force, most of which is wasted on nonsense and doesn't come back to you in the form of services. If you...
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    It's really weird that Ron Paul is Pro-Life

    Anatomically, though, there is virtually no difference between a newly born baby and a late stage fetus. This is why late termination is illegal in most countries, but many libertarians feel that defining how "late" is "too late" is practically impossible because technology is always improving...
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    Who Do You Think Will Win Iowa?

    Doubling down on gold after this. Lawl America. Corporate puppet after corporate puppet. Buncha old fogies with no internet voting what their pastor tells them, isolated from the draft, and receiving or about to receive social security. Holy War with Iran approaches. GIVE US BACK OUR DRONE PLEASE.
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    Is a truly free market system actually a good thing?

    Voluntary trades yield the most production, because both sides have fear of loss to check their behavior. In some cases, we sacrifice quality/choice for convenience, like government roads over toll roads. But that's not a very good tradeoff for most things. Some rules can be benign and worth...
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    Ron Paul pulls into second in Iowa

    Half the posts are from the same guy repeating the word racist 100 times. Maybe we should simplify the issue even more for RabidMongoose. If Ron Paul is racist, then he can't possibly have any black friends or supporters. Yet he does. And he certainly wouldn't plan to appoint anyone black to a...
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    Ron Paul pulls into second in Iowa

    I'm admitting to being a racist? Go fuck yourself troll, you can't just casually throw that word around when you lose arguments. The riots comment is not a white hood statement by any stretch. Those rioters had just done exactly what MLK wouldn't have: responded with violence. The policies you...
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    Ron Paul pulls into second in Iowa

    I disagree vehemently. Libertarians have long been frustrated by welfare programs and it is statistically true that blacks are disproportionately receiving welfare and committing crimes. The reason comes down to insane monetary policy that has grown more and more debt-centric since the...
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    Ron Paul pulls into second in Iowa

    Probably because the guy who wrote them was an otherwise a frustrated friend who he was unwilling to throw under the bus. Stop seeing this as some big deal. You sound desperate to discredit Paul for some reason.
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    Ron Paul pulls into second in Iowa

    Are you really this stupid? You're going to sit here and deny the creation of the middle class under a system with no income tax and a gold standard, where non-union auto workers in the 20s made 2oz of gold a week and kept all of it, where the highest GDP growth ever occured, where America was...
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    Ron Paul pulls into second in Iowa

    I'm not sure why RabidMongoose is trolling so hard on decades old comments written by Lew Rockwell. I suppose we should keep electing socialist nutcases who know nothing about economics and whose policies unintentionally fuel poverty and crime to absurd proportions. There's no better option for...
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    China is stealing everything that isn't bolted down

    America used to produce the cheapest goods and pay the highest wages. It wasn't because of protectionism. It was because we had the most capital and a gold standard. You can pay someone with a bulldozer a lot more than you can pay someone with a shovel. The gold standard prevented us from...
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    Perry Stumbles at latest GOP Debate

    Department of [insert good thing here]. Seriously, most of these agencies are relatively new with poor results. The Department of Education has only been around since the 80s. The federal loan program has caused educators to fearlessly charge higher and higher prices each year knowing that...
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    So Republicans in congress wish to defund the FDA?...

    I'm utopian? Your naive agency of unregulated regulators is in the business of selling approvals and anti-competitive bans to the highest bidder. I'm a diabetic who uses Stevia, I should know how greedy and anti-consumer these retards are. They also don't prevent jack shit in the way of e.coli...
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    UN trying to create report that says Iran is working on developing nuclear weapons.

    The military industrial complex needs a perpetual boogie man to keep the money flowing. Iran is the next logical choice.
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    So Republicans in congress wish to defund the FDA?...

    So let me get this straight: - Company sells moldy sauce it knew was moldy, sickening children. - FDA can't prevent it because it would take trillions of dollars a year to run tests on every package of food before it ships, obviously a more harmful cost than the occasional food poisoning. - The...
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    Places on Earth becoming Un-inhabitable as man heats up planet

    Lemme know when Greenland gets as warm as it was just a few hundred years ago when coal plants and cars didn't even exist. Until then, be a gullible alarmist elsewhere. Kthxbye.
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    We are the 53% and we are not occupy Wall Street

    You cannot be serious with that statement. The subsidies haven't always been the same amount. Schools can raise their prices every year knowing that the government will increase their loan and grant amounts to compensate. Because a government lender has no fear of loss like a private lender...
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    Did Bush tax cuts create the housing bubble?

    You cannot honestly believe that if interest rates were set to 15% after the internet bubble collapsed that these loans and debt instruments would have been popularized. Many things had to happen simultaneously to cause the housing bubble. One of them was having interest rates far below...
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    Did Bush tax cuts create the housing bubble?

    That's a rather simplistic way of putting it. Glass-Steagall was created because FDR, despite being a flaming socialist, knew that blanket insurance on deposits eliminated the fear of loss on the part of the depositor that would otherwise cause him to shun banks doing risky things with his...
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    Did Bush tax cuts create the housing bubble?

    The central bank price fixed interest rates to absurdly low levels for too long, thereby flooding the banks with cheap money with which to speculate. This came just after the repeal of restrictions on FDIC-insured deposits. Homes above a certain value sold at a certain point were taxed less than...
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    We are the 53% and we are not occupy Wall Street

    halik's logic is so strange. He seems to be arguing that public education and federal loans to tuition are things we should all be thankful for, without realizing that (a) good schooling existed before the Dept of Education and was plenty affordable and (b) the price of these services keeps...
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    Bill CLinton: Fixing the economy by forgiving underwater mortages?

    I don't even understand what the point of this argument is. Investment or not, it's not the government's job to incentivize one legal expenditure over another by taxing it differently or doling out special loans and vouchers. I'm sick of all the subsidies and lobbying and social engineering...
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    Muslims in Britain Demand Sharia-Compliant Student Loans

    If giving up the use of your savings to someone else for 10 years yielded no return and carried a risk of not being paid back, no one would lend their savings, they would self-invest or spend it. "Usury" is not evil, inflation is. No one should be able to issue money for themselves while...
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    Bill CLinton: Fixing the economy by forgiving underwater mortages?

    Sure you could, it's just a matter of whether YOU are willing to endure the transit without one. Owning a car will increase your leisure time, but it won't lead you to higher paying work. Your employer does not care about how you get to work, only that you do. You also talk about harsh...
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    Bill CLinton: Fixing the economy by forgiving underwater mortages?

    If a car were an investment (that is, it facilitated production in excess of its costs), then companies would subsidize their employees with "car and gas reimbursement" programs the same way they do with tuition of job-related education. But they don't... because cars don't make employees more...
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    Bill CLinton: Fixing the economy by forgiving underwater mortages?

    A house is not an investment unless the land itself has some sort of unique advantage that grows with time or becomes more scarce. Houses wear out over time. If it ends up being worth the same X years down the road as when you bought it, it's only because you spent additional thousands...
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    China to 'liquidate' US Treasuries, not dollars.

    So, what are you saying, that they're too rich? Why export for the sake of exporting? Why devalue to work more? Why not work less and buy more imports with a currency that's rising faster than your exports are falling?
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    full tilt poker was ponzi scheme

    So... since only a fraction of total account holdings are ever cashed out a given time, they decided to dick around with the rest. Sounds like what banks do every day.
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    China to 'liquidate' US Treasuries, not dollars.

    This is an absurd perspective. They are essentially trading products for a never ending stream of paper that can never be spent. Exporting (or more aptly, trade itself) only makes sense if you are getting imports of equal value in return now or in the future. I'm not exactly sure what value U.S...
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    66 Greenspan article supports gold standard

    blackangst1, that is the argument of a simpleton. If gold became currency again, it would immediately jump in dollar value (or the dollar would fall in gold value, however you want to view it) to the extent that it matched global wealth. And for First: this is not an argument as to whether gold...
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    USA becomes Food Stamp Nation

    All the companies that make soda and junk food would fight that tooth and nail. Food stamps are a huge subsidy for them.
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    Asian stocks fall on first trading day after U.S. credit downgrade

    The dollar is the reserve currency of the world and many other fiat currencies peg to it, meaning that for as much as we print, others follow suit. That's why gold keeps making new highs, because fiat currencies are in a race to the bottom. If I were an individual paying my debts off with...
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    Asian stocks fall on first trading day after U.S. credit downgrade

    These are the same ratings agencies that rated junk subprime AAA before it went to zero. Shit is shit, a fake rating isn't going to stop the collapse anymore than declaring that shit smells like roses. USA is Greece on steroids and can't possibly repay its debts in real terms, anything more...
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    Market Down, Again

    At first it benefited them, but no longer. They are currently trading away their products for our paper. We can't afford to pay them in exports of our own, so we borrow from them to buy their goods. It's a rather foolish thing to do if you're Chinese as trading goods for goods internally is...
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    Market Down, Again

    It's not a matter of time like some magical cycle, it's a matter of policy. 1980 saw Volcker push interest rates to 20% to attract foreign investment, stimulate savings from which capital comes, and shore up inflation. The fed can't do that again so easily due to the now massive size of...
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    Market Down, Again

    DOW keeps tanking in real terms, was 45-to-1 with gold in 2000, now only 7-to-1 with gold. May get to 1-1 again like in 1980.
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    Moody's likely to keep US at AAA rating

    Correct me if I'm wrong, but the spending "cuts" are cuts to projected increases. So it's more like a fat guy saying that he's on a diet by eating 33% more pizza than before, but it's 20% less than he was planning to.
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    Ron Paul bill H.R. 1139: Tax Free Tips Act of 2011

    Right, because when government spending was a fraction the size it is now, we didn't have roads. Wake up, most of what the fed spends is complete waste, and that includes the interest incurred from borrowing. Why do you think it is now almost impossible to get by without 2 bread winners? Back in...
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    Section 4 of the 14th Amendment gives President the power to ignore the debt ceiling

    Uhhhhhhhhhhhhh, yes it does. That's how the constitution works, yo. Powers not explicitly granted are implicity denied. There are an infinite number of things we don't want the government to do, enumerating them would be impossible. That's why it's done that way.
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    Libertarian Paradise

    Bank runs were a result of fractional reserve banking: the practice of creating and loaning out gold receipts at interest for which no gold deposits existed. There's nothing libertarian about that practice, it's fraud and should be prosecuted in court. Slavery is also anti-libertarian...