I'd just end the Fed, repeal legal tender for private debts, and replace the old money supply (somewhere between M1 and M2 as Rothbard pointed out) with non-credit non-debt non-legal fiat paper and give it to their original owners. Restoring the gold standard isn't really possible because it is a govt standard. It would be painful, but it's better than taxing old debt and the creditors have no right to it anyway. However, there lies one problem with all of that... it would be with the Constitution because it prescribes a govt that can tax, borrow, print, and the fact that it created inherently centralized enforcment of the three via one executive.
It's most unfortunate that we're going to get Empire before we have any liberty.
How would you deal with the debt? Why have you been okay with the fact that the govt can do 3 bad things?... two of which are illegal for you to do and the third may be legal for you, but you do it because the govt prints and taxes so that you're forced to borrow. You also do the borrowing on a much smaller scale than the govt does so the govt takes the credit from society, society doesn't take the credit from the govt.
Does anyone else see why NIRP was a terrible policy? Operation screw will suck because it will make people in debt and make people who never had anything keep borrowing. It has stimulated the economy, but it will crash it sooner or later. After depression has gone on for a year or so, then hyperinflation (where the Treasury just directly prints cash and dumps it everywhere) will come. Romney will be doing that but Obama won't be. Obama cared, but he was too young and surrounded by too many bad people to do much good. He was responsible for the smaller amount of govt and private growth though, not the Republicans. The Republicans are much more responsible because of pro-business policies, the Conservative Supreme Court's terrible decisions, and for giving Obama excessive spending bills that he wanted to veto. The biggest tax cut (the payroll tax cut and raising the top marginal rate while keeping the ones below the same) were Obama's idea... Obama would've starved the beast like no one before. If there is one thing supply siders are good at, it is creating artificial growth and more revenue for the govt to waste... that's why I wish the Republicans would just let the Democrats raise the top marginal income tax rate to 100%.
It's most unfortunate that we're going to get Empire before we have any liberty.
How would you deal with the debt? Why have you been okay with the fact that the govt can do 3 bad things?... two of which are illegal for you to do and the third may be legal for you, but you do it because the govt prints and taxes so that you're forced to borrow. You also do the borrowing on a much smaller scale than the govt does so the govt takes the credit from society, society doesn't take the credit from the govt.
Does anyone else see why NIRP was a terrible policy? Operation screw will suck because it will make people in debt and make people who never had anything keep borrowing. It has stimulated the economy, but it will crash it sooner or later. After depression has gone on for a year or so, then hyperinflation (where the Treasury just directly prints cash and dumps it everywhere) will come. Romney will be doing that but Obama won't be. Obama cared, but he was too young and surrounded by too many bad people to do much good. He was responsible for the smaller amount of govt and private growth though, not the Republicans. The Republicans are much more responsible because of pro-business policies, the Conservative Supreme Court's terrible decisions, and for giving Obama excessive spending bills that he wanted to veto. The biggest tax cut (the payroll tax cut and raising the top marginal rate while keeping the ones below the same) were Obama's idea... Obama would've starved the beast like no one before. If there is one thing supply siders are good at, it is creating artificial growth and more revenue for the govt to waste... that's why I wish the Republicans would just let the Democrats raise the top marginal income tax rate to 100%.