Most if not all of our economic problems can be blamed on government and it's expansion of the money supply...deficit spending in the name of prosperity. There may be a way to use REAL money to help make things right. What do you think? by Chuck Angier
(libertarian)
Friday, September 19, 2008
The blame for most if not all of our current ills, especially in the economy, can be laid squarely at the feet of government. Things can only get worse by government intervention and/or further expansion of the money supply.
We know that property devaluations (and attached pain and suffering) are a symptom of a market that was artificially inflated because of cheap, loose credit at the behest of government.
We also know that the stock market has been grossly over-valued for a long time and for a variety of reasons including tax-deferred investments at the behest of government.
Here's an idea.
Why not allow liquidation (without tax or penalty) of tax deferred investments to (among other things) pay off mortgages?
This is REAL money. It sure beats "printing" money, expanding the money supply, and destroying our currency.
I was just wonderin'.
Angier is self-employed in agri-business. He can be reached at chuckangier@gmail.com.
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Posted By: Jake, the champion of the constitution
Date: 2008-09-20 04:51:26
Chuck -
There have been far worse ideas.
Our ideas of what REAL money is are different though. The US dollar is crappy fiat paper money, as well as the blip-money in all the bank account. I've been writing about it in my column under the name "Money Matrix." Its yellow and rhymes with bold.
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