tag:blogger.com,1999:blog-2170981338945747646.post6134266678420118755..comments2024-02-06T07:57:54.467+00:00Comments on underdogs bite upwards: Money.Leg-ironhttp://www.blogger.com/profile/04932361799889315359noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2170981338945747646.post-67049394280677034862010-07-12T22:54:12.696+01:002010-07-12T22:54:12.696+01:00Where can I download your books from? Im hooked o...Where can I download your books from? Im hooked on your short stories!Henry North London 2.0https://www.blogger.com/profile/14748991488145468593noreply@blogger.comtag:blogger.com,1999:blog-2170981338945747646.post-4843650813156798172010-07-12T15:28:50.532+01:002010-07-12T15:28:50.532+01:00“And that, ladies and gentlemen, is how Stimulus w...<em>“And that, ladies and gentlemen, is how Stimulus works.”</em><br /><br />Except “stimulus” never gets to step 6. And <em>that</em>, ladies and gentlemen, is why we have inflation.Sam Duncannoreply@blogger.comtag:blogger.com,1999:blog-2170981338945747646.post-20087170649670504762010-07-12T12:15:29.066+01:002010-07-12T12:15:29.066+01:00I would agree with you that the government should ...I would agree with you that the government should get out of everything, except police, courts and army, but it's not clear to me how you can have a 'libertarian state' without devolving power down to the local level. <br /><br />For example, you could decentralize all the coercive elements of the state (tax, restrictions on voluntary behaviour, etc.) down to a regional level, so the state becomes a federal umbrella that derives its legitimacy only from the voluntary agreements of the member regions. The size of the umbrella would be limited by voluntary contributions from the said regions.<br /><br />Then you decentralize all the coercive elements of regional government (tax, prohibitions, etc.) down to the local council level, so the regions derive their resources only from local councils who are directly answerable to us, the people. (Local councils are currently pretty inefficient but would improve, given more responsibility and control.) <br /><br />Decentralizing the coercive powers of the government is the only way a libertarian state could function. Power would be dispersed and the rights of the individual protected against the regrowth of an overpowerful government.<br /><br />It puzzles me why I see so little discussion of federal, decentralized structures in libertarian circles, when most of us would agree that the idea that government should be based on strong centralized institutions is old-fashioned and out of date.Siirinoreply@blogger.comtag:blogger.com,1999:blog-2170981338945747646.post-71193646142566678122010-07-12T08:44:42.232+01:002010-07-12T08:44:42.232+01:00i was sent this by a friend of mine.
It is a slo...i was sent this by a friend of mine. <br /><br />It is a slow day in the small Minnesota town of Marshall, and the streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.<br /> <br />A rich tourist visiting the area drives through town, stops at the motel, lays a $100 bill on the desk and says he wants to inspect the rooms upstairs before selecting one for the night.<br /> <br />1. As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.<br />2. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.<br />3. The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Farmer's Co-op.<br />4. The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.<br />5. The hooker rushes to the hotel and pays off her room bill with the hotel owner.<br />6. The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.<br />At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves town.<br /> <br />No one produced anything. No one earned anything. However, the whole town is now out of debt and looks to the future with a lot more optimism.<br /><br />And that, ladies and gentlemen, is how Stimulus works.almightynoreply@blogger.comtag:blogger.com,1999:blog-2170981338945747646.post-81051311279273727092010-07-12T02:31:34.930+01:002010-07-12T02:31:34.930+01:00Does there need to be one?Does there need to be one?Leg-ironhttps://www.blogger.com/profile/04932361799889315359noreply@blogger.comtag:blogger.com,1999:blog-2170981338945747646.post-7385645805453333942010-07-12T02:21:00.141+01:002010-07-12T02:21:00.141+01:00and your point is?and your point is?Anonymousnoreply@blogger.com