Just about time to squeeze in some sweet propaganda about how nice socialism is.

Who is this "learned" author? There isn't much "knowledge" that he evidently possesses. Typical, post-1904-education b.s. designed for an easy consumption by a post-1904-educated reader.

I believe that nothing makes you deserve anything. People may feel like giving you something, and then, in their opinion, you deserve something. This never ever means that you actually may be in a state of deserving, just by yourself. So, IMHO, this is an objective value. One can not say "I deserve this, therefore I take it". It does not make any sense.

Americans used to have higher level of life because they DID NOT STEAL FROM EACH OTHER. This is an impossible point to be understood by an inferior mind. Less intelligent, therefore, are bound to poverty.

We are today, Americans, have reduced ourselves to deserving, and to being exactly what is against the constitution, - nobility. Nobility is a set of birthrights, other than a property right. When I say I deserve this or that more than that man from Mexico, because I was born here, and therefore I will not allow myself to compete on my own merits, I exercise nobility. If I were to meet our founding fathers, they would despise me, for being a worm that I am. (That is why I do not do it ).

..is to take it with you for a shooting trip!

T&C for web apps are only relating to what your browser allows out, or what you enter in your profile.

T&C for windows are scary, but the "windoze" is quite tamed by a good firewall and a browser.

However, if you have an agent browser like Google, you're all at their service!

(I know, I know. However, neither it is appropriate to start a sentence with "also"... I am not ragging on you, bud. It's just the funniest time to make a grammatical correction right over another correction being made! )

Small correction:

Debt does not cause inflation. Inflation is an increase in the quantity of money, which has a meaning of diluting the value of every separate unit of money. Only government can cause inflation. They do it by "creating new money", or frankly by writing bad checks, and forcing the people to accept these new bad checks on par with previously issued ones.

If debt could do that, then we would be able to expand (meant: inflate) our economy by simply borrowing money.

I agree with the rest of your observations, though!

One can not expect to ever return debt and experience no negative impact (I am not even mentioning that there will be no positive impact) of borrowing, if the funds borrowed were not invested, but consumed.

If spent for consumption, the negative impact is guaranteed. If spent for an investment, then there is a possibility of a positive impact, but only if the investment itself brings sufficient profits.

This isn't the problem with our nation, it a normal state of things. People do not care. Even when they say they do care, they do not care to find out what is really taking place.

But, this is normal. If it wasn't so, it would not make sense to fool around and lie or scam. One who is lying would be immediately seen as such, if everyone paid attention.

People are designed to be ruled.

Wow. I have nothing to add, but ditto the whole thing!

This is not avoidance, not evasion. There just are no tax there. That's all.


According to you logic, you're avoiding of being a man.

Creativity is an insanity that isn't being taken seriously.

How is it of any business to a fncking judge? A man needs a government permission to even have a name?

Let me offer this answer: May-be whoever put these two together in one forum, knew that all bad science is based on "good" philosophy.

We cherish an opportunity to look into a mind of a confirmed insane person. If there is a way, and in this case, there was.

I never cared for his artwork myself (did Rose said that already?)

It was never about children. For teachers, children simply are means for lifestyle security.

Funny, but this is what comes to my mind.

Imagine BHO. All dressed nice, clean, well fed, never lifted anything heavier than his own d!ck. He is in a nice, clean office, enjoying his morning coffee prepared by his servant. What is he doing?

He is signing a law that will send armed thugs to extract the sweat off guy who works hard to keep himself simply fed and decently covered. A guy who works his a$$ of and have always been. A guy who actually produces something that other people need.

This is the reality. Slavery never stopped.

You post this, and you imply a mis-direction on my part? You doubting my intentions? Never mind.

Good thing you weren't involved. We would end up with no country and no independence, but with a ban on cannons.

DaveyB,

If inflation did not follow (I define an inflation here as price inflation), then it would make sense to simply print fiat money. It would be like a mythical source of free energy. And, many will tell you that it is true, but then, they must blame everything including greed, to explain how did they fncked up the system again (our situation today).

But because we can't make anything out of nothing, we can't make more money while simultaneously NOT having less of it. Fiat printing immediately followed by price inflation. It may not be an uniform raise in prices, because, as Von Mises explained, the maximum of price inflation is at the point where new money are currently spent.

With that being said, let us see if there is a change in prices, even for the government, even if they spent the money elsewhere.

If a swiss frank falls on some foreign exchange, and you are having some franks, but living in say Boston, and there aren't any newly printed franks around you, do you think you can still get the same value for your franks? Why not? Because, it didn't become less valuable at particular place, it become less valuable as an object.

Money only worth a part of total money existing. This looks an easily understood concept, when we think of paper money. But, imagine money such as gold, that have intrinsic value. Whole gold is whole value, or whole wealth. One gold dollar is one/100000000 (whatever) part of that whole. When you accept one note, you have exchanged something for that fraction of the whole value. You did not exchange for the gold dollar itself, but for the fraction of whole, kind of bying stock of a company. One cert of a share is meaningless, but as a fraction of whole it has a meaning.

This is why, even if us government prints money and spends it entirely abroad, their action lowers the value of the dollar nevertheless. Because they have fudged with the whole, watering it down, and every share of that whole must now lose value proportionally.

You have probably heard of a term "export of inflation", where supposedly we print money and send if overseas, so it doesn't lower the value of a dollar here. That is a misdirection. The purpose of such action is to hide the effects of inflation, not to eliminate them. Instead of easily seen price inflation in food and household items, there is a rise in prices of foreign labor as purchased in dollars, which means that we will import lower quality product. We then buy a lower quality product for a same or almost same price, which is price inflation. The price per unit of value did grow, but it is not being seen, because a gadget now has less value, but sold for about the same price. In particular, this is why it is expensive these days to buy many things of the same quality that our parents bought daily. People always guess and bring up home-grown explanations, when the true cause is simply a price inflation manifested not as a price increase, but as a value decrease.


I've got to go now, I'll follow up later if you care.

No, I am aware of both facts.

However, you are making a mistake in thinking here. If I lent you one yen, and you inflated your currency two-fold, then you still owe me one yen. In your own currency, your debt to me didn't grow. It grew nominally only, as you write it now as number 2 (dollars, instead of 1), which is now equals 1 yen. But you are also having all these dollars sloshing around, exactly two times more of them.

So, if you only had 1000 dollars money supply when you borrowed my yen, and now you have 2000 money supply, it still takes only 1/1000 of your wealth to pay back what you borrowed.

Now, if you held that yen in a bank for interest, then your debt to me is the same even nominally.