And of course, if you substitute the Labour Party for the Democratic Party, the same is true of the Welfare State in Britain.
h/t Catallaxy files
She may be gone but you have all those wonderful memories :-)
THE LAST DITCH
6 responses to “All organisations funded by force are immoral – Part 3: The US Government”
-
All control freaks are immoral too.
LikeLike
-
“The unfunded liabilities of all US government programs amounts to more than all the money in the world” which is why they are debasing the currency by printing more “money”.
The result can only be hyper-inflation, Europe first followed quickly by the US.
And while I agree that Liebour is the biggest proponent of these policies in the UK, the Cons have not been unwilling to follow their lead.LikeLike
-
“The unfunded liabilities of all US government programs amounts to more than all the money in the world”
That is the scariest point in the film, isn’t it? Only politicians pulling the levers of state power could even aspire to such a situation. Of course the economically-illiterate just think they can print more. Not that they are not trying. The sheer bloody hypocrisy of Romney accusing China of “currency manipulation” when the USA is systematically debasing its own currency in order to pay back its debts to China with bad coin, is a bravura display of political “neck”.
That sucker is going to fit right in with the other leaders in the “international community” isn’t he? I wish I could see some way for the American people to win the upcoming election.LikeLike
-
Marrk Wadsworth has done a few posts about quantitative easing which are worth reading.
LikeLike
-
The USA has a choice between a less-than-optimal candidate and a complete economic-illiterate candidate, one might slow the rate of decline the other will accelerate decline, hope they choose wisely.
Regarding currency debasement, I find this chart instructive and depressing http://dollardaze.org/blog/?page_id=00024 note it only extends to 2009, the current situation is much worse. While US is bad, debasement seems to be the favoured policy for most Western governments.
The ONLY thing North America has going for it are vast reserves of minerals and energy, if (when?) they blow-up their economy, they can at least restart by selling them. Europe will not have that luxury.LikeLike
-
It has to be said that the main reason that US government poverty eradication programmes have no effect on US poverty figures is that US measures of poverty take no account of non-cash poverty reduction schemes. And that, for various reasons, the vast amount of US poverty reduction is through non-cash schemes.
LikeLike
Your blogger
Tom is a retired international lawyer. He was a partner in a City of London law firm and spent almost twenty years abroad serving clients from all over the world.
Returning to London on retirement in 2011, he was dismayed to discover how much liberty had been lost in the UK while he was away.
He’s a classical liberal (libertarian, if you must) who, like his illustrious namesake, considers that
“…government even in its best state is but a necessary evil; in its worst state an intolerable one.”
Socials
Subscribe
Receive content by email
Latest comments
I miss the more traditional Anglican services that I remember from my younger years. I haven’t regularly attended church services…
I’m an optimistic person but also a practical one. We need to take action and waiting for some deity to…
I am not sure if you’re encouraging me to be more optimistic or not?
Ukraine isn’t really doing anything spectacular. The terrorists of the middle east have been using simpler kit for decades successfully.…
The Last Ditch by Tom Paine 
Leave a comment