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To: E. Charters who wrote (20209)9/5/2006 2:56:26 PM
From: Metacomet  Read Replies (1) | Respond to of 78408
 
I'll just butt in here...

"Is there a money-distribution mechanism that will without draconian Roman regulations disallow inflation and allow real growth and innovation? Or are we doomed to be controlled in our progress by the boom-bust that interest rates and money printing deficit spending governments have seemingly condemned us to? Is the issuance of money inherently a system that invokes the tragedy of the commons, or is it controllable by some means?"

Seems to me that the dependent variable in this dilemma is, to a large extent, tax policy.

At least that is the underlying wild card in the US.

A system of fair taxation could go quite a ways toward ameliorating the political weapon of selectively screwing or rewarding the various constituencies, which could then facilitate a more realistic, market driven economic result.

To that end, this proposal has considerable merit IMO.

apttax.com

Of course such an approach removes some of the politicians most powerful tools of incumbency and is destined to die in obscurity.

Absent:

1. Campaign finance reform

then;

2. Term limits....