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To: neolib who wrote (251329)6/1/2010 7:27:04 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
>>What sort of discipline would the state have in borrowing from the state bank they keep their assets in, which didn't charge them a market based interest rate?<<

why is this question always brought up when their is no fiscal discipline in the current system AND WE PAY OF BILLIONS IN INTEREST ON TOP OF THE LACK OF FISCAL DISCIPLINE?

how many schools could $1 billion fund?

assuming they act just as they do now, are we not better off saving the $100s of billions in interest for no added benefit to society?

the concept is that the people will enforce discipline via voting.

it hasn't worked in the current system and may not work in the new debt free money system, either.

but we need a system that can be theoretically stable over one that guarantees collapse. oh, and saving TRILLIONS IN INTEREST at the federal level is also a winner for society, too.