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Politics : Libertarian Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: I Am John Galt who wrote (320)	7/1/1998 11:03:00 AM
From: MeDroogies	Respond to of 13060

Government is not a business...and while some principles of business apply at a micro level, at a macro-level it would fail miserably as a bona-fide business. Perot is a fascist. Ever wonder about his "giant sucking sound"? Ever wonder about the "plots" that were supposedly hatched against him at GM, by Bush, by people in the Navy? The last time I read paranoia like that, it was in Mein Kampf.

To: I Am John Galt who wrote (320)	7/1/1998 2:08:00 PM
From: Daniel W. Koehler	Read Replies (1) \| Respond to of 13060

matty Re: Forbes and the Gold standard. You really need to read your economic history. Fiat money such as we have now helps government to debase the value of the currency. Fiat money enables government to expand without limits because it can issue unlimited debt. The gold standard forces the government to limit the amount of debt is can issue to some fraction of its gold reserves (or whatever commodity to which you wish to peg the currency). It also allows consumers redeem paper for specie, which has a commodity value. As an exbanker and student of economics, Forbes' idea has great appeal because it would limit government's power of the purse and thus limit its power to meddle further in our lives. Ciao, Daniel