No we can't have that! The elitists know what is best and all you peasanties can just shut up about the founding fathers...they had slaves!...so we can just throw out their ideas. We have to be smarter than them because we elected chicks to congress, and we have a half black pres.
I'm finding your courage inspiring. I don't think you have to have a degree in economics to have ideas to talk about in sports forums, do you?
Do you think the principle of internet dominance is justified by the necessity for Statist norms?
I guess some of these dudes are worried Hopper is gonna show up again. Gosh they even sorta try to wrap their minds about that scary scary scary scenario.
Well, since you are not an economist, and I at least have read a variety of economists including Robert L. Hielbroner's
"Primer on Government Spending" as well as a few paragraphs of Ludwig von Mises, perhaps I can help you out.
It's all psychological human behavior. If the gov can keep a carrot in front of the hamsters in their cages so that they can just keep running towards it, all is well. We roll outta bed and join the chorus of "I owe, I owe, so off to work I go", and we keep electing the same folks who keep printing more money. Life is good, we pay back yesterdays debt with todays dollars. We ride the balmy inflation wave and as most businessmen know, a rising tide floats all boats.
Heilbroner in his
Primer explained how deficit spending runs the engines of commerce and keeps everything going. The gov just prints money, and some folks jump at it, work their little legs furiously, and spin the cylindrical cage real fast.
However, I know some young kids who are starting to wonder how they will fare in their future, with all that debt on their shoulders to begin their worklives with.
So how about the down side to all this wonderful spending? Gov largesse stimulating the economy carries some inefficiencies in its mechanism. They create demand, yes, but for what. What will folks spend their energy doing? Gov spending opens up one class of jobs, and ultimately has to derive taxes from everybody to pay the interest on the debt. Printing fiat currency means when you go to buy a car or a house, or a can of beans, there's a lot more money showing up in the market competing for the product, and we pay more for it.
Gov spending like this is a sort of tax on our future. It makes the money we're earning mean less when we try to buy something later on. A house I bought in 1975 would sell today at six times the price I paid. Meaning in effect, the next person who wants to buy it will have to pay a tax called inflation. Well, if we can keep inflation going maybe they'll feel alright in thirty five years when it's paid for and supposedly worth six times as much again. Until they sell it and have to pay all that "capital gains" on it. Well, if we keep the tax exemption on the specific capital gain on a primary residence, provided we move the sales price into another house, I guess we are alright. Except these kinds of price movements really make us all just a whole lot more inefficient in our decisions and actions. People avoiding doing the most convenient or best thing to avoid taxes. . . .
What I see is a lot of people today struggling to keep up some sort of security, with wages going down as a result of world trade treaties and job flight overseas, and wages are not keeping up very good with our expenses. No, I really don't think what we're doing is really working. . . . at least not in our interest.
I don't think SirKicky is gonna be there to help you when you get caught between that debt and your shaky little job that somebody in Bangladesh will do for mere pennies. So if it's not alright to question authority in a sports forum, I'm thinkin it might just be more worthwhile movin' on down the road.
