Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

"Absolutely not. If it were up to me, the Treasury Bills should be defaulted, so nobody will ever dare to lend to the government ever again. Sovereign debt is fraud. It is no different from if I took out a loan on your house, and you have no say in it, and we don't even know each other. High unemployment is the result of labor laws and regulations; if the labor price can freely fluctuate, the market should clear at some point, whatever it is. Sure, the nominal income may be lower, but the cost of living (i.e. hiring someone else to do things for your in return) would also be lower. Widows and orphans being reduced to eating catfood is usually the result of robbery by the government through hyperinflation (in order to bail out the fat cat fractinal reserve bankers driving Maseratis). Government can print money, but it can not print food."

well, tearing it all apart and starting again from scratch is also, i think, not an option. this is an interesting time. less because of what they'll all be doing now to patch things good enough to get through the immediate crisis. but there will be significant change afterwards.

of course, LG always used to say "think like a criminal". if i were thinking like a james bond villian i'd think this is an ideal time for a large scale terrorist attack. if that were to happen, you may indeed get the chance to rebuild the financial system from the rubble.

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anyway, thanks for the vigorous debate, brighness! you keep me on my toes and it was fun. i'm gonna go dancing now

g'nite.