« previous next »
Pages: [1]   Go Down

Author Topic: The Debt is a Non-Issue  (Read 826 times)

0 Members and 1 Guest are viewing this topic.

Offline Weisshaupt

  • Conservative Superhero
  • *****
  • Posts: 5733
The Debt is a Non-Issue
« on: January 31, 2012, 05:26:40 PM »
Mike Norman: 'US debt is a myth!'

The Neo-Keynesian argument. You see, we can always print more, and we control the interest rate, so nothing bad can  happen. We will always be solvent - or at least until you spend beyond our ability to produce, but we have so many unemployed we aren't even close to that happening.  WTF?

Logged

Offline IronDioPriest

  • Administrator
  • Conservative Superhero
  • *****
  • Posts: 10829
  • I refuse to accept my civil servants as my rulers
Re: The Debt is a Non-Issue
« Reply #1 on: January 31, 2012, 05:36:42 PM »
These are the ones who will wail and gnash their teeth most vociferously when their world is yanked out from under them.
Logged
"A strict observance of the written laws is doubtless one of the high duties of a good citizen, but it is not the highest. The laws of necessity, of self-preservation, of saving our country when in danger, are of higher obligation. To lose our country by a scrupulous adherence to written law, would be to lose the law itself, with life, liberty, property and all those who are enjoying them with us; thus absurdly sacrificing the end to the means."

- Thomas Jefferson

Offline John Florida

  • Conservative Superhero
  • *****
  • Posts: 10059
  • IT'S MY FONT AND I'LL USE IT IF I WANT TO!!
Re: The Debt is a Non-Issue
« Reply #2 on: January 31, 2012, 06:26:24 PM »
  So if that's right I can pay in imaginary dollars instead of real dollars?
Logged
All men are created equal"
 Filippo Mazzie

Offline michelleo

  • Full Member
  • ***
  • Posts: 323
Re: The Debt is a Non-Issue
« Reply #3 on: January 31, 2012, 09:41:38 PM »
Quote from: IronDioPriest on January 31, 2012, 05:36:42 PM
These are the ones who will wail and gnash their teeth most vociferously when their world is yanked out from under them.

....and scream, "You did this do us! On purpose!"
Logged

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 64056
  • Alea iacta est! Libertatem aut mori!
Re: The Debt is a Non-Issue
« Reply #4 on: February 01, 2012, 07:23:38 AM »
Quote from: John Florida on January 31, 2012, 06:26:24 PM
 So if that's right I can pay in imaginary dollars instead of real dollars?

Yes, just give them IOU's based upon future income that may or may not come in, depending on your own debt service needs.  Let me know how that works out for ya!

And Weisshaupt, as far as the "The Neo-Keynesian argument. You see, we can always print more, and we control the interest rate, so nothing bad can  happen." goes, it jives with my "Paper, paper, paper!" comment on your "New Debt Graphs" thread!  Issue more paper, print more money, paper solves all!

/

These Neo-Keynesians will ruin us all.  But trying to convince a majority of people of that appears to be just a tad difficult, eh?

 ::unknowncomic::
Logged
We are now where The Founders were when they faced despotism.
Pages: [1]   Go Up
« previous next »