First, Federal deficits do NOT necessitate the issuance of interest bearing debt. The issuance of interest bearing debt is a voluntary policy...
How do Federal deficits "steal" from our own future/grandchildren? What exactly is being stolen & how? It's also a concept you have yet to...
As granted, defined & enforced by whom?
What? There is, in fact, a budget.
You obviously don't understand the Interbank Rate. It is the rate at which banks lend their excess reserves to other banks. If the banking...
Monetary policy is normally limited to setting a target rate & conduct Open Market Operation to ensure base interest rates remain at that target...
On the contrary, CBs conduct open market operations (adding or draining reserves) to ensure base interest rates remain at that target level....
SS has administrative costs of 0.7% of benefits. Compare this with 15.4% for Chiles privatized fund & 40% for private life insurance companies....
The debt ceiling doesn't negate the need for a budget. It is a bizarre law that restrains the Treasury from paying for expenditures that have...
Are you serious? Medicare & SS are incredibly efficient. Administrative costs in Medicare are only ~2% of operating expenditures. The...
I don' know that they are. But regardless, I said the "idea behind".
Yes. What does it have to do with the comment it is responding to?
How can you say that Property Rights & Contract Law don't require government intervention? Is it not government intervention that defines,...
Really? I'll need some evidence for this. What evidence can you present to support this claim?
This is one of the dumbest ideas I've ever had the pleasure of hearing.
A trade deficit means the nation got more than it gave. A trade surplus means the nation gave more than it got. I don't know about you but I...
I think you are referring to the Libor scandal. LIBOR (London Interbank Offered Rate) is NOT the Interbank or Overnight Rate. Two completely...
The Interbank Rate only rises when the Fed makes it rise.
I was confused but, regardless,` I meant what I said. No. Not if commodities requiring little labour constitute the bulk of exports....
Why do you assume interest rates will rise?
No. Sometimes a the benefits of trade surplus outweigh the losses. A trade surplus can enable a nation to increase its productive capacity & its...
They receive Economic Rents.
Under an Economic Rent Tax, the hedge fund manager would, without a doubt, face a tax burden significantly larger than a family farmer.
Why not look it up yourself. I'll help, start with Wikipedia. Economic Rent Land Value Tax
Land rents are but one form of economic rent. An Economic Rent Tax would tax all forms of economic rent including land rents. An Economic Rent...
Separate names with a comma.
