Yay Canada!

[The One and Only...]

Originally Posted by mburbank

And One and Another... You do see a difference between being LP and being an anarchist, right?

Ya. I'm not an anarchist: there are too many inconsistancies.

Despite what you may think, I don't have a problem with a lot of the New Deal i.e. health regulations, etc. What I do have a problem with is:

- Prevention or delay of liquidation.

- Continuing inflation.

- Keeping wage rates up.

- Keeping prices up.

- Stimulating consumption and discouraging savings.

- Subsidizing unemployment.

- Government monopoly in currency production.

- Central banks in general.

- So called "fractional-reserve" banking, which should be classified as fraud. The other option I suggest would be indicating through contract what fraction of money put into the bank could be immediately withdrawed.

- The elimination of the gold standard, although if a commodity could be found that varied less than gold, I would suggest using it as the standard.

Were I to accept a flat monetary system, the law would have to prevent the amount of money in circulation from changing drastically - as it is now, the government has the option to print a billion dollars for practically no cost.

You can thank Rothbard for enlightening me, as well as several other libertarian thinkers.

I also believe a lot of problems can be solved with strict property rights. Take, for example, the pollution of air by industry. Air must be classified as public property; therefore, polluting it should simply not be tolerated, just as how we cannot litter on the highway. In addition, we must get rid of sovereign immunity.