TakeAStepBack
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- Mar 29, 2011
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It was said that Ireland had all of those. How is that country faring?How can businesses thrive when there is so little consumer demand?
Free markets, low taxes, maximum freedom. Works every time!
OK. Watch the price of gold hit an all time high by this time next year. Gold will absolutely SOAR under QE3. Why is that?
That's because the value of gold increases in a low interest rate economy.
It indicates nothing more.
It was said that Ireland had all of those. How is that country faring?Free markets, low taxes, maximum freedom. Works every time!
With respect, I would suggest you're looking at the short term. After generations of high taxes and everybody on the dole, Ireland only recently began to make good economic decisions.
Ireland is reinforcing the principle of limited government and they place a high priority on fiscal discipline and achievement of a balanced budget. This is one reason why Ireland is ranked the 9th freest economy in the 2012 index, one AHEAD of the United States.
Ireland Economy: Facts, Data, & Analysis on Economic Freedom
It was said that Ireland had all of those. How is that country faring?
With respect, I would suggest you're looking at the short term. After generations of high taxes and everybody on the dole, Ireland only recently began to make good economic decisions.
Ireland is reinforcing the principle of limited government and they place a high priority on fiscal discipline and achievement of a balanced budget. This is one reason why Ireland is ranked the 9th freest economy in the 2012 index, one AHEAD of the United States.
Ireland Economy: Facts, Data, & Analysis on Economic Freedom
They still have an appalling economy. It doesn't look like that's going to change for a long time.
Heck, I wouldn't. I'd choose gold, myself, if only for the short term, just because I'm a bit of a gambler. That doesn't mean I worship at its feet.You sound like someone who will buy negative interest rate bonds. By all means! Go for it.
With respect, I would suggest you're looking at the short term. After generations of high taxes and everybody on the dole, Ireland only recently began to make good economic decisions.
Ireland is reinforcing the principle of limited government and they place a high priority on fiscal discipline and achievement of a balanced budget. This is one reason why Ireland is ranked the 9th freest economy in the 2012 index, one AHEAD of the United States.
Ireland Economy: Facts, Data, & Analysis on Economic Freedom
They still have an appalling economy. It doesn't look like that's going to change for a long time.
Perhaps, but it is ranked above the US. That's saying something.
They still have an appalling economy. It doesn't look like that's going to change for a long time.
Perhaps, but it is ranked above the US. That's saying something.
They are ranked by freedom and nothing more. If freedom means poverty, then I don't want freedom.
Perhaps, but it is ranked above the US. That's saying something.
They are ranked by freedom and nothing more. If freedom means poverty, then I don't want freedom.
I think we're getting way off track here. In any case, nice to chat with you. I remain convinced that monetizing the debt is very bad thing. At one point, so did the Fed!
[ame=http://www.youtube.com/watch?v=n6qo2S84r5w]Bernanke Lies Under Oath re: Monetizing Debt - YouTube[/ame]
Perhaps, but it is ranked above the US. That's saying something.
They are ranked by freedom and nothing more. If freedom means poverty, then I don't want freedom.
I think we're getting way off track here. In any case, nice to chat with you. I remain convinced that monetizing the debt is very bad thing. At one point, so did the Fed!
[ame=http://www.youtube.com/watch?v=n6qo2S84r5w]Bernanke Lies Under Oath re: Monetizing Debt - YouTube[/ame]
The issuance of bonds continues to this day due to Congressional mandate. In reality, our bond market funds nothing and serves only as a reserve drain which helps the Fed maintain its overnight target interest rate. It has nothing to do with funding the government. When the US government wants to spend money they do not call China and ask for a line of credit. They do not count tax receipts. And they most certainly do not call the Fed to ensure that we have any money left. No, the truth is that the USA never really has nor doesn’t have any money. So the entire implication that the Fed is helping to fund US government expenditures is entirely inaccurate and anyone who implies as much is still working under the now defunct gold standard model and clearly doesn’t understand the workings of the modern monetary system.
Read more: The Fed Is Not Monetizing The Debt - Page 2 - Business Insider
They are ranked by freedom and nothing more. If freedom means poverty, then I don't want freedom.
I think we're getting way off track here. In any case, nice to chat with you. I remain convinced that monetizing the debt is very bad thing. At one point, so did the Fed!
[ame=http://www.youtube.com/watch?v=n6qo2S84r5w]Bernanke Lies Under Oath re: Monetizing Debt - YouTube[/ame]
Oh, lookey here. I just found a fancy Business Insider article about how the Fed is, in fact, NOT monetizing the debt.
Click here for the first page.
The issuance of bonds continues to this day due to Congressional mandate. In reality, our bond market funds nothing and serves only as a reserve drain which helps the Fed maintain its overnight target interest rate. It has nothing to do with funding the government. When the US government wants to spend money they do not call China and ask for a line of credit. They do not count tax receipts. And they most certainly do not call the Fed to ensure that we have any money left. No, the truth is that the USA never really has nor doesnt have any money. So the entire implication that the Fed is helping to fund US government expenditures is entirely inaccurate and anyone who implies as much is still working under the now defunct gold standard model and clearly doesnt understand the workings of the modern monetary system.
Read more: The Fed Is Not Monetizing The Debt - Page 2 - Business Insider