Return to the idea of a federal government with specifically enumerated powers that can meddle in nothing else. Then you'd see the resurgence of the American dream.
I've yet to hear a libertarian get anything totally right.
But you're "totally right"? You'll have to back up with logic, reason and specificity.
I'm not 'willing' to do any such thing. The power banks hold has nothing to do with free markets and everything to do with central planner meddling. In this case, the Federal Reserve. Libertarians have long called for ending the Fed. The Federal Reserve enacts central price controls, which are never a good idea. They control the price of money (the interest rate), while suggesting they're goal is to 'control' inflation. That's bullshit. They don't control inflation, they cause it. For example, a widget that cost $1 in 1780 cost $1 in 1913, before the Fed was created. In other words, the market saw some products and services rise in price, others decreased. Overall, inflation was flat.
Since 1913, that widget that cost $1 in 1913 now costs nearly $24! The Fed caused that...and that kind of inflation is the most regressive tax of all.
End the Fed.
In the sense that the price of money "should" be determined by free market supply and demand, yes.
No libertarian wants to "kill" the government. That's anarchism. We simply want the government to restrict it's power to the specifically enumerated powers in the Constitution.
If you think giving even more money to a government that long ago exceeded its powers is the answer, I'm not sure I can help you.
I've already addressed libertarian's position on the 'bank run economy'. However, that does not change the fact that SS is a Ponzi scheme that, like all Ponzi schemes, is destined to fail. Ponzi schemes only work as long as more and more people contribute money into the program, so that early investors can get paid. The problem with foisting such a plan on an entire country is that the citizens would have to produce increasing numbers of taxpayers over time. That never happens in a society that is advancing in modernity and economic success. Such societies have FEWER offspring, not more. Look to failing, third world nations for families that have lots and lots of children.
However you look at it, SS has failed. It's broke, and the idea of taxing us even more to resurrect a bad idea.
Now you're spewing Marxist nonsense. There is no Constitutional mandate, nor moral justification, to force some citizens to labor on the behalf of others. That kind of economic slavery must end. If you wish to assist someone else's family, write a check, start a charity or lend a hand. Forcing others to do so, with the threat of incarceration, is immoral.
Further, you must look at the actual results of welfare, which began in earnest in the late 1960s with the so called 'great society', the goal of which was to end poverty. In the decades prior, the rate of poverty was dropping precipitously, with no federal spending on welfare. Since then, after spending trillions of dollars, the decline in poverty ceased and has in fact increased! The fed's attempts to end poverty have actually made the problem worse!!
People with your revulsion for 'welfare' just don't care whether people need help or not. You're not a part of the team, you're a scavenger raiding the garbage bin late in the night. And, besides, this country is already one of the stingiest on the planet by almost every measure.
Bullshit. As I've proven, when charity was a voluntary choice, poverty declined. When the central planners mandated it, poverty increased. Libertarians care deeply about those that are having a tough time. We simply believe VOLUNTARY actions produce superior results than force. And you're wrong about American stinginess. Whatever socialist garbage has influenced you, I strongly suggest you find other sources of information and economic thought. Try Mises, Hayek or Friedman to start.
Before you get on your high horse, no, I don't think much of lazy bastards unwilling to do their part. But I don't count those willing to keep people poor, so that they'll be available to work cheap, as any kind of hero either. They're just as much crooks as the guys in Congress no matter how rich they get.
First, you should understand what it means to be poor in America. Our poorest citizens rank in the 84th percentile of world wealth. That's right, our poor are comparably rich! So much for stingy Americans. Further, no libertarian is "willing to keep people poor". We believe free markets and voluntary choice produce superior wealth for EVERYONE. Just look at America before the Progressive era began 100 years ago when more poor became middle class and more middle class became rich than at any time in history. The central planners were just sure they knew better. 100 years later, we can see just how wrong they were.
If you're truly interested in understanding just how detrimental are the ideas of central planning, more taxes, and entitlement programs, you might consider these works:
The Road to Serfdom: Text and Documents, The Definitive Edition by F. A. Hayek | 9780226320557 | Paperback | Barnes & Noble
Liberalism / Edition 1 by von Mises | 9780865975866 | Paperback | Barnes & Noble
A Monetary History of the United States, 1867-1960 / Edition 1 by Milton Friedman | 9780691003542 | Paperback | Barnes & Noble
End The Fed by Ron Paul | 9780446549172 | Paperback | Barnes & Noble
No, They Can't: Why Government Fails-But Individuals Succeed by John Stossel | 9781451640953 | Paperback | Barnes & Noble
