US History Questions-

I organized my previous questions to make it easier. Thanks to everyone whose answering!

1)New question: with the talk of Bush tax cuts and the richest 1% with all the money- what is the Libertarian stance on this? Isn't the reason for the consolidation of wealth is due to the Federal Reserve

2)How would the Libertarian movement respond to the rising prices of college and furthering education?

3)Did Hoover react well during the Stock Market crash worsening economy?

4)What does the Government do if the dollar, and the world economy, does collapse?

5)If unemployment was at 25% during the Depression, and it's now at 10%, how can this economic crises be seen on that level?

6) Do tax dollars going to lawyers that represent poor criminals make us a more non-free market system?

in a free conomy limited to a constitutional role....there is no more income tax nor social security tax...

that puts a lot more wealth in our hands....money we can use to take of ourselves and reinvest in the private economy...


have a look at www.tomatobubble.com for simple answers to your questions about money and currency
 
6) Do tax dollars going to lawyers that represent poor criminals make us a more non-free market system?

There are many problems with the injustice system. Lawyers are a big problem with it.
Prosecutors are a HUGE part of it.

Entirely too many laws are a root cause.
It would have to be scraped and rebuilt to even accommodate a free market.
 
I organized my previous questions to make it easier. Thanks to everyone whose answering!

1)New question: with the talk of Bush tax cuts and the richest 1% with all the money- what is the Libertarian stance on this? Isn't the reason for the consolidation of wealth is due to the Federal Reserve

In the richest 1% there are 3 types of people. 1) People who have inherited their wealth. A high income tax tax doesn't really affect them since their annual earned income is a very small portion of their overall wealth. 2) Corporatist who are in bed with government. These people don't really care about a high income tax because their relationship with government gives them an edge over their more honest competitors. 3) People who earn their wealth by providing goods and services to consumers at a quality and price that is mutually beneficial. The expiration of the Bush tax cuts would hit these people the hardest.

A libertarian isn't directly concerned with the distribution of wealth as long as such distribution comes about without coercion. What they care about is that the wealth of every sector of society continually increases and this is only possible in a free market system.

2)How would the Libertarian movement respond to the rising prices of college and furthering education?

Just as water flows down hill, inflation flows to sectors highly subsidized by government. It flows to sectors that get their hands on freshly printed money first. The rising prices in education, health care, and real estate (before the bust) can be directly tied to the strong government intervention in these sectors.

3)Did Hoover react well during the Stock Market crash worsening economy?

No, Hoover intervened.

4)What does the Government do if the dollar, and the world economy, does collapse?

Legalize competing currencies and don't try to help (in the way they are wont to do.)

5)If unemployment was at 25% during the Depression, and it's now at 10%, how can this economic crises be seen on that level?

The current Great Recession is not as bad as the Great Depression, but it is pretty darn bad. Unemployment was measured differently then from now so comparing their 25% to our 10% is apples to oranges. Hit up google for the technical difference.
 
because when you factor in those who are discouraged and quit looking...and those who are working part-time but want to work full time....the actual unemployment rate is close to 20% (confirmed by weekly Gallup polls)..

The U-3 number of 9.7% we hear in the news is a bullshit number.

But how do we know that the reported number was 25 in the GD but the real number wasn't something like 40?
 
Bump.

How do countries (such as the US) receive illegal drugs from very poor nations thousands of miles away?
 
Still doing my answers but, as I read the questions; the closer I got to the end the more angry I became at the person asking them.
 
My teacher says when you privatize industry, such as DMV, you cant complain about problems or bring issues up to anyone. She spent hours at DMV the other day because their computers went down, and they didnt want to do things manually, so they locked the doors and kept people out. And she brought it up because I talk about the privatization of government agencies a lot, but i thought DMV was government run?
 
My teacher says when you privatize industry, such as DMV, you cant complain about problems or bring issues up to anyone. She spent hours at DMV the other day because their computers went down, and they didnt want to do things manually, so they locked the doors and kept people out. And she brought it up because I talk about the privatization of government agencies a lot, but i thought DMV was government run?

She is, of course, exactly 180 degrees wrong. The service sucks because you have to go there. There isn't a different business you could take your business to.

It sounds as if she's bought into the lie that the ONLY way to get what you want is by voting, by "the democratic process". When she hears "private", she just thinks that there will be some single rich person or board of directors that get to make all the decisions, and would listen to no one else, like she would. Instead it is private business that must more dearly listen to their customers, because they can leave at any time.

Ask her if, given the option, she would choose a different DMV service provider. That's what libertarianism is. Whenever someone complains about the Post Office, the Roads, Police, War, Welfare, Medicare, etc., etc., turn around and ask them if they want to switch ______ service providers (e.g. postal, roads, security, charity, etc.). Libertarianism isn't so much about privatization as it is competitiveness.
 
Last edited:
Question: college tuition rises because government subsidized loans that are available to students at low interest. But what about federal assistance that does not need to be paid back? Does that contribute to higher college costs, or is the free money to families just increasing the money supply and therefore inflation?
 
It does contribute to higher college costs - if students get this "free" money there would be less demand to attend college, and with less demand you'll get lower tuition prices. There need not be inflation to dish out this free money, the redistribution of this wealth can come solely from taxes. But since the the federal government never balances its budget, federal assistance does contribute to inflation (taxation w/o legislation) to some degree
 
Question: college tuition rises because government subsidized loans that are available to students at low interest. But what about federal assistance that does not need to be paid back? Does that contribute to higher college costs, or is the free money to families just increasing the money supply and therefore inflation?

Yes, any money that is taxed away from some people and given to others (like federal college assistance) will distort the market for that good by giving the student who receives it more buying power than they otherwise would have had. This drives up the cost of college for everyone.

Also, because of tax subsidies to colleges, college has become WAY too popular. Too many 18 years olds go on to college. Many of them use their 4 years to learn less than marketable skills while still running up student loan debt. Government has distorted the market for education to an incredibly high extent, meaning that we could realize huge economic gains simply by getting the government out of the education business.
 
Back
Top