The Ethics of Repudiation | Mises Daily

… In summary, as a taxpayer, you did not borrow the funds, you did not spend the funds, and you have no moral obligation to repay the funds.

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Rothbard’s recommendation: “I propose, then, a seemingly drastic but actually far less destructive way of paying off the public debt at a single blow: outright debt repudiation.” Repudiation is not only a sound economic solution to our fiscal crisis, but it is also the morally correct solution. Rothbard’s more detailed proposal, which was a “combination of repudiation and privatization,” should be considered a blueprint for an effective debt-reduction plan. As Rothbard argued, such a plan “would go a long way to reducing the tax burden, establishing fiscal soundness, and desocializing the United States.” As an added bonus, default would be as effective, if not more effective, than a balanced budget amendment, in reducing the likelihood of a future re-occurrence of the problem.

But “[i]n order to go this route, however, we first have to rid ourselves of the fallacious mindset that conflates public and private, and that treats government debt as if it were a productive contract between two legitimate property owners.” The commentary by Hummel and Henderson are evidence that some are seriously addressing this issue, alas, after over a 20 year lag….

via Mises Daily.

Separation | Ol’ Remus & The Woodpile Report for 2/26/13

DC has always been distant from the people. Apart from the IRS and the draft, they were “the other” we read about in the papers, running gangsters and spies to ground, getting the interstate built, fighting wars and generally looking out for the Little Guy. We believed they were the Big Picture People doing things on the largest scale on behalf of all who worked hard, lived responsibly and stayed right with the law. DC was the captain and crew of our mighty ship, alert and sure, cutting cleanly through heavy seas and turgid morass alike, while their grateful passengers shuddered at the hardship and horrors beyond the delights of the endless buffet on the promenade deck. Continue reading

Ann Barnhardt on the goings on in the Vatican | Barnhardt.biz

…The 300 page dossier by the three cardinals on the homosexual mafia and the homosexual cardinals WILL BE READ ALOUD AT THE CONCLAVE in the presence of ALL of the voting cardinals with NAMES NAMED after the oath of secrecy is taken.  These recent resignations of cardinals may very well be the sodomites running scared.

And yes, the Vatican sodomites are tied to the Vatican bank. Are we really shocked that sexual perversion and financial crimes are linked? You people who are STILL falling for the “what people do in their sex lives doesn’t matter” meme have got to wake up.

Sex, be it homo or hetero, DOES MATTER. Bill Clinton’s escapades with Monica DID MATTER, because if a person can operate in the realm of sexuality with zero morality, shame or remorse, what do you think that implies about their business dealings, political dealings or their general psychological state? Sexual perversion and promiscuity are directly correlated to sociopathy and psychopathy. Sane people don’t treat other people like pieces of meat. Sane people don’t treat themselves like pieces of meat. Sane people regard other people as subjects, not objects. Sane people have consciences. Sane people have standards of decency and are repelled by sexual perversion…

via Barnhardt.biz – Commodity Brokerage.