Saturday, October 29, 2016

Should be embarrassed, but not smart enough to realize it

"All taxes are theft and should be abolished? That means police, firefighters, the entire justice system, the military, all public infrastructure like roads and bridges, etc. should be funded through private donations? All those generous, philanthropic Americans out there would just graciously donate money to these groups even without a tax deduction (since there would be nothing to deduct from)? That sounds like the apocalypse, and would go over like a lead balloon. But at least the 'taxes steal our money' argument would disappear because there would be no Treasury or U.S. Mint to print the money we use. There will be no Federal Reserve either, so who's going to set interest rates, people on Wall Street? The SEC? Haha! Within a decade we'll be back in the Middle Ages trading chickens for grain. Sounds awesome. And don't tell me we could just privatize the Department of Treasury since that idea is so inherently flawed that the premise itself is illogical."

This is the so-called "thinking" of a statist. Posted without shame and free of irony on social media.

The flaws in his premises are so obvious they don't even seem worth pointing out. Feel free to do so anyway, in the comments. And they are numerous. Every scenario he apparently fears is based on an utter misunderstanding of how reality works, and what the bullies of "government" do.

I'll address just one of his delusions: money.

Money requires no government. If people want it, they will create it- without a "Federal Reserve" or a "Treasury Department" making bad money and ordering them to use it. And people WILL want money for most trades. I guarantee it.

Interest rates don't need to be "set" by anyone- they'll find their balance. Interest rates are like any other price. The market will find a price range, depending on many factors. If the "people on Wall Street" decided on an interest rate that was not in line with the market for money, anyone anywhere could compete with them, and beat them. It takes a government to protect a monopoly.

It should encourage you to know this is what we are up against. This is how the brighter-than-average statist on the street thinks. It is also how most of those who work for government think. And this is why they will go extinct. Sure, right now they have the drop on us. They have more guns and an open season on us. That situation won't last. I don't know when it will end, but it will end.

Bide your time. Prepare. Learn. Think. Educate. Speak up in private conversations and anywhere you believe it might have an impact. There is a change in the wind, and I can smell something new.

This blog, like all of, is reader supported. Thank you.

(Steemit link)