Market VS Government and $Xtrn stimulus

london88

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The complexity of the current situation has a thousand problems, channels, agents, and motives but looking back in history there are a few people who truely understood what a dichotomy we all live in and unfortunately we have been blinded by the greed of prevailing instituions of the time...Empire, Church, Court, Education, Business, Politics...

"I place economy among the first and most important virtues, and public debt as the greatest of dangers … We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy." - Thomas Jefferson

"The issue is always the same: the government or the market. There is no third solution.” - Ludwig von Mises

Where does that leave us in the current situation. The solutions being tried and tested or previously experimented with are numerous from the Swedish Banking Crisis Response, the Japanese Response, our very own deregulation (1986) and subsequent nationalisation (2008), stimulus packages, quantative easing. These are all very well in the face of growing political concern with regards to our "free market" economy but has a serious though been given to US, me and you the people. I very much doubt it. Looking again in history and the economics of Ludwig von Mises we can see another problem:

“Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.”

What does this say about the current solutions being implemented?
What is the outlook for future generations and their tax burden? (I am only 24 :cry:)
What is a trillion? Why so many 0? Are we going to be talking about Quadrillions and Infinity soon?
 
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