Comments on: THE TREND IN RETAIL SALES IS WEAKENING http://pragcap.com/the-trend-in-retail-sales-is-weakening Sun, 12 Feb 2012 11:38:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: isxcowpoke http://pragcap.com/the-trend-in-retail-sales-is-weakening/comment-page-1#comment-18975 isxcowpoke Sat, 12 Jun 2010 01:16:33 +0000 http://pragcap.com/?p=22533#comment-18975 I AM SO TIRED OF THESE DUMB ASS (oops sorry, left the caps on) consumer sentiment reports that were designed 50-60 years ago that call 500 people. hell, can't some face book google creating genius make a simple IPHONE app that allows people to simply rate the state of the economy on a 1 to 10 scale based on the guy/gals vote at the next gas pump over? I AM SO TIRED OF THESE DUMB ASS (oops sorry, left the caps on) consumer sentiment reports that were designed 50-60 years ago that call 500 people.

hell, can’t some face book google creating genius make a simple IPHONE app that allows people to simply rate the state of the economy on a 1 to 10 scale based on the guy/gals vote at the next gas pump over?

]]> By: F. Beard http://pragcap.com/the-trend-in-retail-sales-is-weakening/comment-page-1#comment-18972 F. Beard Sat, 12 Jun 2010 00:42:39 +0000 http://pragcap.com/?p=22533#comment-18972 Some people speak of reflation as a solution but that can be quite difficult to achieve in practice. Should the government hire vast numbers of hole diggers and fillers to gin up price inflation and a wage-price spiral? Well, there are potholes to be fixed and bridges to be rebuilt but in general government wastes resources, so no, that is no solution as Japan demonstrates. How to achieve reflation then? The solution is radically simple but it gives away the looting game that is government backed fractional reserve banking in a government enforced monopoly money supply. That solution is to bailout the borrowers and savers with newly created, debt free legal tender fiat that is just GIVEN, not lent to the population. The long term solution, as any true libertarian intuitively knows, is true liberty in money creation and acceptance. That would involve the repeal of legal tender laws, the abolition of the capital gains tax, the allowance of private money supplies, the abolition of government deposit insurance, etc. Shall we get prudently radical, based on principles of justice or shall we let things get out of hand and risk unprincipled, dangerous solutions? Some people speak of reflation as a solution but that can be quite difficult to achieve in practice. Should the government hire vast numbers of hole diggers and fillers to gin up price inflation and a wage-price spiral? Well, there are potholes to be fixed and bridges to be rebuilt but in general government wastes resources, so no, that is no solution as Japan demonstrates.

How to achieve reflation then? The solution is radically simple but it gives away the looting game that is government backed fractional reserve banking in a government enforced monopoly money supply. That solution is to bailout the borrowers and savers with newly created, debt free legal tender fiat that is just GIVEN, not lent to the population.

The long term solution, as any true libertarian intuitively knows, is true liberty in money creation and acceptance. That would involve the repeal of legal tender laws, the abolition of the capital gains tax, the allowance of private money supplies, the abolition of government deposit insurance, etc.

Shall we get prudently radical, based on principles of justice or shall we let things get out of hand and risk unprincipled, dangerous solutions?

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