Re: Would Issuing Perpetual Bonds Help Out the National Debt?


The Ghost In The Machine wrote:
In sci.econ, Zerge
<zerge@xxxxxxxxxxx>
wrote
on 20 Oct 2006 09:45:46 -0700
<1161362746.741783.124720@xxxxxxxxxxxxxxxxxxxxxxxxxxx>:

If the USG can earn money at
a rate of 5% semiannually

Governments don't earn money, they tax it from you. Governments as a
general rule don't produce wealth, they only manage it (or MISmanage
it).


So OK dumb question. Why do we need government at all?

Governments are necessary evils because without them to give us law and
order we would be nothing but warring bands of naked monkeys.
It's not a binary decision: YES government vs. NO government. The
question is HOW MUCH government. Too little, and there's chaos. Too
much and the whole economy bogs down in bureaucracy.

.

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