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Its not you limit down its the ideas that you articulate and that are echoed by others in this thread. The level of thought is really superficial and inchoerent. To talk accurately about corporations, you have to understand that Public C-Corps, Private C-Corps, Private S-Corps, LLP's &...

Limitdown, You have your cart in front of your horse. Why do you want to command, on any basis of justification, when you could simply arrange structures so that what you want would happen naturally? People of whatever ideaolgical bent would be advised to look at taxes on the basis of how...

Misthos, that Economist article confuses issues considered in insolvency law, the law of bankruptcy with the issues that a sovereign would consider with regard to its obligations. The U.S. cannot subject itself to a bankruptcy proceeding, nor can any creditor of the U.S. demand any bankruptcy...

Piezoe, I appreciate that you took the time to review the issue of securities and ledger entry accounts and actually looked as part of the statute. I see that in the process you understand much of what I have been saying. But, there is that last area of disagreement. You suggest that that...

U.S. businesses are weak becuase, in substantial part, becuase of the way capital is taxed in the U.S. The main problem is the double taxation of corporate profits both at the company level and at the individual shareholder level (Company profits are taxed at 35% at the Corp level and then...

The reality of a U.S. Company doing business overseas is that it has to compete for that business with other International Companies and local companies in the foreign country. We are not talking about U.S. Companies that source manufacturing in China, either by contract or by thier own...

Piezoe, the issue of contention with Tefoil did not hinge on whether there was debt owed...the issue from the very beginning was whether there the debt was in the form of a Treasury Security or not and whether there is any difference. Perhaps the legal distinction is lost on everyone but it is...

Trefoil, I think our discussion is over, I have said all I can say. You simply won't admit that you said that Social Security was the largest holder of Treasury securities. That statement was misleading and untrue, and then when you tried to find these 'treasury securites' on the Social...

Trefoil, I think our discussion is exhausted at this point. You should talk to a lawyer about the legal status of Treasury Security compared to an internal accounting distinction in unified books. You have it backwards, the Treasury security has a legal status and the accounting distinction is...

Nazzdack and AntiTrust have the right idea, as Morganist knows. The key issue in monetary inflation, rather than mere price behavior, its the price of assets. In order for asset inflation to take hold private credit must be expanding in the aggregate... because the actual dyanamic at work in...

Prometheus has the larger issue right. Trefoil, our disagreement was over your false statement that "Soc. Security is the largest owner of U.S. Treasuries." You can see your statement in this thread. My response was to question your source for that assertion. In your response you admitted...

Trefoil, yea I worked at a bank too. You sound like you are trying to justify why robo signing is OK even though it is perjury to the court. I love this, you say that Soc. Security is the largest holder of Treasury securities...I call you on it and ask for a cite, then you admit that it is not...

trefoil, the relevance, the 'difference it makes', is that you knew it was book entry of debt but you wrote that Soc. Sec. was the largest holder of U.S. Treasury Securities. That is not true. The Soc. Sec. has something short of an asset, an i.o.u.?, but not actual securities...and the...

Can you verify that Social Security actually holds Treasury Securities? My understanding is that all Social Security has is an account entry that the money is owed to it by the Treasury, but there are no actual securities on the Soc. Sec. balance sheet. Which is it?

Ghost of Cutten's assertion that taxes can be raised because thier aggregate is below the point of no return on the Laffer Curve and his further assertion as evidence that European Countries collect revenue from taxes at 60% of GDP has a couple of problems. First, there is no citation for the...

It all comes down to what you think about the future...how you discount the future...will it be better or will it be worse...why? All your notions of present value depent on this forsight...what we hold as valuable now depends so much on how we view the future.

Clacy, your post above was so true I wanted to put a flame thower to all the other tripe I see in these posts. You go it right on the nut. This whole poilitical confusion will turn our whole crop of private school college graduates into sou chefs. I don't mean to disparage Sou Chefs as I...

If the issue is scarce resource then why is it that the countries with the most natural resources are not the most wealthy and most powerful. Is the there some other resource that is more important that is scarce?

Martinghoul, things like unharmonized tax structures, different vat taxes and segmented markets should not properly be considered 'inflationary' per se, even if they do have some impact on price behavior. That was the whole point of my previous post. This matters becuase the perception of what...

Maringhoul, thanks for the info on the data. I suspected that the variance could be in the measure itself. It is important to distinguish between the index we use to measure inflation and the idea of inflation itslef. 'Inflation' is ofter confused with price change as measured by such flawed...