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| Sep 22, 2009 2:02 am |
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re: re: re: Reforming the banking system? |
Thomas Holford
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Thorbjoern sayeth:
"-- how about some innovative ideas for a change? On the Innovation Network..."
OK. Here goes.
1. Audit the Federal Reserve as Ron Paul and many others have suggested.
2. Identify how much wealth they have sucked out of the American economy in the last 90 years.
3. Identify the perpetrators and give them the Oliver Cromwell treatment: execute them, behead them, bury them, try them, dig them up, execute them again, and then put their heads on pikes outside the gates to Washington, D.C.
4. Establish a free market monetary system, with clear, simple, straightforward rules, and minimal regulation.
5. Eliminate corporate taxes and capital gains taxes, and implement a simple flat tax system.
6. Get out of the way and watch the explosion of economic growth.
Or, we could ask Jimmy Carter what Leonid Brezhnev did to make the Soviet Union such a vibrant economy, and then do that.
T. HolfordPrivate Reply to Thomas Holford (new win) |
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