tag:blogger.com,1999:blog-22657443.post1473501741828152218..comments2023-12-31T03:18:37.403-06:00Comments on "E pur si muove!": Economically and Morally, Public Debt is DifferentLester Hunthttp://www.blogger.com/profile/14746157071827337723noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-22657443.post-85173121381180033282009-03-11T22:23:00.000-05:002009-03-11T22:23:00.000-05:00Matthew,Thanks! For many years my late father wou...Matthew,<BR/><BR/>Thanks! For many years my late father would always give each of his grandchildren a US bond on her/his birthday. I always meant to ask him why, given his curmudgeonly anti-government views, he did that. Probably the answer is that government regulations make every other sort of investment difficult to do, and make this one easy. Hm. I wonder why?<BR/><BR/>Anonymous,<BR/><BR/>I keep getting a post from someone claiming to be you. In the latest version, it starts:<BR/><BR/>"The vast majority of site operators don't have the guts to allow this post. ... The truth is being supressed."<BR/><BR/>I fail to publish it, not because it is true, but because it is over 2,000 words long and not very coherent. Pithy and coherent comments will be published, others not.Lester Hunthttps://www.blogger.com/profile/14746157071827337723noreply@blogger.comtag:blogger.com,1999:blog-22657443.post-62052070986862474752009-03-10T18:17:00.000-05:002009-03-10T18:17:00.000-05:00To expand on your example a bit: P is, roughly, a ...To expand on your example a bit: P is, roughly, a single group that is large and stable. E, on the other hand, has many and various instantiations (E1, E2, E3,...). And the benefits given to the E's are concentrated, and the costs to P are spread thinly. More importantly, these many E's are often subsets of P; such that enough members of P are willing to go along with the system, and even make it worse by consipiring to create even more E's. <BR/><BR/>It's also interesting (and I think accurate) how Rothbard describes the creditor as a morally culpable co-consiprer. I think we too often think of the US-China relationship (for example) as one between a broke college student calling home for more money. A (very) few sensible voices like Peter Schiff's are calling for China to cut the US off; Rothbard would go further and curse them as taking part in the theft.<BR/><BR/>Great article; thanks for the reference. If only more people were reading Rothbard these days to understand the MORAL component of what is going on today.Anonymousnoreply@blogger.com