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<blockquote data-quote="LibertyTurns" data-source="post: 169967" data-attributes="member: 789"><p>Maybe this latest bump in the road will drive us back to the fundamentals which would drive an economic resurgence:</p><p>a. Reduction in the growth of government spending- need to stop what's the major cause of our troubles. We're spending more than we can afford & much of it is wasteful, misappropriated and/or inefficiently applied. You don't necessarily have to cut anything as you can actually increase benefits (and significantly to those in need), just waste less & grow slower than the rate the economy is expanding.</p><p>b. Reduction in marginal tax rates for both income and capital- the free market will function effectively if government is not trying to influence outcomes. Too much of our policy is directed at redestribution (on both sides spending on where the payola is being targeted) and not enough on economic stimulants</p><p>c. Reduction of government regulations strangling business- there's no clearer example of negative legislative effects on the economy than what's transpired recently. Quite frankly, major overhauls are required not just desired. There's so many patchworks the unintended consequences are immense & unpredictable and hard to understand until after the thieves have run off with the booty.</p><p>d. Control the money supply- Uncle Milty had it right. There's no "new economics". Monetary velocity needs to be managed in a disciplined manner.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 169967, member: 789"] Maybe this latest bump in the road will drive us back to the fundamentals which would drive an economic resurgence: a. Reduction in the growth of government spending- need to stop what's the major cause of our troubles. We're spending more than we can afford & much of it is wasteful, misappropriated and/or inefficiently applied. You don't necessarily have to cut anything as you can actually increase benefits (and significantly to those in need), just waste less & grow slower than the rate the economy is expanding. b. Reduction in marginal tax rates for both income and capital- the free market will function effectively if government is not trying to influence outcomes. Too much of our policy is directed at redestribution (on both sides spending on where the payola is being targeted) and not enough on economic stimulants c. Reduction of government regulations strangling business- there's no clearer example of negative legislative effects on the economy than what's transpired recently. Quite frankly, major overhauls are required not just desired. There's so many patchworks the unintended consequences are immense & unpredictable and hard to understand until after the thieves have run off with the booty. d. Control the money supply- Uncle Milty had it right. There's no "new economics". Monetary velocity needs to be managed in a disciplined manner. [/QUOTE]
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