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July 18, 2009


James Bowery


James Bowery

BTW: I was talking to one of Paulson's schoolmates a couple of weeks ago and his only response to my proposal to distributing a citizen's dividend funded by a replacement of taxes on economic activity with a tax on net assets (assessed as the price at which the government agrees to purchase the asset at the option of the owner), was to start talking about the French Revolution and Lenin.

These guys are doomed.


I've noticed that the Keynesians are always correct in the early going but over the spread of years go with the Austrians.

James Bowery

What happens to the Austrians when they realize that socializing the costs of property rights protection is a government subsidy of wealth? Or do they simply feed themselves to the wealthy out of a sense of obligation?

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