Liberty University

User Profile: 1k

1k

Member Since: November 14, 2012

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  • July 22, 2013 at 8:21pm

    SchwarzReiter “Let’s be real about this; the problems became uncontrollable once the black community gained the political majority. ”
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    The type of bad decisions that took Detroit down were not made because the government there was predominantly black; the bad decisions were mistakes of a type that are made by progressives of all complexions. However, when the progressives happen to be black, criticism of the progressive policies often is fended off with the accusation that the critic is a racist. Thus many critics are shut up. Any human system that is not subject to honest criticism and not held accountable for the results of decisions will deteriorate. The deterioration is happening all around us because honest criticism either is routinely rejected as is the case when the critic is accused of some nature of bigotry; or the honest criticism never occurs in the first place as is the case when the main-stream-media fails at its responsibilities.

  • November 14, 2012 at 4:59pm

    In all the hyperinflations cited in the article, I think, most of the currency in peoples hands was printed paper. That paper later had to be replaced by an entirely new currency such as the rentenmark in Germany. Would the cycle of hyperinflation/currency replacement be expected to be much different in a system that relies so much on electronic money. The hyperinflation would still occur but would a government ordered sliding of decimal points in electronic money accounts be used to clean it up. Like a big tax levied against all electronic money.

    In reply to the story A Few Notes on Hyperinflation