allan skye

The Coming Economic Collapse, Part 1

untrusting investor is of course right that the productive economy benefits to some extent from public spending but that is not to say that the private sector might not produce alot of these benefits more cheaply ,better and more efficiently.The example of two large corporations in bed with government in Iraq(military industrial complex) is not an argument against free trade and open markets ,quite the opposite.With public spending it is not a black and white issue but a matter of degree like Goldilocks porridge -not too hot and not too cold,Same with the creating of more money.Too little public spending and we could have beggars in the street,more robbing ,public health issues,too much and we face bankruptcy as work goes else where.We need to establish an affordable level of total taxation (including hidden costs of bureaucracy ,borrowing and regulation) Say 35% and a transparent level of money creation say a constant of 5% per annum that cant be fiddled about with.