In response to:

Let's Give the Fed Some Competition

purple_persuader Wrote: Apr 04, 2012 10:24 AM
Is there an argument in there...somewhere? OK, reliable transportation system...and point is? At least argue something. Truth is in America the best transportation (bridges, canals, roads, etc.) came about through the private market. In fact by the time of the WBTS, most states had changed their constitutions to forbid "internal improvements", due their subsidizing such causing massive government debt. No, centralized currency has actually come after a nation becomes prosperous, so not even a fallacy, just a lie. Further though, most nations (Roman Empire for example) have declined after doing away with real money.
purple_persuader Wrote: Apr 04, 2012 2:11 PM
Jack you nothing of history, the transcontinental railroad was intentionally prolonged in it's construction, and intentionally built to go a longer way because the railroaders were being paid by the mile.
This is just the plain historical truth, to say otherwise is to lie, it is also to ignore a private railroad built by James hill that cost less per mile and lasted longer due to better construction.

Yes, oh ignorant one, the vast majority of transportation prior to the WBTS was private..again just plain historical fact. Add the fact that the government took over road building, just means that ability was taken away from private enterprise and done wastefully.
Jack2894 Wrote: Apr 04, 2012 1:15 PM
WHat a completely dishonest and misleading representation of reality. REspond to what I actually said. First, the transcontinental railroad might never have been built were it not for the federal government. And I suppose you know who settled the issue of track guage that allowed railroads to develop at all? Second, Airlines are private, but operate only because municipally owned airports and federal controlled ATC are in operation. WHo cares whether the bridges are BUILT by private contractors: they are conceptualized, designed, paid for and inspected by the general public.

COnservative continuosly make themselves a laughing stock by trying to force reality to fit into their tiny, misconceived conceptions.

Joseph64 Wrote: Apr 04, 2012 12:43 PM
Passenger railroads in this country for most of their existence were operated by the private sector until they were taxed out of existence to make way for publicly subsidized mass transit and Amtrak. Airlines are operated by private sector companies, and not by the government. Rail, air and ship cargo are also moved by private companies. Yes, bridges and highways are also built by private contractors hired by the government. The government cannot have those workers on the payroll at all times because they would never have enough work to keep them employed all the time.
Jack2894 Wrote: Apr 04, 2012 12:20 PM
The best transportation was private? In what dream world? The Interstate highway system was private? Air traffic control was private? Airports are private? The transcontinental railway was a private venture? Bridges in America were built privately? Which ones?
Paulus Textor Wrote: Apr 04, 2012 10:52 AM
Quite true. Governments, when they become the sole creators of money, inevitably debase it. Your example of the Roman Empire is a case in point, when the silver sesterce went from almost pure silver, to no silver at all, causing economic chaos.

The crime of central banking is certainly not new.

Pssst. Want to buy some Stossels? They’re my own currency with my face on them.

Why should you trust them?

Because I promise to redeem them for gold. And I’m reliable. I have money in the bank and a job that brings in more than I spend.

By contrast, the politicians who back American currency run an unsustainable deficit.

The Federal Reserve prints so much money that since it opened its doors in 1914, the dollar has lost more than 90 percent of its value.

OK, I won’t really sell Stossels. Americans get jailed for offering alternative currencies. The government insists...