tag:blogger.com,1999:blog-3008275388825682841.post1603149712514268324..comments2024-03-12T03:32:18.680-05:00Comments on The Mean Old Investor: The Kowalski ConstitutionMr. Kowalskihttp://www.blogger.com/profile/07899577790533734474noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3008275388825682841.post-1357642147757961522011-10-24T07:48:17.836-05:002011-10-24T07:48:17.836-05:00No I'k not joking; if you take a hard look at ...No I'k not joking; if you take a hard look at whats written, there is plenty of taxation; most of the money is evenly distributed to the states who would have very wide authority to implement any program they saw fit. Given the deep political divisions, this is a way for peoples of very different viewpoints to both live under the rules they like and for us all to remain a single nation.Mr. Kowalskihttps://www.blogger.com/profile/07899577790533734474noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-33472381848923588282011-10-23T23:53:13.395-05:002011-10-23T23:53:13.395-05:00Sorry: I put two links above. They're actually...Sorry: I put two links above. They're actually the same passage from Edison's writing. When cutting and pasting, make sure you don't cut and paste BOTH URLS.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-17837376982907072612011-10-23T23:41:32.385-05:002011-10-23T23:41:32.385-05:00Re No.1, and limiting Federal spending to 3% of GD...Re No.1, and limiting Federal spending to 3% of GDP, you’re joking aren’t you? Federal spending is currently about five times that amount. Plus the people seem to be happy enough with that. Plus it’s even higher in some European countries. <br /><br />Moreover, you are introducing your own political views here: in particular the question as to what proportion of GDP should be allocated to public spending. I don’t think anyone is very interested in anyone else’s political views. I don’t expect you to be interested in mine. <br /><br />Re Federal Financial Regulations No 3, I very much like the idea of new money being distributed to the people. The inventor, Thomas Edison expressed a similar sentiment. See last paragraph here:<br /><br />http://www.primeronmoney.com/edisonandford.html http://prosperityuk.com/2000/09/thomas-edison-on-government-created-debt-free-money/<br /><br />Still on “No 3” there is a technical flaw in the idea that money supply growth be limited to the same as real GDP (I assume you are limiting it to GDP growth in REAL terms). That clashes with the view widely accepted by economists that 2% or so inflation is about optimum. Thus I suggest the formula needs to be “growth in GDP in real terms plus 2%”.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-35202676952762130822011-07-30T15:19:39.460-05:002011-07-30T15:19:39.460-05:00Thank you for the well thought out ideas Mr. K.
O...Thank you for the well thought out ideas Mr. K. <br />Of course the chance of any of this happening is not going to happen. Too much concentration of power in D.C and they will not relinquish it. Also the people who are safely employed and pensioned will be afraid of change. Immigration is too complex for me and my small brain to comment on.Queenbeehttps://www.blogger.com/profile/01726258173148844436noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-23452522466446064122011-07-30T10:34:27.594-05:002011-07-30T10:34:27.594-05:00As I'm really sick of hearing about debt, I...As I'm really sick of hearing about debt, I'm going to zero in on your illegal immigration argument. I have a bold new idea. Since no 'human' can serve to masters' (ie ONE's preferred country and ideals will always win over the other in loyalty') perhaps one of the first things we should implement is doing away with duel citizenship. You must swear allegiance to ONE COUNTRY. Hmm...I wonder what THAT would do??!Anonymousnoreply@blogger.com