Tuesday, September 15, 2009

Tax, borrow or inflate.

Theism - anti-democratic? :

I think that democracy is terrible at self-correction, since democratic governments tend to increase taxes, borrow, or inflate the money supply 'unsustainably', and it is very difficult to reverse this process.
Eudaimonist


"As my Econ Prof said, so what? Governments have many ways to pay for the pork and wars and the pork and wars generate income so it all comes out even in the end. By the way this is true for all government types, democracy has no patent on tax, borrow or inflate."

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