The solution is simple -1) Eliminate goverenment borrowing. The government doesnt need to borrow money, it can create its own, without debt or intrest attached.

2) Eliminate the ability of banks to lend money they dont have (fractional reserve lending).

These 2 measures would fix the economy.

Last edited by eazyas 14 years ago

So did you go to libya and ask people on the ground??? Or use the same sorces as me? I actually have a number of arab friends at work, especially Syrian and I get info from them when they go back. Its about fundamental freedoms, not the price of food

I don't know where you are, but around here it does -- quite easily actually. One issue is that people don't want to just "live" they want to live large. They want to over-extend themselves to be like the next guy when they don't have the next guy's income.

I'm not sure what this even has to do with the protests in the initial post, but over here there is a chance for everyone to have something if they work for it. Short of communism, not sure what you could do to give unto others who don't want to do anything to give unto themselves.

In that case Your community sounds like a prosperous place to work and live.

On a national level These 2 measures would be the biggest factors to help fix the economy.

The solution is simple -1) Eliminate goverenment borrowing. The government doesnt need to borrow money, it can create its own, without debt or intrest attached.

2) Eliminate the ability of banks to lend money they dont have (fractional reserve lending).

I see you didn't study economics then... borrowing is perfectly healthy and helps promote growth. Excessive borrowing is bad but some is fine.

Your reply is very arrogant and simple minded, why should the government ( the people) borrow their $ from private groups at intrest when the government ( the people) can create their own currency ?

Because sometimes to create money (from natural resources etc) you need to spend it first. And you can't just print money as that creates inflation. For 1000's of years governments (or rulers etc) have borrowed money from private sources to fund big projects that create long term wealth.

Why wait 10 years to save the money, to build a big rail network for example, when you can borrow it and then use the extra 10 years worth of profit to cover the loan interest with extra profit to spare?

The fact that if the governement ( the people) needs extra capital for public projects they must borrow money form private groups with intrest attached. This, by default , puts these private groups in charge of the government (the people), because if the governement (the people) needs money , and your not willing to lend it, it instantly puts you in charge. I think you need to study THE BASICS of who controll the quantity of currency in your country.

If the government ( the people ) is in charge of the quantity of currency in the economy , then the people controll their own economy and country.

If private groups controll the quantity of currency in a country ( as they do now in usa and uk) then they controll that economy and the country.

What they do with the money is nothing to do with the private firms lending it. Its a loan... nothing more. If I loan you 10 pounds I dont own you or control what you do!!!