Comment 26572

By A Smith (anonymous) | Posted September 14, 2008 at 19:31:30

Geoff, I didn't ignore your definition of government (your words..."government is simply the existence of leadership in society."), I simply pointed out that the James St North revival has nothing to do with said leadership.

I also pointed out that it is wrong to associate one's own agenda with the success of others, especially when this agenda has nothing to do with the success in the first place.

As to your points on money, you are contradicting yourself. On the one hand you say that money doesn't have intrinsic value, but then you tell us that responsible governments do not dilute the value of money, thereby implying that money should be backed up by things that people value.

Regardless, your point that money needs to be controlled by the government has yet to be proven.

Your criticism of economic history on the grounds that the people who developed it are not around today is confusing. Algebra was created over a thousand years ago and yet no one discounts the value of it.

Regarding your mention of the Great Depression, I have actually studied it quite a bit. In fact, the main reason for the Great Depression was a massive expansion of government spending in the economy.

Between 1929 and 1932, non military spending grew from 8.6% to 15.7% of GDP, an 83% increase. Big jumps in government assistance also result in producing the opposite effect.

If your going to make arguments, try to back them up with facts, rather than rely on "common knowledge".

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