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You cannot vote/legislate your way to prosperity...
Prove it. If that was so, Somalia would be a paradise and Scandinavia would be like Somalia.
I question the numbers, what counts as debt with the US?
Norway gets a lot of it's budget from oil
Sweden was very much free market in the recent past which allows them to coast on yesterdays steam.
Prove it. If that was so, Somalia would be a paradise and Scandinavia would be like Somalia.
It is tantamount to the minimum wage law, which will not create more wealth for the lower quintile.
Somalia continually improves through there Xeer law, which is the opposite of statutory law.
Meanwhile the countries that continually force regulations will move closer and closer to anarchy, because of there unsustainability.
National debt is an issue only if you cannot defend yourself.
... and if potential rivals aren't also the biggest lenders. Just dump the bonds all at once in the secondary market and you may not have to fire a shot.
No taken out of context - Hayek was warmly supportive of the Pinochet regime and regularly visited AND defended it in the press. Hayek has said over and over again he preferred Dictators that implement his preferred Economic Solutions to Democracies that restrict them.
http://coreyrobin.com/2012/07/08/hayek-von-pinochet/
http://coreyrobin.files.wordpress.com/2012/07/hayekchile.pdf
We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/
We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/
Dodge, messenger, dodge - you are being shot at!
Those links all have references to Hayek's own quotes. Just because a socialist collected his quotes from newspapers and media, doesn't mean he didn't make 'em.
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http://www.salon.com/2014/10/04/income_inequalitys_sick_joke_a_rising_tide_only_lifts_luxury_yachts/