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What Margaret Thatcher Missed: Why you can never "run out of other people's money" to spend
American Thinker ^ | 07/28/2014 | James Longstreet

Posted on 07/28/2014 6:56:49 AM PDT by SeekAndFind

The “Iron Maiden." She was the staunch and sturdy leader of Great Britain who once held up F. A. Hayek’s masterwork “Road to Serfdom” and declared “This is what we believe in.”

Hayek’s work is a road map for what could go wrong when individual freedoms are lost and central planning becomes the answer for every ill. When truth is bent to meet the moment and government decision making is the proposed cure all, “serfdom” is the destination.

Margaret, in believing Hayek’s cautionary, also declared that Socialism cannot sustain itself. Socialism can not last because eventually “you run out of other people’s money."

Well Margaret, you can’t believe what has happened.

Enter the Federal Reserve and Central Banking.

Once created for the proposed purpose of easing temporary strains in the financial system, the central planners that are now the central banks, have made certain that governments “will not run out of other people’s money."

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Philosophy
KEYWORDS: federalreserve; margaretthatcher; socialism; welfare
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1 posted on 07/28/2014 6:56:49 AM PDT by SeekAndFind
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To: SeekAndFind

Well. If one takes the term “other peoples’ money” to its logical extreme, you can never run out of “slavery,” because that is exactly what it boils down to.

Others peoples’ money really only runs out when the oppressors eventually stupidly kill the oppressed.


2 posted on 07/28/2014 6:59:07 AM PDT by Gaffer
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To: SeekAndFind

I think Maggie was thinking exactly that on her quote.


3 posted on 07/28/2014 6:59:33 AM PDT by bestintxas (Every time a RINO bites the dust a founding father gets his wings)
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To: SeekAndFind

Man, when the wheels finally come off I hope the American people still have enough pluck to make heads roll for what these clowns have done to this country.


4 posted on 07/28/2014 7:01:22 AM PDT by skeeter
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To: Gaffer
Last sentence in the article:

What is more likely to occur is the “people” running out of “their own” money due to bad central planning.

Isn't your personal money from the "other people's" money pool?

5 posted on 07/28/2014 7:02:02 AM PDT by Right Brother
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To: SeekAndFind

No..they just inflate it till its worthless!
even Greenspan understood it back in 66 .... http://www.321gold.com/fed/greenspan/1966.html


6 posted on 07/28/2014 7:04:34 AM PDT by M-cubed
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To: Right Brother

I should have said: Doesn’t your personal money go into the “other people’s money” pool?


7 posted on 07/28/2014 7:05:02 AM PDT by Right Brother
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To: Right Brother

What does that have to do with anything?


8 posted on 07/28/2014 7:07:04 AM PDT by Gaffer
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To: SeekAndFind
You can always print more money but eventually that money becomes worthless.
You can not redistribute wealth once that wealth has been destroyed.

9 posted on 07/28/2014 7:07:55 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Right Brother

Okay....a little different. Yes, ‘they’ want my personal money to go in their pool. It is my lifelong task to keep them from accomplishing that to the maximum extent possible.


10 posted on 07/28/2014 7:08:29 AM PDT by Gaffer
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To: SeekAndFind

You mean we can’t print our way to prosperity? Say it ain’t so! /sarc


11 posted on 07/28/2014 7:09:12 AM PDT by Starboard
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To: BitWielder1

Seemingly true, but Liberals will ALWAYS tell you the “Broken Window” scenario is ALWAYS good for the economy.


12 posted on 07/28/2014 7:09:59 AM PDT by Gaffer
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To: SeekAndFind

“We will devalue our currency as much as we please because - shut up, we got nukes.”


13 posted on 07/28/2014 7:10:22 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

Yes, but we only have those nukes as long as it takes Obama to get rid of them.


14 posted on 07/28/2014 7:11:09 AM PDT by Gaffer
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To: BitWielder1

"I Got Plenty of Numbers..." -- Chico Marx


15 posted on 07/28/2014 7:12:18 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind

As long as those free riding in the wagon have the numbers to vote for mo $$$.....it wont run out.

Ref lizabeth Warren.


16 posted on 07/28/2014 7:13:22 AM PDT by sickoflibs (King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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To: BitWielder1

But when that wealth is in tangible things like land, cattle guns, bullets, tools, etc. you are somewhat protected.

Somewhat...


17 posted on 07/28/2014 7:13:52 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: SeekAndFind

Those rocks are probably worth more than the bill they’re printed on.


18 posted on 07/28/2014 7:14:21 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: cuban leaf

Until thugs with guns and federal authority come and take them from you.


19 posted on 07/28/2014 7:15:03 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SeekAndFind
Me thinks the author never heard of the Weimar Republic where it took a wheel barrow full of currency to buy a loaf of bread. That is before Adolph stepped in and saved them, and I'm sure Barack plans to do the same for us.
20 posted on 07/28/2014 7:29:34 AM PDT by DJ Taylor (Once again our country is at war,and once again the Democrats have sided with our enemy.)
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