Comment 26568

By A Smith (anonymous) | Posted September 14, 2008 at 16:33:46

Geoff, you say you believe that government is necessary in order to "lead" society forward.

That is an interesting theory, but in the case of James Street North, the opposite is proving to be the case. In fact, it is private individuals that are taking the lead.

It's funny that you failed to notice this, even though you spent an enormous amount of time reading Ryan's article, and then writing your rebuttal to my last post.

With regard to your support for government money, you fail to appreciate that money is supposed to be both a medium of exchange and a store of value. In this respect, early money was backed up by intrinsic value within the currency itself, like gold or silver coins.

Fiat money on the other hand is based on nothing more than promises from elected officals. If the government decides it needs more to spend, all it has to do is start the printing presses.

Presto, your store of value just got diluted, because now there are extra dollars chasing the same amount of goods and services.

As to your discussion about building codes, no rational person is going to spend large amounts of money having a structure built, without taking every necessary step to insure its longevity.

If there are people out there who are willing to do this, they would fail to get insurance, and they would soon likely be bankrupt.

Therefore, the market would filter out the idiots, and allow the smart people to pick up land on the cheap. Since the smart people also build dwellings that last, the market would soon be full of safe structures and homes.

Problem solved, no government rules necessary.

If there is anything else you need me to help you with Geoff, just let me know.

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