<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:14pt"><div id="yiv261868510"><div style="color: rgb(0, 0, 0); font-family: times new roman, new york, times, serif; font-size: 14pt; background-color: rgb(255, 255, 255);"><div><span id="yiv261868510yui_3_2_0_20_131695895647657">Kelly Anderson wrote:</span> </div><div><br>> It is clear to me that the debt being incurred by the United States<br>> can not be paid off by a natural historical growth curve in the<br>> economy...do you think they are really just as stupid as they look?</div><div> </div><div>There were long stretches of growth in the 6%-8% range per year</div><div>in the United States and Scotland in the 1800's during a time of </div><div>generally greater economic freedom. It is my view that such growth</div><div>rates are the norm in a free market - anything less is the sign
of</div><div>government interference in markets.</div><div> </div><div>The United States could fix its economic problems but I see no</div><div>evidence of the political will to do. A great deal of the debt</div><div>could be relieved simply by selling off assets held by the</div><div>federal government for no good reason - same with many states.</div><div> </div><div>Investment will remain on the sidelines until there is a change</div><div>of administration. A great number of problems will need to be</div><div>addressed and hard political problems confronted if there is</div><div>going to be any kind of economic recovery any time soon.</div><div>Vested interests will fight reform so there is likely little<var id="yui-ie-cursor"></var></div><div>chance of recovery before a severe collapse.</div><div> </div><div>If there were a 100 year tax holiday on the industrialization</div><div>of space I believe a growth rate faster than
seen in the</div><div>old West would be possible. Much of that growth would</div><div>involve automation, AI, and remote processing which can</div><div>bring untold <span id="misspell-0"><span>wealth</span></span>. That kind of wealth can fund human</div><div>betterment in many directions.</div><div> </div><div>I don't view those ruining global finances as stupid. Many</div><div>have political goals and political investments which are</div><div>irreconcilable with freedom and growth. Their personal</div><div>power comes at the expense of everyone else. Instead of</div><div><span id="misspell-1"><span><span id="misspell-0"><span id="misspell-0" class="mark">everyones</span></span></span></span> standard of living rising only the connected</div><div>and corrupt are likely to do well.</div><div> </div><div>Dennis May<br><br></div></div></div></div></body></html>