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Is now the time to give up on PMs and look to the stock market?
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<p>[QUOTE="V. Kurt Bellman, post: 3136391, member: 71723"]Yes, but before 1913, we essentially ran the entire federal government on tariffs. They can be an important revenue source if we so choose. Between that, growth rates that look better than 2x that typical this century, and some increased sanity on promise-making, we have the chance to escape this with no calamity. We were in SURPLUS within the past 20 years, and NEARLY every budget year in the past 10, while in deficit, came in at a LOWER deficit than projected.</p><p><br /></p><p>In my state's budget, we went from "OHMYGOSH, where are we going to find revenue???" to "No problem, everything's fine" in about 6 months. Real serious growth cures a lot of ills. Growth "counts double". Fewer people NEED help, and there's more money around to help those who still do.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 3136391, member: 71723"]Yes, but before 1913, we essentially ran the entire federal government on tariffs. They can be an important revenue source if we so choose. Between that, growth rates that look better than 2x that typical this century, and some increased sanity on promise-making, we have the chance to escape this with no calamity. We were in SURPLUS within the past 20 years, and NEARLY every budget year in the past 10, while in deficit, came in at a LOWER deficit than projected. In my state's budget, we went from "OHMYGOSH, where are we going to find revenue???" to "No problem, everything's fine" in about 6 months. Real serious growth cures a lot of ills. Growth "counts double". Fewer people NEED help, and there's more money around to help those who still do.[/QUOTE]
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Is now the time to give up on PMs and look to the stock market?
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