Plato illustrates each of these regimes in the Republic with a prototypical man with the characteristics of the regime. FRIEDMAN Published: Octo1253 Comments This time is different. The philosopher Plato categorized governments into five types of regimes ( Republic, Book VIII Greek: ): aristocracy, timocracy, oligarchy, democracy, and tyranny. He’s really a traditional conservative whose integrity of perspective I respect even though before this column I don’t recall ever agreeing with him. ![]() ![]() "The US public debt is now swelling uncontrollably." Our judgement is, without considering the virtual and anti-gravitational "financial derivatives" that ascend to a quadrillion, US debt simply cannot be paid when its "homes" (constituted by three persons, according to their ways to run statistics), have an average income of 50 thousand dollars a year and have a debt, somewhere in between half a million and a million dollars (depends on who's counting.) When the serious countries of the world run away from their possessions in dollars (with the demential exception of the masochist Bank of Mexico, in the dark age of the neoliberal jihadist Ortiz Martinez, which talent is to dilapidate reserves), the US government faces two options: rise taxes considerably (particularly to its insolvent and insolent plutocracy, which talent is evading taxes) and/or to print more garbage paper ("the Bernanke model" and the famous "helicopter" where it would distribute it massively), which would result in a hyperinflation and more devaluation of the dollar, to which only beneficial outcome would be a solvent debt that would be reduced to its minimal. NYT columnist Friedman calls himself a centerist.
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