xianc78 @xianc78@gameliberty.club

_Why ‘Starving the Beast’ Feeds It Instead_

FTA: I once believed, like Milton Friedman, that among the most effective tools for reining in excessive government growth is to “starve the beast” – that is, to keep tax revenues as low as possible. Starved of tax revenues, big government would have no choice but to shrink into smaller government, one that can survive on appropriately small sums of revenue.

I no longer believe that this theory of “starving the beast” is correct. It’s now obvious to me that as long as the government can finance its current expenditures with borrowed funds, a policy of refusing to allow taxes to be raised in order to meet expenditures doesn’t starve the beast; that policy engorges the beast.

The reason the government is engorged when tax revenues are kept below expenditures is that, as a result of this policy, much of current government spending is paid for by future taxpayers-citizens. The debt that the government issues to fund current expenditures comes due in the future, when many of today’s taxpayers-citizens will either be in lower tax brackets or their graves. The burden of repaying this debt falls on many people who aren’t even born when the debt-financed expenditures are made. The bottom line is that deficit financing allows today’s taxpayers-citizens to get goodies from the government and then shove the bill for these goodies onto tomorrow’s taxpayers-citizens.

Because deficit financing allows today’s taxpayers-citizens to spend other people’s money – and because no person spends other people’s money as carefully as that person spends his or her own money – the demand for government ‘services’ today is higher than it would be if today’s taxpayers-citizens were obliged to pay for all the government they demand. Just as, say, people in New York and California will demand more government services if those services will be paid for largely by people in Florida and Texas, people in 2026 will demand more government services if those services will be paid for largely by people in 2056.

Unsurprisingly, there is empirical evidence showing that attempts to starve the beast result in increased government spending.

https://thedailyeconomy.org/article/why-starving-the-beast-feeds-it-instead/

Why Model Collapse in LLMs is Inevitable With Self-Learning

https://hackaday.com/2026/04/29/why-model-collapse-in-llms-is-inevitable-with-self-learning/

Clone Hero is FINALLY adding leaderboards. Took them long enough!

Do you normally buy appliances new or used/second hand?

@sampler This is interesting, because there's no reason to push any button *besides* the red one. If you push the red button, you survive in either case. The blue button is for people that don't know how to draw a 2x2 box.

Just a casual survey , please vote and RT

#indonesia #food #vegan #halal
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These bring me so much joy

Who could have anticipated this? Who with an IQ above double digits could have possibly seen this coming?