Hunter — Conservative guns-in-schools plan runs afoul of the insurance industry

The market gods speak. Conservatives feel the corporate power:

Now the private insurance industry is balking at conservative notions of putting guns in schools because they're not buying the conservative line that arming teachers or other employees will make the buildings safer places to be in. On the contrary, the insurance companies are estimating that it would cost them considerably more money in payouts, enough money that they'd rather drop policies entirely than try to insure that mess.

So another conservative utopia is threatened by, of all things, the very corporations that they vow we should treat as gods. When you have to turn a profit, you see, you tend to look on these things with a rather colder eye than the conservative legislators who demand the thing merely as ideological stance; sorry, state lawmakers, but the Free Market ain't buying it. The Free Market, in its infinite and infallible wisdom, has determined that arming schoolteachers is a measurably bad idea. By the transitive property of Corporate Awesomeness, this means conservatives now have to drop that idea and come up with something less freaking insane.

Daily Kos
Conservative guns-in-schools plan runs afoul of the insurance industry
Hunter

Liability v. debt

I think the key concept is that when the gold standard was eliminated, and the promise to pay gold for paper was eliminated, paper money stopped being a promise to pay. It stopped being a debt at that point and became instead, as Glass says, a replacement for gold.

This is perfect, because it solves a big problem. It solves the problem that the quantity of gold did not always expand at a rate best suited to the economy's current growth potential. With paper money as a replacement for gold, insufficiency of money need no longer be a problem. 

One problem remains, which is the expansion of private money beyond what the base money can comfortably support. But this problem is no different than it was under the gold standard or in the free banking era. No different, except when money was gold and private money was paper, it was easy to see the difference. Now it is harder to see the difference.

Read it at The New Arthurian Economics
Jim Glass at Worthwhile Canadian