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	<title>Comments on: The Incredible Value of the Local Library (A Visual Tour)</title>
	<atom:link href="http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/</link>
	<description>Financial talk for the rest of us</description>
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		<title>By: Adam - Magical Penny</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-926562</link>
		<dc:creator>Adam - Magical Penny</dc:creator>
		<pubDate>Tue, 05 Oct 2010 11:25:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-926562</guid>
		<description><![CDATA[Free DVDs surprised me -I&#039;ve never been in a library that offers free DVD loans (I&#039;m in the UK). Also my local library doesn&#039;t have a personal finance section.

But you&#039;re right, they are often an overlooked resource of great information.]]></description>
		<content:encoded><![CDATA[<p>Free DVDs surprised me -I&#8217;ve never been in a library that offers free DVD loans (I&#8217;m in the UK). Also my local library doesn&#8217;t have a personal finance section.</p>
<p>But you&#8217;re right, they are often an overlooked resource of great information.</p>
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		<title>By: Matt</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-926067</link>
		<dc:creator>Matt</dc:creator>
		<pubDate>Wed, 29 Sep 2010 16:46:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-926067</guid>
		<description><![CDATA[Clerks at the front desk do not make $28 and hour.  If you think you can hire someone who has a masters degree or doctorate for $15 in the private sector you are kidding yourself.

On another topic, artists would not make more money if people didn&#039;t use libraries.  The vast majority of people simply wouldn&#039;t be able to afford to buy their stuff.  Libraries purchase a lot of stuff.  And many people use them to find out what they really like.  As a result, they go out and buy from artists they know they want as opposed to just taking a chance and wasting money.  And e-books are vastly underpriced so I doubt artists are getting what they deserve out of those sales.]]></description>
		<content:encoded><![CDATA[<p>Clerks at the front desk do not make $28 and hour.  If you think you can hire someone who has a masters degree or doctorate for $15 in the private sector you are kidding yourself.</p>
<p>On another topic, artists would not make more money if people didn&#8217;t use libraries.  The vast majority of people simply wouldn&#8217;t be able to afford to buy their stuff.  Libraries purchase a lot of stuff.  And many people use them to find out what they really like.  As a result, they go out and buy from artists they know they want as opposed to just taking a chance and wasting money.  And e-books are vastly underpriced so I doubt artists are getting what they deserve out of those sales.</p>
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		<title>By: RSL</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925927</link>
		<dc:creator>RSL</dc:creator>
		<pubDate>Mon, 27 Sep 2010 20:00:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925927</guid>
		<description><![CDATA[I just wanted to say that I&#039;m so touched by your continued endorsement of public libraries. As a very frequent library user, library volunteer, and now a Master of Library Science grad, I think libraries are an incredible resource for a community and I think your posting outlines beautifully the variety of services and events offered by public libraries.]]></description>
		<content:encoded><![CDATA[<p>I just wanted to say that I&#8217;m so touched by your continued endorsement of public libraries. As a very frequent library user, library volunteer, and now a Master of Library Science grad, I think libraries are an incredible resource for a community and I think your posting outlines beautifully the variety of services and events offered by public libraries.</p>
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		<title>By: Shari</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925922</link>
		<dc:creator>Shari</dc:creator>
		<pubDate>Mon, 27 Sep 2010 19:04:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925922</guid>
		<description><![CDATA[Thank you for highlighting your local public library! Believe me, those of us who are librarians appreciate any and all support in getting the word out about the services we provide. Libraries make good financial sense.]]></description>
		<content:encoded><![CDATA[<p>Thank you for highlighting your local public library! Believe me, those of us who are librarians appreciate any and all support in getting the word out about the services we provide. Libraries make good financial sense.</p>
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		<title>By: sjw</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925904</link>
		<dc:creator>sjw</dc:creator>
		<pubDate>Mon, 27 Sep 2010 17:28:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925904</guid>
		<description><![CDATA[guinness416 @ 71

Did you know that the Toronto Public Library also loans out family passes to different museums and the like?  I went to the AGO recently, it would have been $50 for the two of us, but instead it was just $12 (we went to one of the extra exhibits).

My local branch isn&#039;t great, but the website lets me request anything I want (it&#039;s just not good for browsing).]]></description>
		<content:encoded><![CDATA[<p>guinness416 @ 71</p>
<p>Did you know that the Toronto Public Library also loans out family passes to different museums and the like?  I went to the AGO recently, it would have been $50 for the two of us, but instead it was just $12 (we went to one of the extra exhibits).</p>
<p>My local branch isn&#8217;t great, but the website lets me request anything I want (it&#8217;s just not good for browsing).</p>
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		<title>By: reulte</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925865</link>
		<dc:creator>reulte</dc:creator>
		<pubDate>Mon, 27 Sep 2010 13:38:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925865</guid>
		<description><![CDATA[AnnJo (#63) - &quot;... but unlike government workers, first I have to get the money to invest in the bonds.&quot;  Huh?  You mean I DON&#039;T have to pay to purchase bonds?  Sorry, but you&#039;re wrong about that.  Government workers have to pay for pretty much everything that private sector workers have to pay for that doesn&#039;t have to do with the job and we have to learn to economize also.]]></description>
		<content:encoded><![CDATA[<p>AnnJo (#63) &#8211; &#8220;&#8230; but unlike government workers, first I have to get the money to invest in the bonds.&#8221;  Huh?  You mean I DON&#8217;T have to pay to purchase bonds?  Sorry, but you&#8217;re wrong about that.  Government workers have to pay for pretty much everything that private sector workers have to pay for that doesn&#8217;t have to do with the job and we have to learn to economize also.</p>
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		<title>By: Sarah B.B.</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925862</link>
		<dc:creator>Sarah B.B.</dc:creator>
		<pubDate>Mon, 27 Sep 2010 13:26:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925862</guid>
		<description><![CDATA[I homeschool my children, and have made use of the library for free curriculum materials.  The childrens&#039; nonfiction section has an amazing supply of science and craft books that have saved us countless dollars as we check them out and do the activities that interest us.  For read-aloud time, I check out books like Charlotte&#039;s Web or Charlie and the Chocolate Factory, and then check out the movie from the DVD section so that we can enjoy both mediums for the same story.  All free.  It is amazing how much money can be spent on homeschooling at the bookstore, and how much can be saved at the library.]]></description>
		<content:encoded><![CDATA[<p>I homeschool my children, and have made use of the library for free curriculum materials.  The childrens&#8217; nonfiction section has an amazing supply of science and craft books that have saved us countless dollars as we check them out and do the activities that interest us.  For read-aloud time, I check out books like Charlotte&#8217;s Web or Charlie and the Chocolate Factory, and then check out the movie from the DVD section so that we can enjoy both mediums for the same story.  All free.  It is amazing how much money can be spent on homeschooling at the bookstore, and how much can be saved at the library.</p>
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		<title>By: Jaime</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925844</link>
		<dc:creator>Jaime</dc:creator>
		<pubDate>Mon, 27 Sep 2010 10:47:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925844</guid>
		<description><![CDATA[I don&#039;t go to libraries,nothing against libraries, but I would rather prefer to buy the books and own them. This is what works for me. I also prefer the internet, its like a giant library to me. Also when I pay for e-books on Barnes &amp; Noble and Amazon, it makes me feel good knowing that I&#039;m supporting artists. Plus I&#039;m an aspiring writer. 

This is very important to me. I did use libraries as a teen, but eventually I gave up.I would return my books late, rack up fees, because I lived in a huge city at the time, everyone would try to put themselves on the list for a popular book, movies, cd, etc. It got tiring of being on the waiting list. 

Libraries were fun when I was a kid, now that I&#039;m in my twenties, I would rather buy e-books, they&#039;re cheaper, I can support the author, I don&#039;t have to worry about returning a book late, with fees, don&#039;t have to worry about it being on hold.

Its what works for me, for many people libraries work for them, but I tend to read my books a million times or so, in the long run this is what works for me.

Please don&#039;t judge me for not using the library, my computer is like my own digital library. ;)]]></description>
		<content:encoded><![CDATA[<p>I don&#8217;t go to libraries,nothing against libraries, but I would rather prefer to buy the books and own them. This is what works for me. I also prefer the internet, its like a giant library to me. Also when I pay for e-books on Barnes &amp; Noble and Amazon, it makes me feel good knowing that I&#8217;m supporting artists. Plus I&#8217;m an aspiring writer. </p>
<p>This is very important to me. I did use libraries as a teen, but eventually I gave up.I would return my books late, rack up fees, because I lived in a huge city at the time, everyone would try to put themselves on the list for a popular book, movies, cd, etc. It got tiring of being on the waiting list. </p>
<p>Libraries were fun when I was a kid, now that I&#8217;m in my twenties, I would rather buy e-books, they&#8217;re cheaper, I can support the author, I don&#8217;t have to worry about returning a book late, with fees, don&#8217;t have to worry about it being on hold.</p>
<p>Its what works for me, for many people libraries work for them, but I tend to read my books a million times or so, in the long run this is what works for me.</p>
<p>Please don&#8217;t judge me for not using the library, my computer is like my own digital library. ;)</p>
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		<title>By: guinness416</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925805</link>
		<dc:creator>guinness416</dc:creator>
		<pubDate>Sun, 26 Sep 2010 21:56:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925805</guid>
		<description><![CDATA[My library system, Toronto Public Library, totally rocks.  In fact, after a large fire in a high-rise last night that has led to many people being displaced I noticed that one of our branches opened on it&#039;s off-day today (sunday) to provide a place to relax for residents.  

It makes me sad that others are speaking to their municipalities cutting back on library hours and services, so I always make sure to give mine some cash donations on the days they collect them in addition to the ol&#039; property tax.  Anyway beyond the obvious stuff above and excellent promotion of local and new books/authors here&#039;s what my library offers: 

* Hosting spaces for and free access to different classes and lectures - in genealogy, career advice, house buying, ESL, job application for recent immigrants, parenting stuff, etc etc.
* E-books downloadable from the website.
* Online access to journals of many types (ie downloadable as pdfs).
* The free museum passes other commenters mention
* Large files of study materials for citizenship/other immigration stuff. 
* &quot;Cool zones&quot; for the community ie access to air conditioning and iced water for all on very hot days.
* A mobile branch (ie a van) which moves around the city as required.

And for those put off by the homeless in the library or it being overrun with noisy kids or whatever - do check out your system&#039;s website.  Hopefully most stuff is accessible and bookable online.  Unless attending a seminar of some sort I physically step into my local branch only for a few minutes at a time.]]></description>
		<content:encoded><![CDATA[<p>My library system, Toronto Public Library, totally rocks.  In fact, after a large fire in a high-rise last night that has led to many people being displaced I noticed that one of our branches opened on it&#8217;s off-day today (sunday) to provide a place to relax for residents.  </p>
<p>It makes me sad that others are speaking to their municipalities cutting back on library hours and services, so I always make sure to give mine some cash donations on the days they collect them in addition to the ol&#8217; property tax.  Anyway beyond the obvious stuff above and excellent promotion of local and new books/authors here&#8217;s what my library offers: </p>
<p>* Hosting spaces for and free access to different classes and lectures &#8211; in genealogy, career advice, house buying, ESL, job application for recent immigrants, parenting stuff, etc etc.<br />
* E-books downloadable from the website.<br />
* Online access to journals of many types (ie downloadable as pdfs).<br />
* The free museum passes other commenters mention<br />
* Large files of study materials for citizenship/other immigration stuff.<br />
* &#8220;Cool zones&#8221; for the community ie access to air conditioning and iced water for all on very hot days.<br />
* A mobile branch (ie a van) which moves around the city as required.</p>
<p>And for those put off by the homeless in the library or it being overrun with noisy kids or whatever &#8211; do check out your system&#8217;s website.  Hopefully most stuff is accessible and bookable online.  Unless attending a seminar of some sort I physically step into my local branch only for a few minutes at a time.</p>
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		<title>By: lynne powell</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925757</link>
		<dc:creator>lynne powell</dc:creator>
		<pubDate>Sun, 26 Sep 2010 01:40:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925757</guid>
		<description><![CDATA[I use our local library regularly. I check out books, audio-books, and movies. I have never checked out music, but perhaps in the future I&#039;ll check into it. I use a branch of the library that has free parking available.Every Sunday after reading the book reviews in the paper, I put in a request for books I have not previously read. I have borrowed books that have come from all over northern California through our library system&#039;s participation in sharing assets with other other libraries. Each summer I sign my grandchildren up for the reading program and they earn rewards for each book they read. (I remember participating in very similar programs when I was a child). I do believe that the public library system is a representation of a government program at its best]]></description>
		<content:encoded><![CDATA[<p>I use our local library regularly. I check out books, audio-books, and movies. I have never checked out music, but perhaps in the future I&#8217;ll check into it. I use a branch of the library that has free parking available.Every Sunday after reading the book reviews in the paper, I put in a request for books I have not previously read. I have borrowed books that have come from all over northern California through our library system&#8217;s participation in sharing assets with other other libraries. Each summer I sign my grandchildren up for the reading program and they earn rewards for each book they read. (I remember participating in very similar programs when I was a child). I do believe that the public library system is a representation of a government program at its best</p>
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		<title>By: elderly librarian</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925744</link>
		<dc:creator>elderly librarian</dc:creator>
		<pubDate>Sat, 25 Sep 2010 21:25:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925744</guid>
		<description><![CDATA[Great Youtube video-- &quot;Librarians do GaGa&quot;-- from the U. of Washington Information School.

http://www.youtube.com/watch?v=a_uzUh1VT98]]></description>
		<content:encoded><![CDATA[<p>Great Youtube video&#8211; &#8220;Librarians do GaGa&#8221;&#8211; from the U. of Washington Information School.</p>
<p><a href="http://www.youtube.com/watch?v=a_uzUh1VT98" rel="nofollow">http://www.youtube.com/watch?v=a_uzUh1VT98</a></p>
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		<title>By: AlBlack</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925728</link>
		<dc:creator>AlBlack</dc:creator>
		<pubDate>Sat, 25 Sep 2010 17:33:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925728</guid>
		<description><![CDATA[@AnnJo

&quot;My library has people in secure jobs getting paid (in salary and benefits) $28 an hour to do work that private employers could easily hire someone to do for $15 an hour including benefits and without job security.&quot;

Did you know that there are also private industry librarians who work the same type of jobs that the $28 per hour public librarians do? And guess what, on average they make more with similar benefits. They have similar skill sets and education as the public librarians. Private employers don&#039;t pay these librarians $15 an hour. Why should your public library do so?]]></description>
		<content:encoded><![CDATA[<p>@AnnJo</p>
<p>&#8220;My library has people in secure jobs getting paid (in salary and benefits) $28 an hour to do work that private employers could easily hire someone to do for $15 an hour including benefits and without job security.&#8221;</p>
<p>Did you know that there are also private industry librarians who work the same type of jobs that the $28 per hour public librarians do? And guess what, on average they make more with similar benefits. They have similar skill sets and education as the public librarians. Private employers don&#8217;t pay these librarians $15 an hour. Why should your public library do so?</p>
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		<title>By: 8sml</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925722</link>
		<dc:creator>8sml</dc:creator>
		<pubDate>Sat, 25 Sep 2010 16:59:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925722</guid>
		<description><![CDATA[I love our local library. One of its great features is that if they don&#039;t have a book available in the system or by inter-library loan, you can request that they purchase it. They will consider the request and if they think the book will be an asset to the library, they&#039;ll buy it.]]></description>
		<content:encoded><![CDATA[<p>I love our local library. One of its great features is that if they don&#8217;t have a book available in the system or by inter-library loan, you can request that they purchase it. They will consider the request and if they think the book will be an asset to the library, they&#8217;ll buy it.</p>
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		<title>By: 8sml</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925721</link>
		<dc:creator>8sml</dc:creator>
		<pubDate>Sat, 25 Sep 2010 16:51:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925721</guid>
		<description><![CDATA[@ AnnJo #59: &quot;But when enough people believe, as 8sml seems to, that the government’s job is decide what the “right” pay is...&quot;

I think it&#039;s society&#039;s job to decide what the &quot;right&quot; pay is, and that deciding what the &quot;right&quot; pay is very difficult (I don&#039;t know the best way to do it). But who should decide what public workers are paid? Is there another way to do it, other than for the government (who, for better or worse, are supposed to represent the wishes of the people) to set pay rates &amp; compensation?

Again, I&#039;m not saying that I know the answer or even that I think there is an answer. And when I say that I don&#039;t think the private sector has got it right, that doesn&#039;t mean that I think the government has got it right either.]]></description>
		<content:encoded><![CDATA[<p>@ AnnJo #59: &#8220;But when enough people believe, as 8sml seems to, that the government’s job is decide what the “right” pay is&#8230;&#8221;</p>
<p>I think it&#8217;s society&#8217;s job to decide what the &#8220;right&#8221; pay is, and that deciding what the &#8220;right&#8221; pay is very difficult (I don&#8217;t know the best way to do it). But who should decide what public workers are paid? Is there another way to do it, other than for the government (who, for better or worse, are supposed to represent the wishes of the people) to set pay rates &amp; compensation?</p>
<p>Again, I&#8217;m not saying that I know the answer or even that I think there is an answer. And when I say that I don&#8217;t think the private sector has got it right, that doesn&#8217;t mean that I think the government has got it right either.</p>
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		<title>By: cherie</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925720</link>
		<dc:creator>cherie</dc:creator>
		<pubDate>Sat, 25 Sep 2010 16:14:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925720</guid>
		<description><![CDATA[Besides all of the above, plus wonderful programs, my library ALSO offers 
Video games - a cheap way to let my kids have a chance at the wii games available - they also have games for psp and xbox
Free Museum Pases!  My library has passes for a family available for our local children&#039;s museum and art museum as well as for the Met and Moma in NYC [we&#039;re in the burbs] - a wonderful savings!  You can sign up about a month in advace for a few days&#039; slot

It&#039;s always worth asking what&#039;s available - both of these things snuck up on me - I should&#039;ve asked sooner!]]></description>
		<content:encoded><![CDATA[<p>Besides all of the above, plus wonderful programs, my library ALSO offers<br />
Video games &#8211; a cheap way to let my kids have a chance at the wii games available &#8211; they also have games for psp and xbox<br />
Free Museum Pases!  My library has passes for a family available for our local children&#8217;s museum and art museum as well as for the Met and Moma in NYC [we're in the burbs] &#8211; a wonderful savings!  You can sign up about a month in advace for a few days&#8217; slot</p>
<p>It&#8217;s always worth asking what&#8217;s available &#8211; both of these things snuck up on me &#8211; I should&#8217;ve asked sooner!</p>
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		<title>By: Maggie</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925707</link>
		<dc:creator>Maggie</dc:creator>
		<pubDate>Sat, 25 Sep 2010 11:28:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925707</guid>
		<description><![CDATA[I really appreciate my library.  I love everything it has to offer: books, movies, music, free programs etc and so forth.  A fantastic place.]]></description>
		<content:encoded><![CDATA[<p>I really appreciate my library.  I love everything it has to offer: books, movies, music, free programs etc and so forth.  A fantastic place.</p>
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		<title>By: deRuiter</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925704</link>
		<dc:creator>deRuiter</dc:creator>
		<pubDate>Sat, 25 Sep 2010 09:41:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925704</guid>
		<description><![CDATA[Our library has a yard sale once a year,  also two book sales where everyone brings unwanted books, tapes and CD&#039;s and donates them.  The library has the sale and sells the books or items  cheaply to new owners to earn money for the library.  These sales make money for the library, get new people to the library as well as those who are regulars, are a fun social event, help the environment, and keep American money IN America instead of going to China for new things, so they are even good for America&#039;s balance of trade!]]></description>
		<content:encoded><![CDATA[<p>Our library has a yard sale once a year,  also two book sales where everyone brings unwanted books, tapes and CD&#8217;s and donates them.  The library has the sale and sells the books or items  cheaply to new owners to earn money for the library.  These sales make money for the library, get new people to the library as well as those who are regulars, are a fun social event, help the environment, and keep American money IN America instead of going to China for new things, so they are even good for America&#8217;s balance of trade!</p>
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		<title>By: Prasanth</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925694</link>
		<dc:creator>Prasanth</dc:creator>
		<pubDate>Sat, 25 Sep 2010 02:33:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925694</guid>
		<description><![CDATA[Ah the library!! I lived in the states for 3 years before returning to India and one thing that I and my kids miss the most is the wonderful local library!! Here in India, we do not have anything remotely comparable with the libraries you have. Lucky you!!. If this is the way taxes are used, I&#039;m all for it.]]></description>
		<content:encoded><![CDATA[<p>Ah the library!! I lived in the states for 3 years before returning to India and one thing that I and my kids miss the most is the wonderful local library!! Here in India, we do not have anything remotely comparable with the libraries you have. Lucky you!!. If this is the way taxes are used, I&#8217;m all for it.</p>
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		<title>By: AnnJo</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925693</link>
		<dc:creator>AnnJo</dc:creator>
		<pubDate>Sat, 25 Sep 2010 02:33:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925693</guid>
		<description><![CDATA[@Johanna,
I&#039;ll try to explain.

Public pensions, Social Security and welfare carry an implicit promise by the state to use whatever force is necessary to collect enough taxes or print enough money to pay the nominal amount due.  In that sense, they are &quot;safer&quot; than my IRA, which contains investments in companies that cannot promise the use of force or the printing press to pay me my dividends.  I could shelter under the same blanket if I invested solely in U.S. government bonds, but unlike government workers, first I have to get the money to invest in the bonds.  So I have to be more aggressive and take more risks, including the risk of having my stake wiped out.  To minimize this, I try to diversify.  So far it&#039;s working, but there&#039;s no guarantee, except:

All government programs, including pensions, SS and bonds, depend on the power of government to collect taxes or print money.  Both powers are self-limiting, but the limits are nasty.  Excessive taxation stifles economic activity, drives it underground, becomes costly to enforce and requires ever more severe coercive measures (travel restrictions, invasions of privacy, etc.).  Excessive money-printing leads to inflation and, if pursued long enough, hyperinflation.  And my stake will be subject to both dangers.

So I consider my stake to be far more at the mercy of Congress than of Wall Street.  I can diversify and study my way around most Wall Street risks.  It&#039;s pretty much impossible to safeguard adequately against a Congress that ignores economic reality.]]></description>
		<content:encoded><![CDATA[<p>@Johanna,<br />
I&#8217;ll try to explain.</p>
<p>Public pensions, Social Security and welfare carry an implicit promise by the state to use whatever force is necessary to collect enough taxes or print enough money to pay the nominal amount due.  In that sense, they are &#8220;safer&#8221; than my IRA, which contains investments in companies that cannot promise the use of force or the printing press to pay me my dividends.  I could shelter under the same blanket if I invested solely in U.S. government bonds, but unlike government workers, first I have to get the money to invest in the bonds.  So I have to be more aggressive and take more risks, including the risk of having my stake wiped out.  To minimize this, I try to diversify.  So far it&#8217;s working, but there&#8217;s no guarantee, except:</p>
<p>All government programs, including pensions, SS and bonds, depend on the power of government to collect taxes or print money.  Both powers are self-limiting, but the limits are nasty.  Excessive taxation stifles economic activity, drives it underground, becomes costly to enforce and requires ever more severe coercive measures (travel restrictions, invasions of privacy, etc.).  Excessive money-printing leads to inflation and, if pursued long enough, hyperinflation.  And my stake will be subject to both dangers.</p>
<p>So I consider my stake to be far more at the mercy of Congress than of Wall Street.  I can diversify and study my way around most Wall Street risks.  It&#8217;s pretty much impossible to safeguard adequately against a Congress that ignores economic reality.</p>
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		<title>By: AnnJo</title>
		<link>http://www.thesimpledollar.com/2010/09/24/the-incredible-value-of-the-local-library-a-visual-tour/#comment-925692</link>
		<dc:creator>AnnJo</dc:creator>
		<pubDate>Sat, 25 Sep 2010 01:56:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/?p=6006#comment-925692</guid>
		<description><![CDATA[@L, I hope you don&#039;t think I was calling you lazy or overcompensated.  It sounds like you&#039;re not either of those things and FL is lucky to have you.  But that says nothing, really, about whether ON AVERAGE government compensation is rational or sustainable. 

I realize there are people who broadly talk of government employees the way you complain of and that is obviously not fair, but there has to be some way of talking about this subject as a matter of policy, without having it be seen as a personal attack on government workers. Some reputable estimates of the nation&#039;s unfunded liability on government employees&#039; pensions and retiree health benefits are truly frightening.  If you think public services are underfunded now wait until they are competing for tax dollars with future retirees.]]></description>
		<content:encoded><![CDATA[<p>@L, I hope you don&#8217;t think I was calling you lazy or overcompensated.  It sounds like you&#8217;re not either of those things and FL is lucky to have you.  But that says nothing, really, about whether ON AVERAGE government compensation is rational or sustainable. </p>
<p>I realize there are people who broadly talk of government employees the way you complain of and that is obviously not fair, but there has to be some way of talking about this subject as a matter of policy, without having it be seen as a personal attack on government workers. Some reputable estimates of the nation&#8217;s unfunded liability on government employees&#8217; pensions and retiree health benefits are truly frightening.  If you think public services are underfunded now wait until they are competing for tax dollars with future retirees.</p>
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