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redneck
1000+ Penny Miser Member
1273 Posts |
 Posted - 07/06/2010 : 09:57:07
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 07/06/2010 : 22:14:30
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This dude is living in a fantasy land, in which capitalism actually existed, rather than the real world where the govt combined with the Fed has been incentivizing consumerism and increasing debt burden on the middle class for many decades.
If the actions he mentions actually occurred for the same reasons he mentions (e.g. rich people paying less wages, and lending poorer people more money) - then so what? No rights are violated, nobody is forced to accept their wages or contracts, anyone is free to make his or her own way. But in reality this whole situation has been manipulated to occur by a mixture of lobbying and political power.
Rather than enact more ineffectual regulations or taxes against the rich, the government should be prohibited from interacting in the economy - that means ending the Fed, Treasury, US dollar monopoly on legal tender, etc. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/07/2010 : 10:00:55
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| Although it seems a little simplistic, his theory might hold some water. It could also explain the rise of the two income household in the 70s and 80s. What he doesn't fully explain is where employers got the market power to hold real wages in check. I wonder if it has anything thing to do with our deteriorating education system, where the U.S. compares poorly with most developed nations in math and science. Could it be that the average American worker lacks the knowledge and skills needed to demand higher real wages? |
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Kurr
1000+ Penny Miser Member
2906 Posts |
Posted - 07/07/2010 : 11:21:30
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It is because inmy ghumbleopinion that both the average and unaverage American does not understand the basics of economics, the function of money or what "money" is i.e. a medium of exchange.
They do not grasp that the paper dollar is NOT money, but the reciept for what money is. Most are trained that the fiat we use is in reality the medium it is supposed to represent.
They grasp the number of paper bills they recieve increase but miss that the "purchasing power" of those notes declines. Most seem to think inflationis a rising of prices due to "increased costs" and do not realize thatit is an increase in the money supply and the obvious effects of more of something easily created means less value due to rarity.
I haven't watched the video yet, video is painful on dial up. |
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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How The Middle Class Got Robbed
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