A Free Market in Money
September 16, 2009
– Comments (4)
"All labor is alike. All wage earning is slavery. Let us organize as slaves, rise, destroy the boss and be free. This is War! Class War! The employer and the wage slave have nothing in common. They are enemies forever. In one big union of all wage slaves we shall have the power to ruin capital simply by withholding our hands, by giving the least for the most, by secret acts of sabotage. Thereby we destroy private profit. When we have destroyed private profit we have destroyed the wage system. When we have done that we may take the means of production intor our own hands and the world is set free." - The theoretical justification for modern government and union policy.
Anthony Evans figured it out. The comments are so sad though. Are some people incapable of employing logic? Don't take my word for it though. I could just be biased towards freedom (what a horrible, evil concept!).
Don't regulate banking – liberalise it
My two cents:
1. Every monopoly in history has persisted due to direct or indirect government assistance.
2. Every antitrust case did nothing but hurt consumers, help the established market leader, or crush competition, or all of the above. (See Antitrust and Monopoly: Anatomy of a Policy Failure)
3. Central planning doesn't work. The market is the collection of individual actors. The planners plan nothing but failure. They can't peer into the heads of every actor to find out the subjective vales and preferences.
4. If you believe the Federal Reserve can plan interest rates, why don't they plan steel production, wheat farming, microchip manufacturing?
5. The most effective regulation for any business on the planet is bankruptcy. Anything else, including the noble, loving, caring, compassionate, superhuman regulators of the Left's fantasy world, are a step down.
David in Qatar
RSS Headlines
Fool UK