Financial Musings
#11
Gets Weekends Off
Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
So, if some guy gets caught rolling off a few near perfect $100 dollar bills in his basement, he'll get slammed with racketeering and counterfeiting charges and end up locked in a little room with a small bed and a stainless steel toilet, ostensibly because he's "stealing from all of us" by "diluting the money supply" but Janet Yellen and the Federal Reserve can do EXACTLY the same thing on an unimaginably massive scale but, somehow, that's okay. How does THAT work?
Author unknown
Author unknown
#12
This should not need saying, but it does. There are people today who think life was better in the past. They argue that there was not only a simplicity, tranquility, sociability and spirituality about life in the distant past that has been lost, but a virtue too. This rose-tinted nostalgia, please note, is generally confined to the wealthy. It is easier to wax elegiac for the life of a peasant when you do not have to use a long-drop toilet.
Matt Ridley
Matt Ridley
#13
Gets Weekends Off
Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
#14
That raises an interesting question: Why is a perfect copy of an artwork worth less than the original one? If the owner/viewer never finds out, how have they been cheated?
#15
Gets Weekends Off
Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
Even if some of you support the FED, it would certainly do the country some good if they were subject to an audit and we had the subpoena power to back it up. Buying power of the U.S. dollar prior to the FED being illegally established in 1913, approx 96-98 cents. Approx buying power today, about 4 and dropping fast. They will, in my opinion, be the ultimate downfall of our ONCE great country. I wish the politicians had as much guts as some of our military guy's and gals'. Traitors to the core they are!
#16
your libertarian life
But in modern bourgeois societies, libertarianism is the norm for most sub-national social arrangements among strangers. Visit an American supermarket. Look around. You’ll see property rights being respected. You’ll see contracts being made, followed, and enforced. You’ll see voluntary exchanges galore. You’ll find no one taking it upon himself or herself (or colluding with other shoppers or cashiers) to prohibit shopper Suzy from buying as many cans of soda as she wishes, or to demand that shopper Sam buy packages of condoms that he would prefer not to buy. You’ll find no one – again, either acting alone or in concert with others – ‘redistributing’ wealth from the purse of shopper Sally to the wallet of shopper Steve. You’ll see no one conscripting some young shoppers into a military battalion to be unleashed on a rival supermarket. You’ll find people minding their own business and, while being civil and polite to others, never officiously attempting to boss each other around. (I say “officiously” because of course it’s true that store managers do “boss” store employees, but only according to the terms of the employment contracts.) You’ll see people spontaneously creating and following law (such as, for example, the law of not leaving your shopping cart in a position to block an aisle).
Libertarianism is the default arrangement among most groups of strangers in modern bourgeois societies.
Don Boudreaux
Libertarianism is the default arrangement among most groups of strangers in modern bourgeois societies.
Don Boudreaux
#20
Slavery began soon after the invention of agriculture and disappeared only with the emergence of modern capitalism. Moreover, widespread opposition to slavery arose first in those societies that first became capitalist.
Don Boudreaux
WW
Don Boudreaux
WW
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