bripat9643
Diamond Member
- Apr 1, 2011
- 170,164
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No there isn't.
That's Communism, NOT Fascism.
There's a lot of people starving to death, and dying from lack of healthcare in Capitalist countries.
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No there isn't.
That's Communism, NOT Fascism.
There's a lot of people starving to death, and dying from lack of healthcare in Capitalist countries.
t's the opposite of economics, as is fascism.There's quite the number of theories, but fact is Hoover wasn't a big spender.
What does that have to do with credit inflation by the Federal Reserve?
Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.
That means these Austrian Libertarians believe that Capitalist investments are a big problem.
Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.
Communists predicted the financial panic of 1929... Back in 1928.
The Great Depression, to 1935
In 1928 the Communist International (Comintern) claimed that capitalism was entering its third stage since the Great War: stage-one being the crises just after the war; stage-two the recovery that followed in the mid-twenties; and stage-three being a crisis created by the old problem of production out-racing consumption. By 1932, rank and file Communists were impressed by the Comintern's analysis. With Karl Marx having predicted the fall of capitalism, they saw capitalism as having entered its final crisis. The failure of capitalism, they believed, would bring the discontented masses falling in behind Communist Party leadership and then they would be able to overthrow the capitalist system – matching economic inevitability with human activity.
No there isn't.
That's Communism, NOT Fascism.
There's a lot of people starving to death, and dying from lack of healthcare in Capitalist countries.
I plan ahead every day (both in my private life and in my professional life). The difference is, I’m not a desperate, dumb, dictator-wannabe who thinks he has the right to “plan ahead” for others.I think you're talking about yourself, you have piss-poor ability for abstract thought, planning ahead, logic, or factual analysis.
That’s socialism. And you have openly advocated for socialism right here in this thread.
That's Communism, NOT Fascism.
Dear there4eyeMAs fascism conserves all power to the central authority, it is the antithesis of 'liberal'.
I plan ahead every day (both in my private life and in my professional life). The difference is, I’m not a desperate, dumb, dictator-wannabe who thinks he has the right to “plan ahead” for others.I think you're talking about yourself, you have piss-poor ability for abstract thought, planning ahead, logic, or factual analysis.
We get it...you feel completely incapable of running your own life (and rightfully so - dumb polack). But just ask a friend or family member to be your parent for life. Don’t ask the government to do it.
Percentage of ownership need not be established since a command economy establishes socialism, not capitalism.Simply having a central banks means we are socialist and have a command economy.
that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.
The concept of “ownership” needs some explaining here, however. The member banks must by law invest 3 percent of their capital as stock in the Reserve Banks, and they cannot sell or trade their stock or even use that stock as collateral to borrow money. They do receive dividends of 6 percent per year from the Reserve Banks and get to elect each Reserve Bank’s board of directors.
The private banks also have a voice in regulating the nation’s money supply and setting targets for short-term interest rates, but it’s a minority voice. Those decisions are made by the Federal Open Market Committee, which has a dozen voting members, only five of whom come from the banks. The remaining seven, a voting majority, are the Fed’s Board of Governors who, as mentioned, are appointed by the president.
The Fed is a little defensive about the question of ownership. In its Frequently Asked Questions section, the Federal Reserve Board says: “The Federal Reserve System is not ‘owned’ by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.” It continues:
Federal Reserve Board: As the nation’s central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as “independent within the government.”
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
Federal Reserve Bank Ownership - FactCheck.org
That’s because dumb polacks can’t figure out how to feed themselves...1 Every second a person dies of hunger
That’s because dumb polacks can’t figure out how to care for themselves...2 The world’s biggest health problem
Then why does it always end in collapse? Nice fake chart.Fascism has achieved better economic growth overall than Capitalism.
I plan ahead every day (both in my private life and in my professional life). The difference is, I’m not a desperate, dumb, dictator-wannabe who thinks he has the right to “plan ahead” for others.I think you're talking about yourself, you have piss-poor ability for abstract thought, planning ahead, logic, or factual analysis.
We get it...you feel completely incapable of running your own life (and rightfully so - dumb polack). But just ask a friend or family member to be your parent for life. Don’t ask the government to do it.
I plan ahead every day (both in my private life and in my professional life). The difference is, I’m not a desperate, dumb, dictator-wannabe who thinks he has the right to “plan ahead” for others.I think you're talking about yourself, you have piss-poor ability for abstract thought, planning ahead, logic, or factual analysis.
We get it...you feel completely incapable of running your own life (and rightfully so - dumb polack). But just ask a friend or family member to be your parent for life. Don’t ask the government to do it.
Then why does it always end in collapse? Nice fake chart.Fascism has achieved better economic growth overall than Capitalism.
I plan ahead every day (both in my private life and in my professional life). The difference is, I’m not a desperate, dumb, dictator-wannabe who thinks he has the right to “plan ahead” for others.I think you're talking about yourself, you have piss-poor ability for abstract thought, planning ahead, logic, or factual analysis.
We get it...you feel completely incapable of running your own life (and rightfully so - dumb polack). But just ask a friend or family member to be your parent for life. Don’t ask the government to do it.
Your guys (Austrian School of Economics) actually believe that the Great Depression, and the Great Recession were caused by easy credit which causes over-investment, and a boom, and bust cycle.
That means these Austrian Libertarians believe that Capitalist investments are a big problem.
Ludwig von Mises is the only economist to predict the financial panic of 1929 - the only one.
Communists predicted the financial panic of 1929... Back in 1928.
The Great Depression, to 1935
In 1928 the Communist International (Comintern) claimed that capitalism was entering its third stage since the Great War: stage-one being the crises just after the war; stage-two the recovery that followed in the mid-twenties; and stage-three being a crisis created by the old problem of production out-racing consumption. By 1932, rank and file Communists were impressed by the Comintern's analysis. With Karl Marx having predicted the fall of capitalism, they saw capitalism as having entered its final crisis. The failure of capitalism, they believed, would bring the discontented masses falling in behind Communist Party leadership and then they would be able to overthrow the capitalist system – matching economic inevitability with human activity.
The communists have predicted a financial panic every year since the death of Karl Marx. Communism isn't economics. It's the opposite of economics, as is fascism.
Where's your proof?
The labor theory of value is obviously absurd. That's all the proof needed.