Quote:
Originally Posted by esspoker
For me Thomas Sowell spells it out clearly. I have a constrained vision of the world not an unconstrained vision. Or Tragic vision not a Utopian vision. I am skeptical of idologies that attemtp to fix human nature and I am happy with how much progress has been made since Adam Smith came around.
Quote:
Originally Posted by ChiddyBang
Sowell is a badass. You ain't black if you don't like Sowell
As brilliant as Sowell is it took him until about only 10 years ago to say the "Fed is a cancer." Milton Friedman was a snake-oil salesmen and a keynesian, just like most conservatives are keyesians without realizing it, because they never talk about gold backing the currency.
Everything is decaying in society because of the Federal Reserve and having gone off a constitutional gold standard. You can't have freedom and prosperity when your currency is a debt instrument.
I am as far right as you can get. I can't stand Bernie Sanders and his supporters, but his supporters are unironically 1000% correct about "income inequality," the problem is they have no idea how it is happening, and it is because we do not have sound money anymore. The issue is not minimum wage, the issue is prices are rising too fast. Rich people paying taxes or not has nothing to do with rent and bread becoming more expensive.
Conservatives mock liberals and say "work harder" or "get better educated, min wage isnt supposed to be a living wage." This is good advice but doesnt get at the root of the problem. There are lazy entitled millenials out there but that is not anywhere near the sole reason 1/3rd of millenials live with their parents. It is harder to save and get ahead today. Liberals are right, but for the wrong reason. Conservaties telling millenials to work harder is like telling a venezuelan to work harder even though that extra money doesnt buy you 1 carton of eggs because the currency is worthless. Of course we arent as far as venezuela yet, but it is the same concept.
"In the absence of a gold standard it is impossible to protect savings from confiscation through inflation, there is no safe store of value." - Alan Greenspan (1966).