Post
Topic
Board Economics
Re: Is it true that the Fed is privately owned
by
Adrian-x
on 03/06/2013, 18:25:01 UTC
Nobody can prove anything in any scientific way, however.

"The significant problems we face can not be solved at the same level of thinking we were at when we created them." - Albert Einstein

Alpaca John, if I were to Critique as objectivity as possible the outcomes of modern economic theory coming out of the dark ages it would be:

Experiments:
Capitalism born out of Feudalism (the principal of free market provides greatest benefits)
Capitalism failed to deliver (catalyzed by resorting to force in WWI)
Socialism was born (catalyzed by the end of WWII )
Communism born alongside Socialism. (Abandoning free market)
Communism failed (lack of free market benefits)

We have tested combinations of socialism and all hybrids variations are about to fail.

Yet critics blame Capitalism (free market principles) as the problem while objectivity it is the the glue in every  marginally successful system tested.

They look at the exploitation of human and natural capital that happened during the industrial revolution and blame human nature.  When in fact the issue is a combination of memes not human nature. The most perverse being the concept of property rights, being a human right.