The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about." https://mises.org/library/how-central-banking-increased-inequality … https://en.wikipedia.org/wiki/Richard_Cantillon …
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social policies are completely different from socialistic economy and government. We have social programs in the united states, but our economy is free market capitalism and by no ways shall that change. Problem was venz created to much social programs and relied on one resource
We also have crony capitalism where corporations that can afford lawyers and lobbyists in D.C. capture the regulators and politicians; smaller businesses that can't are frozen out by regulations they can't afford to comply with.
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It's a rigged system, despite this, it's made the United States the richest country on a earth. Just imagine where we'd be with actual Free Market Capitalism. Mars and Venus would probably be colonized by now!
#Bitcoin will get us there, thanks to Satoshi standing on giants -
It has made the US the richest at the expense of the rest. Wonder why their is discontent..
Good thing we have plan B now. -
Wrong, other countries have implemented even more cronyism or worse, socialism. The freer the country, the richer it is. It's not a zero sum game.
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Dude if you don't think that the US running the world currency and they didn't exploit that I can't say much to you. Fill more crypto bags I suppose. The seigniorage they got from Bretton woods was crazy. We inflate(d) the worlds currency. Not just the USD.
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Many countries have per-capita income that's much higher than in the USA and that rank higher in the freedom of trade index. They have done this without reserve currency advantage. Has the USA abused this, yes, but saying it's rich because of others is wrong and oversimplified
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Okay I will concur here a bit. I shouldn't had said at the expense of others. Just the other 90% of the world. We agree a bit. I love my country don't get me wrong. I just KNOW we need separation of money and state.
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"Love" for a country is a convenient lie invented by politicians, constantly being indoctrinated into people. Love thyself, then your family, then your own place, then your "country".pic.twitter.com/JUP2las1Jx
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Well that is exactly what I mean when I said I love my country. That is my country. The worlds' people. I don't even care about geography. This country belongs to everyone as it is only land. I promise you are throwing your politics at the wrong person. I love you as much as next
End of conversation
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This is a problem for every system of state government:--preferential treatment and lobbying for it.
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