Comment Re:Government goons hot on strippers tracks (Score 1) 384
Mister, please read http://mises.org/books/fed.pdf Murray Rothbard's THe case against the Fed and then come back and try to make a reasonable argument on this forum.
You're embarassing yourself by saying that free markets do not work. The United States has not had free markets since 1913 when the Federal Reserve was created. THe Federal reserve has the power to turn us into dirt-poor overnight with the push of a button. This is not free markets - this is managed markets by the government.
THe reason we are in this mess right now is due to easy credit by the Federal Reserve - they lowered the interest rate to unreasonably low levels and this triggered the home-buying mania that then jacked up prices due to high demand and easy money. This is the main reason for the housing bubble.
All I am saying here has nothing to do with stupid ideology - it has all to do with simple common sense and understanding of how the current economy works.
Do you know what would happen if we had free markets? AIG, Citi, Wachovia, and the other rascals would be out of business immediately. THere would be no government bailouts, nada, nilch! Income taxes would be really low (like 2-3%), there would be no Federal REserve and money would be backed by a commodity. THere would be no fractional reserve banking which would prevent bubbles, speculations and boom and bust cycles.
You probably have no idea what causes boom and bust cycles. YOu probably have no idea what inflation is. You probably have no idea that money to trade is like scales to ice cream stand. YOu probably have no idea that inflation is hidden tax on savers - the very same people who generate capital in order to invest in projects and grow economies. You probably have no idea what is the difference between capital and credit.
You probably have no idea about how many things are wrong with the US and world economies. You should read up on this stuff to help you understand.
And please do not tell us that the government can spend my money more efficiently than I would spend my money - this is just utter nonsense.