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Comment Re:Really? (Score 1) 940

Not quite. Inflation is simply an increase in the money supply. But the new money doesn't get handed out evenly. That's the point. When you bail out the banks they get to spend or invest with it which causes bubbles in those markets. You would only have general rising prices if the money was handed out to everyone.

Comment Re:We've only got ourselves to blame (Score 1) 381

This is really a result of the crappy econonmy due to the wars and banker bailouts. In the 90's when I started working this crap didn't fly because I had a couple of standing offers in my pocket. I did eventually switch jobs due to a new boss that would play games. He seemed surprised when I gave my 2 weeks notice and immediatly said he could counter-offer. I said no thanks because all that would do is cause them to keep you on long enough to look for a replacement.

Comment The mind is very powerful (Score 1) 668

It is amazing how much effect the mind has over the body. I'm not saying placebos can cure cancer but if you got people to believe things like backaches, migraines, ulcers, etc when there are no signs of injury could be cured. I had horrible backaches until I read a book by Dr Sarno and realized it was all in my head. When I figured out I was repressing anger it all went away. That might have been a placebo as well but it worked wonders.

Comment Re:Capitalism is like nuclear power (Score 1) 348

Capitalism has nothing to do with harnessing greed.

If you want to try an engineering analogy think of Economic systems as Control Systems linking allocation of resources and production to what consumers want. Capitalism is the best system because it has feedback in the form of proftis and loses. Entrepreneurs take an educated guess as to what people want and how to arrange resources to meet that demand. Freely set prices let them (and the rest of the market) know if it's a good idea (profits) or bad idea (loses). If you make loses it means you are not using resources efficiently and those resources are freed up. If you make profits it means you are doing a good job and you get more resources to work with. If you make "Outragous" profits this gets the markets attention and other people will move into your market driving down profits towards an economy wide average.

Every regulation and political policy that gets in the way of this process makes things worse. Central planning by definition means overriding consumers choices and makes things worse.

Comment Re:Great. (Score 3, Insightful) 391

OK so they ban mills. I can make a mill from stepper motors and linear slides. Going to regulate those as well?

You ae missing the point. Libertarians (actually the agorist wing) is doing this because this is how your bring down the State. Just like the drugs are finally starting to be legalized only after it becomes obvious how tyrannical and unjust the drug war is.

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