reply to post by sty
Nowhere did I say that THAT is our best approach to solve our current market calamity. You're putting words in my mouth. I'd like that to stop. I'm
simply saying that the Fed as it is NOW is better than it would be under government hands. Sure, we wouldn't have interest, but we'd print money
like there's no tomorrow and screw the future generations out of their wealth as we leech off the promises of the future. Is this not the basis of
Spend into debt now and make the future pay it back?
I've looked at Northern Europe and yes, they have some decent models, but none of which I completely agree with. If everyone were like me, then I
would say - good, let's take one of these European systems like Finland's or Sweden's and use it here.
But you ignore several different variables.
1. Our size and population.
2. Our hubris.
3. Our culture
We have not had time to "mature" to this oh-so-inevitable destiny of realizing capitalism is evil and socialism is the future, as you proclaim. In
fact, I would argue the contrary.
-6000 years ago, man was living in caves, communally, with two basic classes for everyone. Life was so much simpler then. There was no trade;
everything was shared. Oh, and lifespans were short, people could slaves, etc. etc.
Seems to be that "capitalism" and individualism is TRUE progressivism, not as you leftists have opined for years "social democracy". If you remove
gov't interference and thus all "communal" decision, everyone will act in a matter that fits rationally within the bigger picture.
By far, America is the closest country in the world of its stature to this ideal. That's why it's been an experiment. And I might add, it served us
the first 200 years of our existence fine, until we started adopting these "ideas" that seemed so bloody obvious to you guys across the pond.