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JACKSON HOLE, Wyo. — Federal Reserve officials and economists appear increasingly united in their view that the partisan gridlock on fiscal policy in Washington has clouded the prospects for a faster and stronger recovery.
“Central bankers alone cannot solve the world’s economic problems,” Mr. Bernanke said in what became a theme of the annual Fed policy symposium here, organized by the Federal Reserve Bank of Kansas City.
Originally posted by EnlightenUp
Do Bankers' selfish action carry equal weight to the less-selfish actions? In other words, can they more easily damage or strain an economy than revive one? Their very presence would seem to be a resource drain in the form of usury.
Originally posted by Jean Paul Zodeaux
Economic problems are caused when the economy is mishandled by people who have little to do with actually adding any value to the economy. Economic problems are fixed when those who do add value to the economy are able to do so free from the restraints of government.
So they can decide how and when they profit from taxpayers uncionably, but taxpayers have no right to say anything about it?
Let's just cut the BS and call US as what it is, a facist dictatorship. The sacred Constitution hard won with the blood of the founding fathers for freedom is no more.
I seriously debate with myself on what should and what should not be done for profit motive. My final conclusion: absolutely nothing.
Could a capitalist community exist under a centrally regulated marketplace?
I'm trying to imagine a capitalist community in the way we tend to think of capitalism, in the sense of being profit-driven private ownership. It seems like an oxymoron since it's basically the opposite of community.
"Reason is man's only proper judge of values and his only proper guide to action. The proper standard of ethics is: man's survival qua man—i.e., that which is required by man's nature for his survival as a rational being (not his momentary physical survival as a mindless brute). Rationality is man's basic virtue, and his three fundamental values are: reason, purpose, self-esteem. Man—every man—is an end in himself, not a means to the ends of others; he must live for his own sake, neither sacrificing himself to others nor sacrificing others to himself; he must work for his rational self-interest, with the achievement of his own happiness as the highest moral purpose of his life."
Are you sure? A competitive, self-interested, profit-seeking and unified body of individuals? If I were to resolve the cognitive dissonance of that conundrum, I'd call it a "corporation."