I agree with you there. I sympathize with your frustration. I don’t see any victim in the scrip loan either.
Yeah, the “private” bank with a governor appointed by the executive, which enjoys a legal monopoly on currency issuance. Very private indeed.
[8-)]
No, the government is very much responsible for this. Sorry if that is something you do not like hearing. As for “interest-free” money, do you have a plan for eradicating time preference, perhaps? Re currencies, Rothbard would allow for anything that consenting individuals wanted to participate in, provided it was not fraudulent.
Illegitimate privatization of government functions is fascism. The credit is regulated for the benefit of the private banking
cartel, rather than being democratically regulated by Congress as the Constitution mandates.
Well that’s the point. Fascism is no less a governmental phenomenon for its nominal privatization of various institutions.
You mean just like all those “private” companies in Iraq?
I never really got how people could say Hitler is a “capitalist”, it’s not as if the clue isn’t in the name.
And what the hell is a scrip?
Define “privatized.” As I see it, there is no difference in kind between the Federal Reserve and any given bureaucracy. Just because the government calls it “private” does not make it so.
The Federal Reserve is a private corporation. The names of its shareholders is, by law, a secret.
Yes. Blackwater was used for policing in New Orleans during Katrina. No Posse Comitatus problem.
In this hypothetical example, it is a tax coupon.
Again, you are just appealing to the government’s own definition. What makes the Fed “private”?
The US auto industry is a net negative. Theyre taking inputs from the economy (employees, materials, etc) and creating outputs (cars) that are of less value than the total value of inputs. Therefore, the ‘big’ 3 are a DRAIN upon the economy.
The Fed chairman takes instruction from a banking cabal. Congress has no control of it.
What about the Fed is public?
Just another in the endless list of half-baked interventionist fantasies.
Is that so? I gather then that I am merely imagining the fact that the Senate must approve all members of the Board of Governors.
The President appoints the Board of Governors, it was created by an act of Congress, it survives due to federal legal tender laws and taxation, it is a legal monopoly, it primarily serves to carry out the President’s monetary policy, it engages in taxation (through inflation), etc.
Now I ask again, how exactly does the Fed qualify as “private”?
Huey Long used Louisiana state scrip to build modern roads in Louisiana in the 1920s. Then,
he became so popular that somebody had him assassinated. You can look it up.
The president is a puppet who dances to the banker’s tune. Raftshol for Governor 2010
You want to be a puppet too ?
Excellent dodge. You should consider becoming a politi-
Way ahead of me, I see.