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Anything is possible in free markets. Specially "centralization" or "monopolies". They are the most wealthy of any type of organizations. Lets not even mention private armies.
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They do have a great education system.
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I kind of like that AE ideas are gaining acceptance. However, the article does not develop enough on AE. But it is a good step and eventually could have a serious impact. Ron Paul is improving his chances of winning and talking good stuff. Hope you enjoyed it.
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http://www.economist.com/node/21542174 I will be discussing with you about this interesting article. Interesting to see the Austrian School in the picture ah??
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I find their work to be useless. Like all econometric models they fail when you need them the most. Keep reinventing the wheel.
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I dont know if I am one of the 99%. But we all must realize that there is such a thing as a 1%. If you dont want to see it...........well...............blindness by choice.
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I will vote for him if given the change. I also donated to his campaign just yesterday. Although I don’t necessarily agree with him on everything, he is the only capitalist I know. The rest are a bunch of socialist, they just disagree on what so suck on.
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Fractional Reserve Lending is the cause of all bubbles. Central Banks were born to ensure the survival of FRL and to expand bubbles. IF you kill FRL you would have effectively abolished Central Banks. The higher the reserve requirement, the lower the bubble capacity of the system.
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[quote] In regards to economics I thought socialism was was when the government has a complete monopoly over a specific industry and removed all price mechanisms and profit motive from the industry. An example of that would be rubbish collection in the UK. Where it can even run at a loss and continue on. While an example of fascism (italian fascism
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[quote]When speaking in terms of economics; corporatism, economic planning and social intervention are very strong traits of a fascist regime (although each fascist regime had their own nuances). The US definitely has corporatism in play, everyone and their mother has a "plan", and they are highly active in social intervention. This is true