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Politics : President Barack Obama
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To: Alex MG who wrote (132684)4/4/2013 7:52:37 AM
From: RetiredNow  Read Replies (1) of 149317
 
Your post is so full of inaccuracies I'm not sure where to start. Free markets require a stable money supply. A stable money supply can be achieve in a fiat currency regime, but it usually is not achieved because the very human temptation to print money and manipulate interest rates to avoid the pain of short term adjustment periods is simply to hard to resist, especially with the prostitutes in Congress breathing down your neck.

The period from the 80's onward, which you call the "Raygun / Libertarian / Repugnican" period was not a period that was on a gold standard nor a period where we had a stable prices. The fact is that we've had almost constant inflation since the Fed was created and 99% of the value of the dollar has been eroded since then. That is a direct tax on you, that you were never given the chance to vote for or against.

Lastly, free markets don't operation properly in an environment free of laws and regulation. That is a myth of both Republicans and Democrats. Free markets can ONLY operation optimally when there are strong laws guaranteeing property rights and prevent cronyism and corruption and sound regulations that fight against monopolies and ensure a level playing field for participants.

What we've had for 30+ years is increasing debt, lawlessness, cronyism, war and manipulated money. Those things all have eroded not just the functioning of our free markets, but our freedom itself. Freedom and free markets are intertwined and inseparable. That another point most people don't pay enough attention to. As we lose our economic freedom, we lose our individual freedoms. That why socialism and communism always seem to be coupled with governments that so tightly control their populations on every little aspect of life.
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