[-] MenKlash@kbin.social 1 points 11 months ago* (last edited 11 months ago)

I mean if you’re gonna criticize the whole capitalist system sure.

  1. The Federal Reserve purchases assets and thereby increasing bank reserves.
  2. The banks expand credit and consequently the money supply.
  3. All prices are raised, and the rate of interest is artificially lowered.
  4. Misleading signals to businessmen starts to emerge, causing them to make malinvestments.
  5. Businesses overinvest in capital goods and underinvest in consumer goods.
  6. As the "time preference" of the public have not really got lower, consuming is preferred over saving.
  7. There is a lack of enough saving-and-investment to buy all the new capital goods.
  8. Then, "depression" originates in order to reestablish the consumer's old time-preference proportions.
  9. The banks return to their natural and desired course of credit expansion...

FIAT money is independent of capitalism. Its coercive existence leads to distortions of relative prices and the production system, as government and its central bank will always tend to be inflationary.

[-] MenKlash@kbin.social 1 points 11 months ago

Mileiístas (in spanish).

Yes, I voted him, but to defend myself from the state. I don't think that, in the long-term, he's going to save our current crisis. In fact, I advocate for the complete abolishment of the state through agorism.

[-] MenKlash@kbin.social 1 points 11 months ago

Los estatistas dicen que, a pesar de todo, el Estado del Bienestar produce sociedades socialmente más justas. Y pretenden probarlo, porque, haciendo un empleo abusivo del concepto de «justicia», han convertido en «derechos» a satisfacer en nombre de la «justicia social», lo que no eran más que reivindicaciones propugnadas por determinados grupos políticos y sindicales.

[-] MenKlash@kbin.social 1 points 11 months ago

In other words there’s no hope

Privatize everything.

[-] MenKlash@kbin.social 1 points 1 year ago

Easy money is slavery.

The existence of FIAT money (that is, the state monopoly of the money supply) is the mere source of the business cycle and the discoordination emerged in the economy.

[-] MenKlash@kbin.social 1 points 1 year ago* (last edited 1 year ago)

The politically correct bien-pensants always fail to recognize that stereotyping is a form of inductive reasoning. If you see something repeatedly, but not necessarily without fail, you form an opinion, which is layered with a degree of truth. A subset of the human race, based on ethnicity, inclination, or geography, will spring to mind after reading each of the following words: financier, migrant worker, male flight attendant, NASCAR driver, sprinter.

I'm sure most of us immediately conjured similar images. Yes, it is unfair to impose a group characteristic onto an individual, but we did so nonetheless. To belabor the obvious, each of us is an individual, not a group. When the stereotype is proven fallacious for an individual, move on.

[-] MenKlash@kbin.social 1 points 1 year ago

Okay, so you admit you have no idea how economics work.

You're not even trying to counter-argue my argument.

[-] MenKlash@kbin.social 1 points 1 year ago

Conscription is slavery.

It doesn't matter if everybody is drafted, it won't change that fact. I think the problem is the existence of the so-called war, that is, mass murder. Who are the ones behind of all that coercion? The state.

[-] MenKlash@kbin.social 1 points 1 year ago

You cant have a free market without a government enforcing anti monopoly laws.

A free market is not free at all if the government is stepping in any voluntary exchange.

The existence of "anti-monopoly" laws has caused more harm than good by protecting particular competitors, not competition. In fact, monopolies can only survive through government-grant privileges, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a free-market setting.

"A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas."

[-] MenKlash@kbin.social 1 points 1 year ago

I don't know too much about the MAGA movement, as I'm not american, but thanks for sharing your views.

[-] MenKlash@kbin.social 1 points 1 year ago

Touch some grass, please.

[-] MenKlash@kbin.social 1 points 1 year ago

In a short-term, yes. Long-term? A complete disaster.

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MenKlash

joined 1 year ago