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- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- #JanetYellen is still pretending the Fed will eventually allow its balance sheet to shrink. It won't shrink, it will explode to new highs!
- How Obamacare Got Its Groove Back - On Health Expenditure Growth and Physical Outcomes
- Please appoligize to #LizClaman if you sent her a nasty tweet. It was not even her show that cancelled me. In fact, she invited me on next week. I was actually booked on the show following hers. I got it mixed up. But they cancelled for a ligit reason.
- @ClaytonVeltkamp That is the big problem with twitter. There is no way to correct typos.
- Walter Block and Mark Skousen to Battle Over Hayekian Triangle at Anarchapulco!
- Any investment advice besides "buy gold bars"?
- #janetyellen continues to pretend that the U.S. recovery is still on track, and that future interest rates hikes are just around the corner.
- Make Your Job Amazing: Advice for the Young and Employed | Jeffrey Tucker
- With a trade war on the horizon, China, Japan, and others could even go a step further and start dumping US debt on the market. That means bond prices will tank even faster and yields will increase. That's bad news! http://bit.ly/2Hepdkk
Friday, February 26, 2016
Capitalism vs Socialism (economic theory)
Please take the time to read this. Capitalism works because it is a natural extension of biological evolution. The laws of nature govern the free market of capitalism. Socialistic ideas contradict the logic of our evolutionary past. The development of our species has taught us that the “survival of the fittest” scenario is the catalyst for evolution, innovation, and collective longevity. Capitalism chooses not to ignore the valuable lessons learned from our evolutionary history; instead it chooses to embrace them, ensuring its survival. Never confuse equality with fairness. The laws of nature that shaped our evolution dictate that individual survival is based on the ability to acquire nutrients and avoid exposure. And the quality of that survival is based on aptitude. This model is reflected within capitalism. The quality of your survival in the free market is based on your aptitude for production. The answer to the question of capitalism vs. socialism lies within another question. Do you want an equal society or a better society?