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- Trump is right about one thing – the massive trade deficits are a problem. In fact, the twin deficits in trade and the federal budget will doom the stock market. But Trump is wrong in thinking tariffs are going to solve the problem. http://bit.ly/2FttcMu
- US Has Been in Recession for Entirety of Obama Presidency (Video) @SchiffGold http://bit.ly/1SXwaVy
- The discovery process in student athlete wages
- Silver Mining CEO: Triple-Digit Silver Prices Coming in the Near Future https://t.co/naJYtAg6UW @SchiffGold
- From CNBC. http://bit.ly/2982xRg
- Perhaps the most clueless #SOTU ever. Far from being sound, our union is on the brink of the greatest economic crisis in its history.
- Ronald Reagan had the integrity to stand by Volcker when Volcker was doing something that was very politically unpopular. A lot of people were being hurt by these sky-high interest rates, but Reagan stood behind his Fed chairman. http://bit.ly/2BJIJG2
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- David Stockman: We believe strongly that a bond market ‘yield shock’ will be the crash-trigger this time around. The central bankers have unleashed a credit monster. $67 trillion in the US, $40 trillion or more in China & $230 trillion on a global basis. http://bit.ly/2oPaRPO
- http://bit.ly/1g6V2h9
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?