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- "Income Inequality" - What Austrians Understand & Liberals Ignore
- U.S. homeownership rate just fell to 63.4%, its lowest level since 1967, while median monthly rents rose to $804, an all-time record high.
- Lone Star Tangible Assets will build the facility in the city of Leander, located about 30 miles northwest of Austin. http://bit.ly/2yN9fK6
- The surging operating debt is a reflection of a growing deficit since the dollar gold standard was terminated in Au… http://bit.ly/2jr7EqL
- Fiat currency has led to a massive growth of government,inflation, asset bubbles, and weak economic growth. http://bit.ly/2yo1Pk2
- #Obama is wrong, tax avoidance is not the problem, it's the solution. The problem is the taxes!
- Chinese farmer invested life savings in stocks, lost it all
- We could see a significant increase in the price of silver based on supply and demand fundamentals. http://bit.ly/2z34sZf
- Notice how #JanetYellen does not talk about maintaing price stability, but 2% inflation. Prices rising 2% every year is the new stable!
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
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?