I just recently over heard the one line solution to all our problems: "Money is the root of all evil".
The way this sort of person talks, we should get rid of money all together. If that person picked up a book or two and started to read a little more he would properly state, "government money is the root of all evil".
Does anyone truly believe that a long time ago government devised the idea of money and all of a sudden we had a medium of exchange? That the first people to use this freshly printed money, bowed to the government because all of a sudden they were now equipped with this magnificent way to interact with each other.
Ask any person where money originated from? Thats almost as good as the man on the street interviews. Almost.
It's disheartening that most people never spend the time to think about how money originated, yet for most people it's the very thing they try to acquire the most of in their life. It's even more disheartening to see that people don't even come close to knowing the difference between government toilet paper and natural money.
Just when you think people are finally learning, someone will have a solution for our social problems with a one liner interpretation: "money is the root of all evil". Ugh!
The sort of solution-to-get-rid-of-their-uncomfortable-feeling-of-not-knowing-a-proper-answer thought reminds me of the flash crash on May 6th 2010. "It was computer error". They always evade the perfect programmers. Somehow the underlying problem is never heard of.
Anyone that believes this nonsense wouldn't even have the slightest idea, that without use of money, we would quickly slide back to barbaric times. Sadly ninety-nine percent of the population would be "sleeping with the fishes".
If you believe the rapid fall in the standard of living during the Great Depression was quick, try imagining what will occur without that so called "root of all evil."
We have all seen the look on the cashiers face when a miser gives him a hundred or so pennies to buy a pack of gum. If you believe the cashier's face at this particular instant is hysterical, then you must try as soon as possible to exchange your small box of paper clips for a pack of gum. I must warn that if you understand money and barter correctly, you may just die of laughter.
For the believers in heaven and hell let’s make an analogy. The transition phase from barter to money should be properly defined as the equivalent of going from hell to heaven. There can be no better analogy, at least for this group of believers.
If you seriously don't believe me try bartering around and see how far you can get with that kind of primitive, satanic behavior. If you wish to make it a little more interesting, try running a business purely based off barter as exchange. Best of luck to ya!
If you are somehow successful at this, I'm sure government will find a way to make sure you’re rewarded properly for your success by taxing you. Don't take it personal now. They do it to all people who in any shape or form improve society. It's the nature of the beast you see. If you’re successful there is always someone out there trying to take your credit. (Al Gore and his beloved invention, the internet, come to mind.)
Somehow the person who says "money is the root of all evil" will have to face the facts. In a world where people get disgusted by the simple act of just looking at someone, how are we to expect that person to live in a primitive society where the Kimberly Clark Corporation isn't there to sell you toilet paper?
Wednesday, July 28, 2010
Friday, July 23, 2010
Release Madoff?
Jeffrey Tucker from the Mises Institute wrote a article on Releasing Maddoff:
"Bernie Madoff stole billions from the customers of his phony investment funds, running a racket rather than a financial service. People who aren't even his victims are furious, and nearly everyone enjoyed a 10-minute sense of vengeance when the judge threw him behind bars for 150 years.
Let me weigh in with a contrary view. Free Bernie Madoff, I say.
His life is already ruined. He is a pauper. He will never again do business. From the innovative genius whose information technology in the 1960s became the basis of NASDAQ, he rose to the heights and fell to the depths where he will stay this way until death. He won't be able to be seen in public for the rest of his life without encountering scorn and derision from everyone around him...."
Read Rest Here
"Bernie Madoff stole billions from the customers of his phony investment funds, running a racket rather than a financial service. People who aren't even his victims are furious, and nearly everyone enjoyed a 10-minute sense of vengeance when the judge threw him behind bars for 150 years.
Let me weigh in with a contrary view. Free Bernie Madoff, I say.
His life is already ruined. He is a pauper. He will never again do business. From the innovative genius whose information technology in the 1960s became the basis of NASDAQ, he rose to the heights and fell to the depths where he will stay this way until death. He won't be able to be seen in public for the rest of his life without encountering scorn and derision from everyone around him...."
Read Rest Here
Intervention
Government intervention into the economy is a bad concept (as some already know). They should just let it be, thus let the markets take care of the imbalances. If this is true, why is it so hard to get the point across to people, that government intervening into other areas of our lives may have the same faith? Like laws & regulations, courts, medicine, money, etc.
Can it be that the very concept of coercive rule (government) is a failed idea, or is it just we have Idiot Savants running the show? To make my point clearer, can it be that this group of politicians (idiot savants) are bad at economics, but at the same time really good at controlling courts or police or laws, etc.?
Perhaps money managers understand that government intervening into the financial markets is bad, but they fail to understand governments intervening into law and other aspects aren’t bad. Much like how many doctors believe socialized medicine is bad, but don't understand government intervening into arbitration does just as much harm. Perhaps police being subject to government force understand this prohibits justice and peace, but these same cops don't understand interventions into financial markets are just as crazy. Essentially, most people see life through their profession. They just as easily fail to see the underlying problems.
If one understands government intervention into the economy is an idiotic idea, then one must also reassess intervention into all other aspects of our lives touched by government hands.
If this simple act of reassessment is not done correctly, the fallacious ideas that have hurt individual man for far too long will be once again be reestablished with new faces and new slogans.
The history of government has been a history of failed programs. To control information centrally by a group of people and expect them to understand what is good for the individual man is absurd. The more decentralized the better.
Not to mention the very foundation of government is based off a unethical idea. The funding for government comes from governments coercive power to scare innocent people into paying them. Some call that taxes.
In the end, who will use your money wisely: you or politicians?
Can it be that the very concept of coercive rule (government) is a failed idea, or is it just we have Idiot Savants running the show? To make my point clearer, can it be that this group of politicians (idiot savants) are bad at economics, but at the same time really good at controlling courts or police or laws, etc.?
Perhaps money managers understand that government intervening into the financial markets is bad, but they fail to understand governments intervening into law and other aspects aren’t bad. Much like how many doctors believe socialized medicine is bad, but don't understand government intervening into arbitration does just as much harm. Perhaps police being subject to government force understand this prohibits justice and peace, but these same cops don't understand interventions into financial markets are just as crazy. Essentially, most people see life through their profession. They just as easily fail to see the underlying problems.
If one understands government intervention into the economy is an idiotic idea, then one must also reassess intervention into all other aspects of our lives touched by government hands.
If this simple act of reassessment is not done correctly, the fallacious ideas that have hurt individual man for far too long will be once again be reestablished with new faces and new slogans.
The history of government has been a history of failed programs. To control information centrally by a group of people and expect them to understand what is good for the individual man is absurd. The more decentralized the better.
Not to mention the very foundation of government is based off a unethical idea. The funding for government comes from governments coercive power to scare innocent people into paying them. Some call that taxes.
In the end, who will use your money wisely: you or politicians?
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