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kiminokami (November 30, 1999 at 12:00 am)
You follow Zeitgeist? I don't know the proper insulting word for you.
kensho3 (November 30, 1999 at 12:00 am)
wrong about Milt (I may be) or wrong about the fed (i'm not wrong on that!)?
hughugh (November 30, 1999 at 12:00 am)
Friedman is a straight monetarist. You, on the other hand, don't know the first thing about economics.
louiethegreater (November 30, 1999 at 12:00 am)
Milt, forgot to mention who gained the wealth.
kensho3 (November 30, 1999 at 12:00 am)
You tell'em Milt. ABOLISH THE FEDERAL RESERVE!
moichidomoichido (November 30, 1999 at 12:00 am)
Friedman is full of shit. Checkout Zeitgeist Addendum for a better explanation of how this little scam works.
moichidomoichido (November 30, 1999 at 12:00 am)
"Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible . When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of governmen t , applied by a central power of wealth under control of leading financiers.
moichidomoichido (November 30, 1999 at 12:00 am)
This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance . Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished." USA Banker's Magazine, August 25 1924 "
zsylvana (November 30, 1999 at 12:00 am)
We are already at the beginning of a full-blown worldwide depression with extensive unemployment almost everywhere. It may take the form of a classic nominal deflation,with all its negative consequences for ordinary people. Or it might take the form, a bit less likely, of a runaway inflation, which is simply another way in which values deflate, and which is even worse for ordinary people.
Gugguggug (November 30, 1999 at 12:00 am)
Have you ever run a business? Your presuming that selling prices will stay the same for a business while their expenses go up. Most of a businesses expenses are to other business, meaning that's not so. The current problem is largely because the developed countries have stopped making stuff, which is the foundation of wealth and run out of credit, ergo broke. |
