Economic Theory
Without reservation, I prefer “free and fair market” untouched by any theory either capitalism or socialism..or any other. However, we have some intellectuals who insisted on improviing economic theory..it seems they made a mess of it.
Austrian Economics is what I am reading now. The book “Human Action” can be looked up, it is available free on the internet for those wanting to know about it. It is based on “private property” and, naturally after all this fraud and the confiscation of private property by fraud, or Executive Order 13575 and other governmental actions I have to ask who owns this private property.
When, if ever, do they prosecute the Derivative criminals? See, those people knew the value of derivatives were higher than the GDP of all the nations. If the value is not already there it seems to be fraud. “The criminals have all gotten away” is not a realistic answer considering they must have left a paper trail and someone knows who did what. Who received the checks? Fraud doesn’t need Glass-Steagal to be illegal or criminal.
When, if ever, do the homeowners who had their property foreclosed on received their property back? There were foreclosures on property not even owned by some banks.
So, the Keynesian Economics has brought us recessions, depressions and inflation. What used to cost very little, like medications, food, any supplies has inflated so much the United States has for all intents and purposes priced itself out of the marketplace.
I remember earning $1.26 per hour but the prices of goods was low also.
The one constant is that a market must be free. If it is not a fair market you will lose customers and jobs.
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