Yeah that wasn't the point. @6345 was using the analogy of Sunday school. Greenspan wasn't a Sunday school person who did the opposite of what he was taught. He was a direct disciple of Rand for decades before he took his position.
Post by twetch#4245
I don't get it. What is the difference between our analogies?
Or are you saying that Rands idea of capitalism is represented in the fractional reserve banking system?
What the chain says
- Block
- 658 555
- Time
- 2020-10-26T10:42:09Z
- Signer
- 1GwecezoL8jciHU2Ysyupxrnv18JMGAV6R
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#4245
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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1GwecezoL8jciHU2Ysyupxrnv18JMGAV6R VerifiedReplies (2)
I don't know her stance on fractional reserve banking. Do you?
The term 'capitalism' is used by many to describe what people dislike about our system in general and by others to describe private property and the free market
Hence the need to define terms
The difference is the closeness of the student and teacher. Greenspan read the new chapters of Atlas Shrugged as it was being written, in the same room as the person who wrote it. A kid in Sunday school reads things written from people who aren't present.