I like this please explain.
Post by twetch#1686
The money made from tariffs on china was used to bailout/subsidise farmers because of the tariffs imposed on them by china.
Our taxes used to bail out banks after they lost money on bad mortgages.
The list goes on...
What the chain says
- Block
- 658 399
- Time
- 2020-10-25T10:17:47Z
- Signer
- 1HV2XLYM3AgECHt2JFDrxX9baXCCDnRGaV
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1686
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1HV2XLYM3AgECHt2JFDrxX9baXCCDnRGaV VerifiedReplies (11)
You'd have to define 'capitalism'...
People seem to confuse the unholy union of statism and fractional reserve banking with capitalism.
Seeing that her most famous student went on to be the head of the federal reserve for decades, she must have not defined it to him either.
A lot of people went to sunday school and still ended up in the mob...
I was referring to Alan Greenspan who was Federal Reserve chairman from 1987 to 2006. He was in Ayn Rand's circle which they ironically named "the collective". The equivalent to this is St Peter opening a money changing booth after having followed Jesus.
Over-simplified capitalism, is individual/s raise funding to “sell/supply” a widget to the market and the flow of supply and demand will make it either a success or failure, profit or loss. But that falls/rises on the individual/s involved.