tag:blogger.com,1999:blog-6966265797906043497.post2307502889986974553..comments2024-01-29T05:40:38.833-08:00Comments on Very Dumb Government: Make Your Own FutureUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6966265797906043497.post-45866879951267703442013-03-03T13:25:52.939-08:002013-03-03T13:25:52.939-08:00Dear Al, you are correct that college degrees have...Dear Al, you are correct that college degrees have de-evolved into mere work passes. The majority of subjects and wasted tuition paid for useless diplomas should be a scandal of national emergency. Economics as taught leaves graduates less qualified upon leaving the university than when they entered it. However your understanding of economics is just as flawed and based upon the fraudulent dogmas of the Austrians. "Buy cheap and sell dear" was the actual philosophy of the East India Company. Hopefully you know that the American Revolution was a rebellion against it. (There are many shill websites that vilify and cherry pick history) You are dead wrong and dangerously ignorant if that is all we need to know about economics. <br /><br />True economics was based upon the philosophies of Leibniz, (not Adam Smith, Mandeville or the satanic Bentham) that is creating those physical goods required for the well being of humanity by creating more essential goods with less effort. Therefore if we had a real economy, our #1 priority is to create new and higher order energy sources, such as fusion. <br /><br />So how are we to rely upon private enterprise to raise the economy? Should we allow private companies to build our infrastructure? Well perhaps you recall how the removal of regulations of energy production nearly bankrupted California? Lincoln said it right: that labor creates capital and capital does not create labor. Therefore how do we fund labor to create capital? The answer is how Lincoln saved the world from loosing rule by the people and for the people.<br /><br />Alexander Hamilton created the National Bank, it was a bank for the people and by the people. It lent money at low interest to ONLY physically productive enterprises and infrastructure projects. This is how the Erie Canal was funded, which opened the Ohio Valley to settlement. This is how Lincoln won the Civil war and emerged as the world's greatest power; and only 5 years prior we were a hopelessly bankrupt nation. Thus, not money, but CREDIT funded labor which created the capital of 1000's of new farms and businesses. <br /><br />Hamilton and the the Adams' understood this, they understood the difference between Leibniz and the British free traders. Adam Smith was a laughing stock and if you don't educate yourself about economics you will fare little better.<br /><br /> Here is one for starters: http://larouchepac.com/node/22497 stephen colemanhttp://new-holistic-medicine.comnoreply@blogger.com