Who wan’ts to be a Keynesian?
When libertarians can’t tell when they’re making an argument against capitalism.
Ok hold the fuck up. This is an argument against big government. Keynesian economics.
A. Libertarians stand against a government run central bank.
B. Libertarians want low taxes for all.
C. Libertarians are against government spending and corporate welfare.
Laissez Faire capitalism is the only solution. It is not created by humans but is human action.
Laissez faire is not the best solution but it’s far better than what’s going on now. LF capitalism is completely unregulated and that promotes monopolies and top down business practices. Now that’s not all good. But LF with some regs is great.
Monopolies can’t exist under LF capitalism, a monopoly is government created. The only monopoly ever created without government regulations is De Beers.
^A great video deconstructing what a monopoly is.
Now that is something I’ve never heard. If that Is true then why did Teddy Roosevelt have to create all those laws busting up trusts? LF capitalism reigned supreme before he entered office. Standard oil and the like all had monopolies. Carnegie Steel controlled rail prices.
But I’m going to look more into this.
Carnegie Steel became a monopoly only because the government subsidized it in an attempt to speed up the production of rails to the west. The same went with Standard Oil. The government issued patents and tariffs gave Standard Oil and unfair advantage.
"Laissez faire capitalism with some regulations" isn’t laissez faire capitalism. :P