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It is generally well known and accepted that the USA has a "mixed economy", essentially making it a capitalist/socialist hybrid. It's been this way for over 100 years. The creation of the federal reserve is more significant than the bailouts a decade ago. The bailouts probably would not have happened to such a large extent had the federal reserve never been created. Blame Woodrow Wilson.
There's no such thing as a completely free market, since state power is always involved in establishing markets in the first place.
But Trump being pro tariff and protectionist is proof enough that laisseiz-faire, neo-liberal economic policies are no longer the Republicans forte.
There's no such thing as a completely free market, since state power is always involved in establishing markets in the first place.
We don't have a free market system. It's brutal cut throat competition for some, and government appointed paradise for others. This is why the founding fathers wanted small government. So that government isn't creating tyranny by picking winners and subjecting others to misery and hardship.
Quote:
Originally Posted by DT113876
There's no such thing as a completely free market, since state power is always involved in establishing markets in the first place. But Trump being pro tariff and protectionist is proof enough that laisseiz-faire, neo-liberal economic policies are no longer the Republicans forte.
The republicans created many tariffs over the past 100 years. They are not unique to any one party.
Trump is not a traditional republican though. He has been a democrat for much of his life. It is refreshing to have someone who can work for both sides of the aisle.
It is generally well known and accepted that the USA has a "mixed economy", essentially making it a capitalist/socialist hybrid. It's been this way for over 100 years.
Capitalism in the US really died with the bank + auto bailouts in 08-09, but if you had any doubt capitalism was dead in the United States the deal was sealed in March 2020. Quantitative Easing has been restarted and it looks like it will be QE infinity. Helicopter money is about to be dropped too. The repo market has been nationalized and there are also talks of multiple industry bailouts. Capitalism is no more in this country.
Make socialism great again!
War and pandemic are 2 big reasons for any country to lean towards socialism. No one save maybe Bernie wants to keep this sort of fiscal movement up for any length of time!
In 1971 President Nixon took America off the Gold Standard, & our currency was replaced with "Fiat Money".
More recently, Ron & Rand Paul challenged the Federal Government to open up the safe at Fort Knox to see what's inside, but I don't recall if their challenges were ever met. I don't want to know.
I read somewhere that a Dollar is really worth 33 cents, but I don't recall the details. Probably some ratio between the real money, and the funny money, I suppose.
I keep a safe deposit box filled with Silver Eagle's for when the stuff hits the fan. I also hold GLD ETF for the same reason, (soon to be converted to gold coins) and TIPS to hedge against runaway inflation. I'm debt free. That makes me better off than 95%, give or take.
So, I made my money as an entrepreneur in the Blue Pill World of the Matrix, but afterwards, I took the Red pill, and converted my Fiat money into hard assets.
In this way, I manipulated the system to create my own artificial US Capitalist society of One.
I hear the virus has not taken kindly to gold and other PM's. Also Bitcoin is another eye opener!
It could be too early I guess...
And the 17th amendment, passed in the same year, was designed to keep it that way.
Sexist comment for sure. Obviously you must not be married or your wife would have corrected you long before!
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