Sunday, February 28, 2010

Only Fools Think That Money Originates With The State.

One slight modification, there are different genre of fools and those individuals with socialistic thinking is one of these genre.

Is there anyone that is more of an ego-driven interventionist than the head of the International Monetary Fund? Certainly it is a very bad combination to have someone who is ignorant of economic realities in combination with having the power to try to implement ego-driven interventionist schemes.

The economic reality is that money originates in the market as a commodity. This is proved by the regression theorem of money. There are fools that try to mandate monies but eventually the market spits out that poison!

The question is: How long before the peoples of the world recognize those who are ego-driven interventionists and emasculate the corrupt political system that allows them to inject their poison?

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