Where Your Dreams Become Reality

Non-SMA120x60NT

What's Let's Run.com?

Highschool Front Page

Training Advice

More News in Our:
News Section!

Message Boards
Main Message Board

Turn Back The Clock! Today's Top Runners Talk About Their High School Careers

RECOMMENDED
READS

Comments, questions, suggestions, story you'd like to submit?
Email us
 
 You are reporting the following post to the moderators for review and possible removal from the forum

Poster: i <3 boobs and donuts
Subject: RE: Are we actually slipping into a depression?
Body:
ryan foreman wrote:

But above all there is a fundamental lack of trust that is supposed to be the foundation of any economy. That is the big elephant in the room. As you say, the Fed can create $100 trillion. But if it just sits on the books of banks because they don't trust anyone will pay them back, then the economy is dead in the water. And we are still heading in that direction even though Fed policies still work somewhat.


"Trust" isn't the foundation of anything; RIGHTS are. The economy is going to hell because everything that the government is doing to "fix" it constitutes a massive encroachment on property rights. When the Fed prints trillions out of thin air and gives it to its friends in the banking industry, it does so at the expense of confiscating the wealth of everyone who owns dollars, which is a violation of their property rights.
Hit the submit button below if you want us to review the post. If you feel this is urgent or want a reply, email us at letsrun@letsrun.com about the post and please include a link to the thread the post is on and what page number/post on that page it is
Your name:

 

Quantcast