Posted June 30, 2016
So let's recap.
I answered Trilarion's suggestion about reducing the power of money by saying in summary that reducing the power of money == throwing away the baby (capitalism) together with the dirty water (suffering). If you want to look deeper I am even going as far to say reducing the power of money only throws away the baby, and makes the water dirtier.
You proceeded to jump in as if I was saying the exact opposite? And you're doubling down on it? And I'm the buffoon?
Let me be very clear. You might inconvenience elites via capital controls short term, but the main thing you will achieve is to accelerate fascism, ergo accelerate the ongoing transition towards more and more direct national control of the economy, ergo control over "Human Action", ergo control over the lives of those masses you say you care so much about. If anything this is just the recipe to let the elites make like bandits longer term. Or in other words it's cutting off your nose to spite your face.
If you actually think international capital controls are good for whatever reason - be it economic protectionist "warfare", be it maybe reducing inequality / suffering - then make that case. But do stop with the strawmanning.
I answered Trilarion's suggestion about reducing the power of money by saying in summary that reducing the power of money == throwing away the baby (capitalism) together with the dirty water (suffering). If you want to look deeper I am even going as far to say reducing the power of money only throws away the baby, and makes the water dirtier.
You proceeded to jump in as if I was saying the exact opposite? And you're doubling down on it? And I'm the buffoon?
Let me be very clear. You might inconvenience elites via capital controls short term, but the main thing you will achieve is to accelerate fascism, ergo accelerate the ongoing transition towards more and more direct national control of the economy, ergo control over "Human Action", ergo control over the lives of those masses you say you care so much about. If anything this is just the recipe to let the elites make like bandits longer term. Or in other words it's cutting off your nose to spite your face.
If you actually think international capital controls are good for whatever reason - be it economic protectionist "warfare", be it maybe reducing inequality / suffering - then make that case. But do stop with the strawmanning.