Profits motivate people to identify what others need and provide it for them.
From the iPhone to Netflix to Uber, capitalism is the driver of innovation. Government overregulation gets in the way of that innovation.
Fyi the good debate would be are those peoples deaths worth the number saved thanks to the advances? Classic would you be ok with one person being killed if it saved a million debate.
Key word is overregulation. You guys to always miss the point by being blinded by an agenda that refused to look at facts that disagree with it.
You just described yourself.
Missed it again.
See you missed it again. I never said that we don't need certain regulations for our protection. Even with some of the common sense regulation you presented there are still people dying from head injuries, still people being ejected from vehicles because they didn't wear their seatbelt but life goes on.
Banks that is another story. I suppose you are ok with banks looking after your money and maybe giving you 1% on it if you are lucky. All the while they invest YOUR money in the market at 10-12% or more. So while they get rich we get poorer because inflation averages 3% annually. Unless you can get over 3% then you are losing ground. Of course the banks won't tell you this.
Who has the biggest most expensive building in any town? Banks and insurance companies. So how is all that regulation working out for you??
All of the biggest buildings in the town I live in are casinos. An intro course in economics could do you some good.
It was the Clinton crime family head, at the time, that killed Glass Stiegal. Not cowboy Ron. Clinton also gave us NAFTA that destroyed labor.
Also don't forget, it was Clinton that sold advanced scientific and nuclear technology to China and North Korea that now endangers the world.
On top of that, neocon Hillary, the fake liberal, would probably have us in a world war by now if she had been successful in stealing the election. You fools should thank your maker that you didn't get your way on that.
Guess what genious I never said that we could not invest in the market. Did I? I was stating a fact, which the last time I checked is not whining. You are just too funny Smart Dog. I never said it was a big secret either. Another funny.
The majority of the population never bothers to learn about finances to prepare for emergencies or retirement. If it was taught in school people could start investing at a young age, by not buying into the instant gratification mentality, exercise discipline and can be a millionaire at retirement. In reality how many do we see that are retired that we see saying, "Hi welcome to Wal-Mart" or "do you want fries with that". They are working because they need the money. They were not told what they could do have done to avoid their situation. It may not be a big secret but people don't know how to map out a plan.
I've never really understood the hatred of banks. For one they are a business like any other, which means they offer products in order to make a profit. Like any other business nobody forces you to buy it. I think Arbys is to expensive for the good, so I don't go to Arbys. If you don't like the 1% u get at a bank then don't use the bank. If you don't like Wal-Mart don't shop there, if you don't like any business, don't go. If enough people agree with you than that business will either have to change their system or close down.
If people don't agree with you, than the business model is successful and you have a minority opinion which you can stand by. But businesses aren't run by minority opinion, they are run by majority opinion in order to maintain the highest profits their customers allow.
Being bailed out by our tax money is not available to all businesses.
You are correct RR, it was allowed to the largest of the large like Chevy and Bank of America. Last time I checked I don't remember hearing about Boone County or Community Bank getting a bail out do you?
Fiat currency is basically the fact we aren't on the gold standard right?
Inter bank lending seems like a basic pretty valuable tool for banks to have. Not sure what the issue is there? Just means a bank can borrow from another bank to cover a cash shortage if they've had a big run on it right? I mean if any other business has a huge run on cash they go to the bank to get more, seems odd you wouldn't like the bank being able to do the same thing every other business does?
Fractional reserve lending seems practical. Basically says banks don't have to have on site every dime their customers have in their checking accounts right? This again seems practical to me as that would mean holding a boat load of cash in banks for really no reason. It's not like every customer of Boone County in the mall is going to come in today and get every dime out of their checking account. That's like saying McD's should always have enough hamburgers to feed every single person in Marshall lunch & dinner just in case they all come in. Just doesn't seem possible as a good business model to me.
Way to much stuff pops up on just federal reserve so i'll take some time to dive into that one lol.
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