Daily reminder the first country to eliminate their central bank and allow free market banking will have the highest living standards on earth within 5 years.
Massive high paying service sector jobs with dominate this country's economy to consume the goods the rest of the world has to produce for it.
The workweek would shrink to 2-3 days a week and people would retire much earlier. This will also lead to more jobs becoming available.
Everyone would have high saving rates. Houses would be inexpensive. Debt would be strongly discouraged economically.
Massive automation would take place as the cost of capital goods would be extremely cheap. This will lead to massive levels of technological innovation.
It would be extremely easy for the average person to start a business due to the cheap cost of capital goods.
Daily reminder actual free markets have prices falling all the time instead is going up.
Daily reminder America never had a system of free market banking for most of it's history. There were only patches of American history with free market banking. The panics that happened during the 1800s were due to government intervention in the banking sector. Sweden had the longest most successful period of free banking and that's what made them really rich.
Daily reminder the longest period of (relatively)free banking in America coincided with the INDUSTRIAL REVOLUTION where wages rose and prices fell.
Daily reminder central banks are the very reason the economy is a pile of shit and our generation is so fucked.
Basically what I'm saying is if we had a free market, the entire fucking country would be disneyland or universal studios and people would barely have to work.
Why would you NOT support this unless you were a shill that hated white people?
>So what would stop one company getting a monopoly over the whole country and then forcing people to work 60 hours a week and live in shit conditions? The free market.
Monopolies can only happen as a result of government.
Luke Lee
Daily reminder your country will be considered as terrorist state and in need of immediate freedom&democracy™ as soon as you eliminate central bank
Landon Sanchez
The free market doesn't stop one company buying all competition, and making it impossible for any smaller start ups to compete, nothing stops this same company literally killing, stealing from, or blackmailing competition to annihilation, this is always the end result or any free market with one company effectively becoming government over the people it has a monopoly over
Ryder Johnson
It does, actually. If the company is making enough money to buy all other competition, whatever industry it's engaged in will attract attention and companies dependent or related to it will have any active incentive to reduce this powerful company's influence on the market, ie do business with smaller competitors.
Hudson Sanders
>this is always the end result of a free market Name one instance where your middle school fantasy happened in a free market.
Levi Bailey
And if the company buys those companies? Free market only works as long as there is healthy active competition but over time companies will get bigger and more powerful until there are no smaller companies left
No idea what middle school is faggot but why would this be a fantasy, I used to be 100% for the free market until I started working for a major corporation and experienced all the corruption and self interest, the only thing that stops my company from fucking people over is regulation
Evan Murphy
>nothing stops this same company literally killing, stealing from, or blackmailing competition to annihilation Yes. Either the government or polycentric legal force does.
Doing this is highly illegal.
You are a fucking idiot. Just stop posting holy fuck.
Grayson Phillips
what stops a company from simply not selling to an amerging monopoly? And what would companies seek to benefit from treating customers badly? I could see this occurring in a market that is monopolized, but not a healthy, competitive one
Ethan Collins
>but why would this be a fantasy Because during the free market gilded age nothing like this ever fucking happened
idiot
>I used to be 100% for the free market until I started working for a major corporation and experienced all the corruption and self interest, the only thing that stops my company from fucking people over is regulation AHAHAHAHAHHAHAHA SURE YOU DID
Daniel Powell
>I used to be a libertarian until one day I realized price controls worked
James Howard
bump
Jason Peterson
I dont think anyone is arguing that, price controls are universally accepted as being retarded, I think. Do they do that somewhere in the world?
Carson Jenkins
Doesn't inflation redistribute money from the rich to the poor?
Think about it, anyone with a moneystack that isn't being invested is who is hurt by inflation. The middle class generally spends most of their money,
Zachary Sanchez
> why would this be a fantasy you're looking at this with tunnel vision. sure business A would love to dominate market X by buying out all of its competitors...but so too would businesses B, C, D, etc. if a case should arrive where any given business has established a de-facto monopoly (as opposed to a de-jure one, protected by a government), then that should be viewed as a good thing: it ostensibly means a business is providing the best quality of a good or service at the lowest cost possible. but historically speaking, de-facto monopolies have never really arisen, so I wouldn't be too concerned.
In any case, government does not 'fix' monopolies. Regulations actually secure existing monopolies, because the taxes used to draft, review, enforce and settle disputes of any given regulation, taxes must be collected, which inherently discourage startups (unless they get a write-off for doing so, but this is fairly uncommon AFAIK). Not to mention, if a business has enough cash to buy out all of its current and future competition, then it certainly has enough money to 'pursuede' a senator to write legislation that benefits their own ways of operating.
Cameron Russell
>Doesn't inflation redistribute money from the rich to the poor? It's LITERALLY the exact opposite.
Inflation makes the poor more poor and benefits the rich by giving them even more money.
Jeremiah White
No, inflation is the devaluing of the dollar
So whoever has the most dollars is hurt the most Who has the most dollars? The rich
Most of the middle class's income is held in assets, such as their house, their car, their children....etc
Julian Bell
>So whoever has the most dollars is hurt the most No. Whoever has the LEAST AMOUNT of dollars is hurt the most you fucking idiot.
If you have tons of dollars your living standards are hurt the LEAST.
Stop reposting this dumb meme.
Carter Morgan
...
Brody Ward
oh yeah
Michael Myers
age restriction violation
Nathaniel Ramirez
People with a higher standard of living have the time and resources to get their country back. It isn't by accident that tyrants always try to keep their populations poor. They have to keep them too preoccupied with mere survival to rebel.
Blake Foster
why is the central bank of the US government privately owned
Christopher Lopez
It's privately owned so the owners can get lots of money.
