An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, March 30, 2017
Beowulf — Trump builds a wall from the wrong side
No, it is not about The Wall. Beowulf is back with a very good post on healthcare. Hopefully, the Trump team will pick up on it.
It seems thinking welfare for the rich would be balanced by welfare for their victims was flawed thinking.
Because who even recognizes that our fiat and credit creation system IS welfare for the rich? Besides a few scoundrels (you know who you are) who have no desire to change it? Except to make the thieving system more stable?
"The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863 from http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/
It seems thinking welfare for the rich would be balanced by welfare for their victims was flawed thinking.
ReplyDeleteBecause who even recognizes that our fiat and credit creation system IS welfare for the rich? Besides a few scoundrels (you know who you are) who have no desire to change it? Except to make the thieving system more stable?
"The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863 from http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/