[QUOTE=“konan;485959”]
People are the root of the problem :46:. We are the politicians and politicians are us, and as long as there’s a system there will be people wanting to hack it. But, that might be a good thing because it means that the system itself was full of exploits in the first place. It’s time to update this thing, not downgrade it…Why should we assume that a bunch of slave owners in wigs had it right?![/QUOTE]
Yeah, the founders were a bunch of slave owners, so the system they created is irrelevant how, huh?
The system they gave us was great when we followed it. We became the most prosperous nation in the world under that system. We certainly took off more than the Aussies and Canadians did. And in the span of 30 years after the Civil War we outpaced pretty much every European country.
We went from being an afterthought to Europe to an economic powerhouse that out shined it and we did that because we had a very limited and small federal government that didn’t screw around with the economy, didn’t tax the hell out of everyone and didn’t regulate us… At all…
All these issues were handled at the state level.
Guess what. We tried a new system like you suggested. This is a new system. There is no regard for the constitution, all our laws are defacto now.
And now we are 17 trillion in debt with an economy that only shows growth because of the $85 billion dollars that Bernanke conjures into existence every month, and this has an enormous cost.
Consumes are loaded in credit card debt, student loan debt, mortgage debt and are barely getting by. When our economy was thriving under the free market, there was almost no consumer debt, there was very little public debt, our national debt was basically nonexistent, when compared to today, and we had a real economy that outperformed and outgrew even our phony bubble economies.
Now you can joke about the founders and assume that they were a bunch of clueless, slave owning, fools that couldn’t imagine a modern society all you want, but the FTC is, their system took us to the top and this semi socialist, crony capitalist, nonsense we have now is tearing us down.
Hopefully this political ideology of stimulus, more government involvement, more government regulations and artificial interest rates, dies with our economy. But I doubt it. History will continue to repeat itself.