“An economic system in which individuals and private parties control the means of production and profits are the key driver of economic activity.” Sound about right but considering everything FDR did, and the opinions here, I’m not going to say you’re necessarily wrong.
How much government intervention is too much? Any at all? If we could trust the people who own corporations to actually not be ruthless dickheads who will exploit every last resource, then maybe zero would be fine, but there’s too many examples of corporations not giving a shit about anything until it fucks either the environment or their employees to the point of lawsuits for me to say that ‘no regulation or intervention at all’ is the right thing.
Inflation is a scam, but IMO, there’s not enough of any resource to back the USD if we were to stop printing money immediately and go to a resource backed currency. Fiat currency is awful, but I’m not sure what we would be backing the USD with
“An economic system in which individuals and private parties control the means of production and profits are the key driver of economic activity.” Sound about right but considering everything FDR did, and the opinions here, I’m not going to say you’re necessarily wrong.
How much government intervention is too much? Any at all? If we could trust the people who own corporations to actually not be ruthless dickheads who will exploit every last resource, then maybe zero would be fine, but there’s too many examples of corporations not giving a shit about anything until it fucks either the environment or their employees to the point of lawsuits for me to say that ‘no regulation or intervention at all’ is the right thing.
Inflation is a scam, but IMO, there’s not enough of any resource to back the USD if we were to stop printing money immediately and go to a resource backed currency. Fiat currency is awful, but I’m not sure what we would be backing the USD with
First, any definition that whines about "means of production" is invalid by default.
Secondly, gold or some other precious and inherently useful commodity.