Wealth Disparity

“If one cares about our shrinking middle class and expansion of poverty, try a true free market. Get rid of the notion that well-managed capitalism with the Federal Reserve as the central economic planner is achievable. Forget the notion that progressive taxation is how you create wealth and distribute it fairly to the middle class. And please recognize that ownership of property and ourselves is the most basic human right conceivable. When we come to actually caring about the middle class, we will get rid of the FED, which is the super wealthy and structural poverty.”
-Ron Paul via (Ron Paul Channel

Advertisements

Böhm-Bawerk on Economic Law versus Political Control

“…the fact that, just as natural phenomena are governed by immutable eternal laws, quite independent of human will and human laws, so in the sphere of economics there exist certain laws against which the will of man, and even the powerful will of the state, remain impotent; and that the flow of economic forces cannot, by artificial interference of societal control, be driven out of certain channels into which it is inevitably pressed by the force of economic laws. Such a law, among others, was considered to be that of supply and demand, which again and again had been observed to triumph over the attempts of powerful governments to render bread cheap in lean years by means of ‘unnatural’ price regulations, or to confer upon bad money the purchasing power of good money.” -Eugene Bohm-Bawerk (Control or Economic Law)