<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: What has our Economic System become?</title>
	<atom:link href="http://www.citizeneconomists.com/blogs/2009/03/10/what-has-our-economic-system-become/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.citizeneconomists.com/blogs/2009/03/10/what-has-our-economic-system-become/</link>
	<description>Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in.</description>
	<lastBuildDate>Wed, 08 Feb 2012 04:44:52 -0500</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: Donovan</title>
		<link>http://www.citizeneconomists.com/blogs/2009/03/10/what-has-our-economic-system-become/comment-page-1/#comment-295384</link>
		<dc:creator>Donovan</dc:creator>
		<pubDate>Wed, 11 May 2011 03:03:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.amateureconomists.com/blogs/?p=105#comment-295384</guid>
		<description>I agree with you. I’ve been thinking about what kind of economy system that we will use for the upcoming years. As for nowadays, I think the economic system that we use is very confusing for some people, including me…</description>
		<content:encoded><![CDATA[<p>I agree with you. I’ve been thinking about what kind of economy system that we will use for the upcoming years. As for nowadays, I think the economic system that we use is very confusing for some people, including me…</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Dan McLaughlin</title>
		<link>http://www.citizeneconomists.com/blogs/2009/03/10/what-has-our-economic-system-become/comment-page-1/#comment-7245</link>
		<dc:creator>Dan McLaughlin</dc:creator>
		<pubDate>Tue, 10 Mar 2009 23:31:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.amateureconomists.com/blogs/?p=105#comment-7245</guid>
		<description>Hi Bhagwad,

I have to agree with you on one point.  Human nature has not changed since the beginning of history.  Our logic is the same logic that our ancestors of thousands of years ago used.  The only thing that has changed is the technology.  I have a bit of a more optimistic view, however, on the progress that mankind had achieved.

The economy is not a human invention.  It was not, in any way, at any time, created by anyone.  An economy is simply people trading.  Trading enables people to take advantage of the division of labor and comparative advantage, and thus improve their productivity.  As societies become more complex, more formal institutions are created which enable more effective trading, but also to hopefully protect the rights of the members of society.  That role of protection may be a proper role of government institutions.

The problems that we face now are not the beast of an economy that has become unleashed, but rather the result of a government that no longer protects the rights of its citizens.  Rather, it steals from them to benefit some well connected people, both politicians and mercantilist business people.  The government blesses the actions of the central bank, which induces inflationary credit bubbles and the disastrous collapses that they precipitate.  The central banks inflate the money supply and steal the value from the dollar by systematic devaluation of the currency.

It seems to me that you have gotten the face of the beast wrong.  The beast is the government.  The reason that they keep getting bigger, more powerful and scarier is because people fall for the biggest trick that the beast can pull.  Blame it on the market, on the economy, and call for the beast to save us.  That beast is pretty clever.  Obviously it is working on you.

Quite frankly, there is a very simple way out.  It is not easy, but it is simple.  If we un-elect all of our corrupt leaders, quit asking government to steal for us, take responsibility for our own lives, and respect the rights of every individual, the beast will wither away.  I am not too optimistic that that will happen.  Too many people have gotten used to the gifts of the beast, used to handouts and favoritism and special interest pandering to be able to say no more.

I am sure we will get through this current catastrophe, but the beast is already setting us up for the next one, using trillions of dollars of our own money.  There may come a time when the beast will win, even in America.  At that time, we will all be slaves to the real beast, the socialist monster that our government is steadily evolving towards.</description>
		<content:encoded><![CDATA[<p>Hi Bhagwad,</p>
<p>I have to agree with you on one point.  Human nature has not changed since the beginning of history.  Our logic is the same logic that our ancestors of thousands of years ago used.  The only thing that has changed is the technology.  I have a bit of a more optimistic view, however, on the progress that mankind had achieved.</p>
<p>The economy is not a human invention.  It was not, in any way, at any time, created by anyone.  An economy is simply people trading.  Trading enables people to take advantage of the division of labor and comparative advantage, and thus improve their productivity.  As societies become more complex, more formal institutions are created which enable more effective trading, but also to hopefully protect the rights of the members of society.  That role of protection may be a proper role of government institutions.</p>
<p>The problems that we face now are not the beast of an economy that has become unleashed, but rather the result of a government that no longer protects the rights of its citizens.  Rather, it steals from them to benefit some well connected people, both politicians and mercantilist business people.  The government blesses the actions of the central bank, which induces inflationary credit bubbles and the disastrous collapses that they precipitate.  The central banks inflate the money supply and steal the value from the dollar by systematic devaluation of the currency.</p>
<p>It seems to me that you have gotten the face of the beast wrong.  The beast is the government.  The reason that they keep getting bigger, more powerful and scarier is because people fall for the biggest trick that the beast can pull.  Blame it on the market, on the economy, and call for the beast to save us.  That beast is pretty clever.  Obviously it is working on you.</p>
<p>Quite frankly, there is a very simple way out.  It is not easy, but it is simple.  If we un-elect all of our corrupt leaders, quit asking government to steal for us, take responsibility for our own lives, and respect the rights of every individual, the beast will wither away.  I am not too optimistic that that will happen.  Too many people have gotten used to the gifts of the beast, used to handouts and favoritism and special interest pandering to be able to say no more.</p>
<p>I am sure we will get through this current catastrophe, but the beast is already setting us up for the next one, using trillions of dollars of our own money.  There may come a time when the beast will win, even in America.  At that time, we will all be slaves to the real beast, the socialist monster that our government is steadily evolving towards.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

