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0 sats \ 4 replies \ @Solomonsatoshi 11h \ on: Government’s Eternal Hunger for a Free Lunch econ
This is true.
However the ultimate outcomes depend upon the quality and integrity of the government in charge.
If, as in the case of most western liberal democracies, the government has become beholden to wealthy corporate sponsors then yes you have a major problem.
If in contrast a government is sufficiently motivated to ensure fiat capital issuance is directed toward genuinely wealth creating investments then fiat can work to improve the wealth and prosperity of citizens.
Libertarians frequently overlook the fact that governments are always significant factors in the wealth and prosperity of nations.
There has never been enduring wealth and prosperity without the security and rule of law that only government can provide.
There has never been enduring wealth and prosperity without the security and rule of law that only government can provide.
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You cannot name any example of where there has been enduring wealth and prosperity without the security and rule of law that only government can provide.
In all of human history it has never existed - except in the deluded daydreams of Libertarian anarchists.
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God is dead and black is white but you cannot name a single example of sustained wealth and prosperity that was not enabled by government!
YOU CANNOT! because your ideology is deeply and fundamentally flawed.
Your meme is equally flawed.
What is required and and has always been inherent in the nature of government is that people/citizens remain constantly vigilant to ensure it does not become captured by vested interests like corporate sponsors. Keep your government in check!
That does not mean you can have prosperity without any government but that you must fight fight fight for good honest government.
Libertarian ideology is a just a cynical cop out to justify avoiding your civic duties...and enables and allows more corrupt government because of it.
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