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> who has empowered the Government to actively manage economic cycles? Voters > based on which premises/presumptions does it accomplish its economics-related
by matt4077 10y ago
> who has empowered the Government to actively manage economic cycles?
Voters
> based on which premises/presumptions does it accomplish its economics-related actions?
Find causal relationships -> create causes for effects that you would like to see
> the perils of moral hazard associated to the active involvement of Government
Maybe the 18th century governments overstepped their boundaries when, dunno, they stopped slave labor of 8-year olds in coal mines. Today, the term applies almost exclusively to private industry. Mostly financial.
- deleted 10y ago[deleted]
- aminorex 10y agoVoters did not authorize Smoot-Hawley or the confiscation of gold or the disregard of the money Clause of the Constitution. That was accomplished by incompetents, criminals and traitors occupying political office. It occurred about the same time that voters in Germany elected Hitler Chancellor, and about the same time that passports were institutionalzed, to prevent freedom of movement. The 19th century abolished slavery. The 20th century re-imposed it, and made it universal, creating the public-private complex which owns our labor today.