Scientific Proof of God, A New and Modern Bible, and Coexisting Relations of God and the Universe

Monday, October 07, 2013

294.Hoarding Capital Is Ungodly

On page 376 of his book on The Unity of Law, Henry Carey says that American capital is the instrument by help of which the work is done. So, after the Declaration of Independence was signed, the 'one People' went to work with the real capital that Americans had.  However, when more capital was needed,  new capital was authorized and made by the U.S. government. As America was growing, more and more capital had to be made by government. To destroy slavery and build the West, President Lincoln made more capital.  It was called the Yankee Dollar.  And socialism began to grow.

As seen, debts should never exist in America. Even if American exchanges are necessary with other nations, debts are not necessary because bartering can be used.

Somehow, American debts came into existences. I say that debts came when some Americans hoarded capital and began to make investment in the work of America labor. An example is J.P. Morgan. (click), (click) After Morgan died, he was able to continue to invest his hoarded capital through his large family. The hoarding capitalists increased in number. With this increase, the 'one People' of America lost its 'socialism' and 'togetherness.' These hoarding capitalists and the Republican party became a single political force in the USA..

4 Comments:

  • At 5:35 PM, Anonymous Jack said…

    You said "We should make 'dummy books' for today's GOP thinkers." I'm not republican but I think I'm tired of reading your dumb blogs.

     
  • At 5:54 PM, Anonymous Jack said…

    Corporations, are holding the largest amounts of cash, relative to assets and net worth, ever recorded. These are the same corporations Obama is giving exemptions from obamacare. Ayn Rand in her 1957 Atlas Shrugged: “Who is John Galt?” Simply put, when the state seizes the incentives and drivers of capital investment, owners of capital go on strike.
    Today, Rand’s fictional world has seemingly become a reality – endless bailouts and economic stimulus for the unproductive at the expense of the most productive, and calls for additional taxation on capital investment.
    Rand, perhaps better than any economic observer, underscored the central role of incentives in driving entrepreneurial innovation and risk-taking. Whittle away at incentives – and at the market’s ability to communicate them through price signals – and you starve the growth engine of its fuel. Alas, central bankers, with their manipulation of interest rates and use of quantitative easing, patently neglect this fact.
    The state, in the long run, simply cannot direct entrepreneurs to lend, borrow, and invest; investment capital will inevitably shrug when faced with oppressive manipulation of free markets. When that happens, we see the true result of loose monetary policy: not the creation of more economic activity, but the destruction of the natural mechanism of economic coordination and adjustment, robbing the system of its resilience. In effect, monetary policy has “stopped the motor of the world.”

    At the conclusion of Atlas Shrugged, Galt aims to restore the old system anew as the collectivist regime crumbles. Will something like that, too, happen in our own dystopian world (in which all remaining Republican US presidential candidates seem to favor firing Fed Chairman Ben Bernanke)? How long must capital wait for the day when, free of distorted incentives, the engine of growth is fueled and humming again?

     
  • At 6:11 PM, Blogger George Shollenberger said…

    Jack,

    Tomorrow, I will present some good 'dummy books' on GOP. Hopefully, I can show that God really exists and that He should be known by you and the GOP.

    George

     
  • At 6:32 PM, Blogger George Shollenberger said…

    Jack,

    My mind does not make any progress with your comment. Too many and unclear concepts. Come again.

    George

     

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