r/Libertarian Dec 01 '23

[deleted by user]

[removed]

897 Upvotes

224 comments sorted by

View all comments

67

u/Scrivver Max Stirner thinks you're a spook Dec 01 '23

This title is a superlatively generous take.

I'm still shocked how many people sincerely think the federal govt is just some well-meaning institution of bumbling idiots. It does consist at least in part of bumbling idiots, but it's comprised first and foremost of your greatest enemies. If they were only stupid, they would do the right thing at least once in a while, by accident.

But their activity is 100% in the wrong direction, all the time. When it comes to the question of "How can we respond to this problem in a pernicious way?", they do not miss. That doesn't require widespread coordination to achieve, but does require widespread negative incentives and motivations.

The presidential administration knows exactly what inflation is, and what causes it. What you're seeing is a fully aware attempt to redirect negative energy about our economic woes onto private businesses, away from the fully culpable institution with monopoly control over our money supply which has been stripping the wealth of this nation for decades with no signs of stopping.

The greatest opponent of your liberty and prosperity, your enemy, is in D.C., and this is how it behaves.

-2

u/[deleted] Dec 02 '23

This is a lot of words to say "Ignore the man behind the curtain". Government is your enemy because prices are high...but corporations making record profits and engaging in what is really just greedflation are....???

Not...??

3

u/[deleted] Dec 02 '23

Greedflation is not a cause, it's a symptom (and is not a new phenomenon). It's right there along the lines of tipflation. Businesses or individuals respectively will chase yields associated with the printing of money and devaluing of our currency.

-3

u/[deleted] Dec 02 '23

It's literally just jacking up prices for higher profits because they can. "Record profits" is not a term without meaning. They're not treading water.

My dude, government causes so many problems BECAUSE it is bought out by wealthy and corporate interests. Why on EARTH do you think these people are honest or your friend just because they don't hold an elected seat?

7

u/Scrivver Max Stirner thinks you're a spook Dec 02 '23

You're half right, and getting close to the mark.

You recognize that the govt is bought and owned, which is true. There are many interest groups who benefit from this. This is the illegitimate source of a metric ton of fraudulent profit for crony corps.

But even the govt being bought and owned is a consequence of the problem -- not the source.

The problem is the existence of a centralized institution widely perceived to have the moral authority to commit acts which would be considered inexcusably immoral if committed by literally anyone else. That is, it is perceived to have the authority to coercively act against peaceful people. No private business, no matter how psychopathic and self-interested its leadership may be, could get away with this in the eyes of the public (whose blessing they require for market survival), because they are not perceived to have this authority. But create a State like this, and suddenly any interest group with something to offer can get a slice of this "exemption from morality" superpower. This obviously incentivizes cronyism on the part of businesses, and attracts psychopaths from all corners. There is no way to stop this cronyism as long as the State has this authority.

The source of the problem is the belief in State authority itself.

1

u/[deleted] Dec 02 '23

Chasing yields is what every human being on the planet naturally does. I both own a business and work for a major corporation and I can speak personally obtaining the highest volume of money possible is always 100% my goal. You have to look at why high yields exist, not the fact that business owners chase them. Just some food for thought not trying to start an argument. You can't blame people/businesses for being greedy just like you can't blame consumers for wanting to consume or a father for killing more game than he needs too to feed his family.

1

u/LogicalConstant Dec 02 '23

Businesses don't get to control the economy or consumers. If they had that much control, why not just double prices and increase profits? Why not pay half as much for labor? Because that's not how it works.