Why the world should adopt a basic income

it would be ---show anyway with 7000 currencies deflation inflation depressions recessions etc etc

 

Yeah, I hear what you're saying. You think free market's are bad.

 

Many people would be less hungry if we had more effective international oversight of the private sector.

 

Interesting. But do you think that people would be less or more hungry if our current capital goods were to disappear?

 

I think Keynes became more of an 'internationalist' (as opposed to 'statist') toward the end of his life: see his Bretton Woods proposal (1944) for a "clearing union" to which all nations would belong.

 

dont be silly. if he could have been the world's money Tzar he would have and wanted nothing more. He was a ego manic apostle.! Of course he thought homosexual sex was superior to heterosexual sex so that might have distracted him.

 

Imagine wanting to be the world's money Czar. Like as if one knew better than the free market about how money should work. Oh, the hubris.

 

You asked: "why does freedom need oversight?"
(Not to mention freedom from entrenched poverty!).

That's the same as asking: why has rule of law been developed, over time, by and for the community of self-interested individuals?

Re those self-interested individuals (ie, all of us), here are some of the factors directing our psychological dynamics:


The Role Our Three Brains

Name Location
Brain One Reptilian Brain: Brain stem and cerebellum
Brain Two Limbic system (old Mammalian Brain): Wrapped around brain one, includes amygdala and hippocampus
Brain Three Neocortex (“Thinking” Brain): Outside surface (wrapped around brain two)

Note the "thinking" brain bit (ie conscious reason): it's like the tip of an iceberg.....
Do you understand?

 

we do know how it should work, it should work so there is no inflation or deflation. is very very boring, not at all wht Keynes had in minds as the worlds greatest economic manipulator

 

Why?

I understand that you oppose a free market in money and banking. It's just so surprising, because you put yourself out there as a free market guy.

 

Stalin and Mao had oversight and 120 million died. FDR had oversight and we had a 16 year depression and world war? Do you understand. The liberal looks to oversight like a child looks to Santa Claus. It is perfect immaturity

 

because stable prices allow you to save and comparison shop. Do you understand?

 

Capital goods: Food (and its distribution), housing materials, consumer goods etc?
Who is arguing for disappearance of those?

The question is which goods and services are most efficiently produced by the private, and which (often essential) services can be more sustainably produced/managed by an effective public sector.

Not to mention the many deadly products produced by the drive for private profit, eg the arms trade; your prosperity is partly propped up by sales of weapons to eg, Saudi Arabia, prolonging a conflict currently recognised by the UN as the greatest humanitarian catastrophe in the world. Then there's grog, gambling, unhealthy processed food, aided and abetted by a mindless advertising industry.

 

only where the free market works and is possible

 

Why do we need socialism of money and banking to have stable prices? Wow, I never thought you'd turn out to be such a commie.

 

and you want to a Nazi advertising bureau so you won't be deceived by advertising. Why not grow up and learn to look out for yourself?

 

cause we had 7000 currencies and wild prices and inefficiency panics before we had knowledge of fiat money

 

No. Capital goods: Steel mills, mining machines, lathes, milling machines, welding torches. You know, capital goods. Those things that are used in the production of consumer goods.

Do you think that if all these things disappeared people would be more or less hungry?

 

So the free market failed? Is this what you're claiming?

 

socialism? printing money is not really a business. There is a formula they can use

 

yes

 

And here I thought you were a free market guy. I guess not.

 

So the free market failed? That's what you're saying? So you don't agree with the free market? Okay.

 

not for garbage and money

odd how you have no defense for free market money?? you have no idea how it would work so you just parrot free market free market???

 

I see that you are an opponent of the free market. Okay. I misunderstood your posts.

I have a defense of free market money. Here it is: It's what the market wants.