Browsing All posts tagged under »Capitalists«

Unemployment as a consequence of failed capital policy

October 11, 2010

0

The business cycle creates a disequilibrium in capital which in turn reduces employment. Stimulating demand may only stimulate those capital goods that are already fully employed. Without additional investment, no further job growth will take place. In any economy, employment is tied to capital goods. Robinson Crusoe may arrive on the island with barely clothes, […]

How fractional reserve banking destroys capitalism

September 12, 2010

2

Banking capital is earned through success in entrepreneurial investment. Bankers are long-established capitalists who can pick out which entrepreneurs are most likely to succeed in the banker’s specialty. Modern banking does not rely on capital, but on unlimited government-backed credit, through which incompetent capitalists take over all capital in the economy and ruin it. In […]