12 October 2008

44. Peaceful Nations vs. Warring States

Capitalism establishes Free, Productive, Wealth Producing, and Peaceful Nations.

Regarding Capitalism: No taxation. Free, open, unrestricted, unregulated trading in both Domestic and International Markets. Encourages wealth production, savings, and long term, principled economic planning. Stable, sound monies that hold their value because they are established in a competitive, free-banking system supported by a gold standard.

Reference Item No. 46 below.

VERSUS -

Statism establishes Enslaving, Looting, Welfare, and Tyrannical-Warring States.

Regarding Statism: Massive taxation. Constricted, limited, restricted, regulated, mandated, controlled trading in both Domestic and International Markets. Encourages wealth redistribution and destruction, increasing government spending – not private saving – and short term, pragmatic economic planning. Inflation of government controlled money supply with unreliable credit expansion. Establishment of fiat monies and usual destruction of any gold standard.

Reference Item No. 46 below.