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Debating the Anarcho-Capitalists

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4. It's good to see that DB doesn't equate Ellen Brown with Hitler, or for that matter, the 40% of the world's banks that are Public Banks. How nice of you!   But the fact is, Hitler gave up State-issuance of money (which anyway, is a different issue than Public Banking) after only a couple of years and went back to a more traditional gold standard and private banking model, plunging Germany back into debt.

 

5. It's clear to anyone but an inside-the-beltway economist that unemployment is too high, despite the rigged statistics (see John Williams' Shadowstats.com for a more honest reading). Public Works, which both Brown and the Green Party support, as well as a plurality, if not an outright majority, of Americans, depending on how the question is asked, would put people to work AND boost our crumbling infrastructure, education, and so many other things for which there is a crying need.


DB's solution seems to be "Hands off! Let the (mythical) Free Market decide!" Of course, wherever there is government, there is no such thing as a totally Free Market, and never will be. That's not a bad thing if freedom means freedom to steal, corrupt and deceive. If government is just another servant of the lender who is doing all of these things, than you get what we've got.

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The Daily Bell Mod Scott Baker

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"Ellen Brown is not calling for money-printing by the State."

It is absurd to argue that Ellen Brown's idea of public banking at the state level does not include considerable monetary expansion abetted by state resources. But when you people are exposed, you begin to parse -- parse and then desperately parse some more. Here are Ms. Brown's own words: "In North Dakota, the only state with its own "mini-Fed,' the state-owned Bank of North Dakota routes its public lending programs through community banks " Its deposit base is almost entirely composed of the revenue of the state and state agencies." The state generates revenue through monopoly force (if you don't pay you go to jail) and then provides these revenues to the state bank. This is the twisted system you advocate.

 

http://www.truthdig.com/eartotheground/item/debate_public_banks_are_key_to_capitalism_20131003    

 

"The parties who have been profligate with money-creation and fraud are in the private sector."

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For the millionth time, the Fed is not "private." It's really incredible that you people can claim it is private when its top man is chosen by the US government and its top people have to testify before Congress on a regular basis. It is a quasi-private/quasi-public institution -- a mercantilist entity that comprises the worst of both worlds.

"I believe DB and Brown are in agreement that Corporate Personhood ought to be repealed ASAP."

Really? We've interviewed her at least twice and have written numerous articles responding to her arguments are not aware of her concern on this issue. Ms. Brown is generally in favor of bigness and complexity from what we can tell, and we would be very surprised if this is high on her list of preoccupations.

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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