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  7. Joe Rainero

    Every politician should be required to pass a basic economics exam before their name can go on the ballot. This is brilliant! If all politicians thought this way, we would be significantly better.

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  20. Real Mr Poopybutthole

    I'm not sure whether I follow his cancer analogy. It seems to suggest that fiat currency is a malfunction of the body (economy) and serves no purpose, but merely causes damage to the economy. However, it does in fact serve a purpose, because it facilitates trading, for instance. Wouldn't it be safe to assume that if you remove fiat currency, something else will replace that function? It seems to me that this is a cop-out by mr Sowell. But it could be that my pea brain couldn't process the analogy. Would anyone care to explain?

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  23. Handsome Monkey King

    Isn’t it obvious you want businesses to have the money and hire and pay people?
    If you want the government to hold and distribute the money it’s not just goodbye to ambition, it’s goodbye to consumer rights and innovation.

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  25. Robert Lee Aka Cancel-Proof

    Again spot on concerning the level of understanding of your average citizen compared to economists.
    Very few people understand the monetary system and the current system can only exist through faith and ignorance the faith comes from your dollar still getting you what you're expecting which gives you faith in it and ignorance because people don't understand how money is created what it really is and how it really works. The problem is if you remove the ignorance the faith goes with it and you have a situation like Henry Ford was thinking of when he spoke the famous quote…

    “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

    People believe when they go into a bank to get a loan for a home that they are going to be loaned money on deposit there from another creditor and that's just not the case, and there sure as hell not going to give you any of theirs so that money is created out of debt when you sign on the dotted line so they make it up on the spot just for you under the agreement that you're going to pay it all back with interest.
    When people hear that they don't believe it because they know if you or I do that we go to jail and they don't think banks can be so brazen as to assume they could get away with such things yet they do because they intentionally obscure it from the public awareness where when it does manage to make its way into the public discourse it's laughed off as conspiracy theory because it sounds so unbelievable it couldn't possibly be true.
    So maybe we should add naive and gullible to Faith and ignorance for a more accurate representation of how it manages to still exist

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  26. Robert Lee Aka Cancel-Proof

    Dr Sowell is spot on again no one should ever wonder what the government is going to do about anything especially when it comes to fixing something they broke.
    The nine scariest words ever strung together into a sentence….
    "I'm from the government and I'm here to help"

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  28. Mark Aurelius

    Im Australian and we have Medicare where hospital treatment is covered by the taxpayer – however, I have private health insurance cover for myself. I was taken to the hospital in an ambulance where I was completely incapacitated, the ambulance team told me the hospital was full and I had to be left in the waiting room.. I was in the waiting room for 9hrs before I was admitted. The hospital system in Australia is USELESS you cant pay for premium service if your life depended on it. I would like to mention the ambulance provider charged my insurance company for transport to the waiting room.

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