If there is enough land then everyone has a right to at least some of it sufficient that they are able to sustain themselves
Sunday, 29 July 2012
Deposit insurance is bad for the people
The government and the people are against each other because the government treats banks differently from the rest of the economy. There is a kind of economic apartheid because banks have deposit insurance and the rest of the economy does not have this advantage. Having deposit insurance means that banks cannot fail. It is not in the interests of the people for banks to be immune from failure because (in effect) this means that banks can print money since government liabilities are money. The existence of deposit insurance shows that the government is antithetical to the interests of the people. Government is hurting people if there is deposit insurance.
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