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The above articles are so insightful it really cheers me up quite a bit. They also suggest some solutions, like the government directly spending money into circulation debt-free, instead of money being created by banks loaning it out and making people pay it back with interest.
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Under such system, hyper centralization (Dictatorship and socialism ) of government and inflation will still be a potential problem for us to face. If you do not trust the bankers for controlling the money supply of the economy, you shouldn't trust the government officials as well because they are both human being. I believe what the world needs is a monetary system that is freed from government and bank's control - gold standard as suggested by Ron Paul. A combination of sound monetary system and free market will bring human civilization to new height.
Hong Kong free market
Economy of Hong Kong - Wikipedia, the free encyclopedia Quote:
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The Economy of Hong Kong is said to be the most economically free in the world. It has often been cited by economists such as Milton Friedman and the Cato Institute as an example of the benefits of laissez-faire capitalism. While the government, both under British and Chinese rule, has occasionally intervened in the economy, the free market policy of positive non-interventionism espoused by former financial secretary John James Cowperthwaite still largely drives economic policy today. It has ranked as the world's freest economy in the Index of Economic Freedom for 14 consecutive years, since the inception of the index in 1995[1][2]. It also places first in the Economic Freedom of the World Report.
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