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A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. ↗
It might be depressing, but it's also the truth that no one has the power, the money, or the resources to save everyone on the planet from going hungry, living in poverty or allowed basic human rights. But consider the other side of this: there are people in this world who truly WOULD do all of these things for everyone if only they could. There is hope after all. ↗
How the hell could a man enjoy being awakened at 6:30 a.m. by an alarm clock, leap out of bed, dress, force-feed, shit, piss, brush teeth and hair, and fight traffic to get to a place where essentially you made lots of money for somebody else and were asked to be grateful for the opportunity to do so? ↗
If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility. ↗
