@chad "All socialism isn’t bad though, like I said before government run military/mail service is good" Socialism is inherently morally and factually bad. You do not steal from people and strip people from their rights just because you think it is better for all. Leave the people to decide for themselves what they wan't to do with their money and how they want to make it(unless it violates the NAP). That is the nature of socialism

@ventuz exactly

Also free education IS TERRIBLE.
Average graduation rate in such "free schools" (even though nothing is free, its payed by the taxes) are extremely low

Also exactly

To put it simply: You give people no cost as the cost for the benefit, they are going to abuse it (with what you see with free education, people dropping out simply for something as ridicilous as failing a test, and the reason they do not do such things in payed education is that COST loss situation)

abuse it as for no rationing, no rational thinking as for the cost loss situation

That’s why we pay for secondary education in America, cause secondary education in the US is some of the best, not only that but drop out rates in the most expensive ones have been decreasing since, forever. It’s because you shouldn’t go to these schools unless you genuinely want to, and those who genuinely want to aren’t going to drop out for no reason, and are going to want to pay for the best

^^^^

@chad No it's not

Mail service is terrible

Royal Mail used to be shit

FEDEX and UPS are far better

I hear the same about USPS

Well you do pay for mail

it's called taxes

and you'd probably get it much more efficiently

If anything, you'd save more money since whenever you don't need to post you won't pay. Unlike now when you get taxxed.

Democratic socialism isn't even real, you can't seize the means of production democratically. Norway is more capitalist than USA infact.

I'd like to point out the FED is unconstitutional and should be abolished

so is the FIAT money

@Leo (BillNyeLand) I’ve went over every recession in the 1800s

All of them were caused by credit expansion

With the exception of one which was linked with greenbacks and credit expansion

@Shadowstitcher11 That’s a strawman

Nobody says that

Hello

@Neco2040 So why did the crash happen?

Why did repealing that specific regulation lead to it?

Because it separated commercial and investment banking, which then allowed banks to make dangerous bets with our money

However glass steagal did not cover that

nor was it related

check the actual 4 components

Which actually had nothing to do with the crash

Since what caused the crash was subprime loans

They prevented FDIC banks from dealing in investment securities?

Which was a thing they were allowed to do for ages

And the fact is that only half of it was repealed