<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
		>
<channel>
	<title>Comments on: Why Deflation is Bad&#8230;for You, Private Property, and Capitalism</title>
	<atom:link href="http://butnowyouknow.wordpress.com/2008/12/16/why-deflation-is-badfor-you-private-property-and-capitalism/feed/" rel="self" type="application/rss+xml" />
	<link>http://butnowyouknow.wordpress.com/2008/12/16/why-deflation-is-badfor-you-private-property-and-capitalism/</link>
	<description>The search for truth in human action</description>
	<lastBuildDate>Fri, 11 Dec 2009 15:35:17 +0000</lastBuildDate>
	<generator>http://wordpress.com/</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: Where&#8217;s the Hyperinflation? &#171; But Now You Know</title>
		<link>http://butnowyouknow.wordpress.com/2008/12/16/why-deflation-is-badfor-you-private-property-and-capitalism/#comment-765</link>
		<dc:creator>Where&#8217;s the Hyperinflation? &#171; But Now You Know</dc:creator>
		<pubDate>Sat, 25 Jul 2009 22:22:22 +0000</pubDate>
		<guid isPermaLink="false">http://butnowyouknow.wordpress.com/?p=163#comment-765</guid>
		<description>[...] But it couldn&#8217;t keep that up, because deflation destroys a market economy. [...]</description>
		<content:encoded><![CDATA[<p>[...] But it couldn&#8217;t keep that up, because deflation destroys a market economy. [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: kazvorpal</title>
		<link>http://butnowyouknow.wordpress.com/2008/12/16/why-deflation-is-badfor-you-private-property-and-capitalism/#comment-26</link>
		<dc:creator>kazvorpal</dc:creator>
		<pubDate>Mon, 09 Mar 2009 20:56:43 +0000</pubDate>
		<guid isPermaLink="false">http://butnowyouknow.wordpress.com/?p=163#comment-26</guid>
		<description>&gt; If capitalism is the best economic systyem possible then why is it 
&gt; that the majority of the worlds population lives in poverty,while a 
&gt; tiny minority own the vast majority of wealth ? 

Because the majority of the world&#039;s population lives in socialist economies, while a tiny minority live in something vaguely closer to free market capitalism.

Your question actually reinforces the fact that capitalism/freedom is the source of wealth and prosperity.

&gt; It is a fact that when people compete some of those people must loose.

This is patently untrue. Competition is good for everyone, even if some lazy people are afraid of it. Imagine two societies, one living on an island whose environment is only conducive to producing meat, the other only producing fruit. Capitalist trade between the two societies brings wild profits and benefits to both sides, although either thinks they are fleecing the other. Meat is worth a fortune on Fruit Island and fruit is a time a dozen...so they sell nearly worthless fruit, and get insanely valuable meat...but the opposite conditions are true on Meat Island, who thinks they&#039;re getting valuable fruit for worthless meat.

Free market competition allows all to compete to contribute the most to society, and everyone wins.

&gt; Also,tell me if capitalism is such a liberating economic system,
&gt; then why is it then that in the capitalist system the average 
&gt; person must in effect not just earn a living,but earn even the
&gt; right to earn a living !

How do you arrive at this conclusion? In fact, a free market is the only system where people have their natural right to earn a living protected from the outset. In socialism, you have more limits on what you&#039;re allowed to do, generally having to get active permission for any wealth-creating efforts you&#039;d make.

&gt; In our modern capitalist system,the right to land is not a right at all,
&gt; ”that is unless you inherit land”but a privalidge of wealth.

RIGHT to land? No, you have a right to earn, not a right to have. You aren&#039;t entitled to land unless you earn it, or the wealth you trade for it, or someone else earns those things and chooses to transfer them to you. 

You should NOT have a &quot;right&quot; to own land granted...that sort of thing helped create the situation we&#039;re now in. Big Brotherment forced lenders to finance home ownership among people who did not deserve it.

&gt; In our country,”and many others”there are people who by virtue of 
&gt; blood relation inherit thousands of acers of land while others spend 
&gt; the better part of their healthy years struggling to legaly maintain 
&gt; minimal living space !

If you live in Europe, then perhaps you mean the land owned by heirs of royalty, who stole the land from others, obtained it via coercion, some time in the past. That is illegitimate, the opposite of capitalism. 

But people who earn wealth, and buy land with it, have a right to retain ownership of what they earned. That includes the right to sell it, or give it away. Obviously, the right to give their property to their own family is as integral a part of that as anything. So someone inheriting legitimately earned property is absolutely necessary, a primal example of your natural rights.</description>
		<content:encoded><![CDATA[<p>&gt; If capitalism is the best economic systyem possible then why is it<br />
&gt; that the majority of the worlds population lives in poverty,while a<br />
&gt; tiny minority own the vast majority of wealth ? </p>
<p>Because the majority of the world&#8217;s population lives in socialist economies, while a tiny minority live in something vaguely closer to free market capitalism.</p>
<p>Your question actually reinforces the fact that capitalism/freedom is the source of wealth and prosperity.</p>
<p>&gt; It is a fact that when people compete some of those people must loose.</p>
<p>This is patently untrue. Competition is good for everyone, even if some lazy people are afraid of it. Imagine two societies, one living on an island whose environment is only conducive to producing meat, the other only producing fruit. Capitalist trade between the two societies brings wild profits and benefits to both sides, although either thinks they are fleecing the other. Meat is worth a fortune on Fruit Island and fruit is a time a dozen&#8230;so they sell nearly worthless fruit, and get insanely valuable meat&#8230;but the opposite conditions are true on Meat Island, who thinks they&#8217;re getting valuable fruit for worthless meat.</p>
<p>Free market competition allows all to compete to contribute the most to society, and everyone wins.</p>
<p>&gt; Also,tell me if capitalism is such a liberating economic system,<br />
&gt; then why is it then that in the capitalist system the average<br />
&gt; person must in effect not just earn a living,but earn even the<br />
&gt; right to earn a living !</p>
<p>How do you arrive at this conclusion? In fact, a free market is the only system where people have their natural right to earn a living protected from the outset. In socialism, you have more limits on what you&#8217;re allowed to do, generally having to get active permission for any wealth-creating efforts you&#8217;d make.</p>
<p>&gt; In our modern capitalist system,the right to land is not a right at all,<br />
&gt; ”that is unless you inherit land”but a privalidge of wealth.</p>
<p>RIGHT to land? No, you have a right to earn, not a right to have. You aren&#8217;t entitled to land unless you earn it, or the wealth you trade for it, or someone else earns those things and chooses to transfer them to you. </p>
<p>You should NOT have a &#8220;right&#8221; to own land granted&#8230;that sort of thing helped create the situation we&#8217;re now in. Big Brotherment forced lenders to finance home ownership among people who did not deserve it.</p>
<p>&gt; In our country,”and many others”there are people who by virtue of<br />
&gt; blood relation inherit thousands of acers of land while others spend<br />
&gt; the better part of their healthy years struggling to legaly maintain<br />
&gt; minimal living space !</p>
<p>If you live in Europe, then perhaps you mean the land owned by heirs of royalty, who stole the land from others, obtained it via coercion, some time in the past. That is illegitimate, the opposite of capitalism. </p>
<p>But people who earn wealth, and buy land with it, have a right to retain ownership of what they earned. That includes the right to sell it, or give it away. Obviously, the right to give their property to their own family is as integral a part of that as anything. So someone inheriting legitimately earned property is absolutely necessary, a primal example of your natural rights.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: James</title>
		<link>http://butnowyouknow.wordpress.com/2008/12/16/why-deflation-is-badfor-you-private-property-and-capitalism/#comment-10</link>
		<dc:creator>James</dc:creator>
		<pubDate>Mon, 02 Feb 2009 05:53:13 +0000</pubDate>
		<guid isPermaLink="false">http://butnowyouknow.wordpress.com/?p=163#comment-10</guid>
		<description>Below is the typical capitalist attitude as to freedom of speach.If what is being said streaghtens or at least seems to streaghthen the capitalist position then it is published,if not it is kept from the public for fear of ? In fact to the capitalists nearly all freadoms are reduced to privalidges,privalidges of wealth that is-no money,no freedom,as if money were part of nature.

If capitalism is the best economic systyem possible then why is it that the majority of the worlds population lives in poverty,while a tiny minority own the vast majority of wealth ? The awnswer is simple,capitalism is great only for the most competitive of people,who become smaller in number as time progresses,and resources are depleted.It is a fact that when people compete some of those people must loose.So tell me what is so great about a system based upon compitition&#039;&#039;forced at that&#039;&#039;which garuntees that certain people&#039;&#039;including children &#039;&#039;must expereance some degree of economic hardship ? Also,tell me if capitalism is such a liberating economic system,then why is it then that in the capitalist system the average person must in effect not just earn a living,but earn even the right to earn a living !

In our modern capitalist system,the right to land is not a right at all,&#039;&#039;that is unless you inherit land&#039;&#039;but a privalidge of wealth. I argue that this is capitalism&#039;s greatest and least justifiable flaw.In our country,&#039;&#039;and many others&#039;&#039;there are people who by virtue of blood relation inherit thousands of acers of land while others spend the better part of their healthy years struggling to legaly maintain minimal living space ! If you believe such a system is just,then you have a very strange concept of justice indeed.

I could rail on forever as to the injustices inherent in the capitalist socioeconomic system,but what is the use conversing with someone who believes that it is possible to know freedom but yet have to pay another person just for the right to exist upon the planet!?</description>
		<content:encoded><![CDATA[<p>Below is the typical capitalist attitude as to freedom of speach.If what is being said streaghtens or at least seems to streaghthen the capitalist position then it is published,if not it is kept from the public for fear of ? In fact to the capitalists nearly all freadoms are reduced to privalidges,privalidges of wealth that is-no money,no freedom,as if money were part of nature.</p>
<p>If capitalism is the best economic systyem possible then why is it that the majority of the worlds population lives in poverty,while a tiny minority own the vast majority of wealth ? The awnswer is simple,capitalism is great only for the most competitive of people,who become smaller in number as time progresses,and resources are depleted.It is a fact that when people compete some of those people must loose.So tell me what is so great about a system based upon compitition&#8221;forced at that&#8221;which garuntees that certain people&#8221;including children &#8221;must expereance some degree of economic hardship ? Also,tell me if capitalism is such a liberating economic system,then why is it then that in the capitalist system the average person must in effect not just earn a living,but earn even the right to earn a living !</p>
<p>In our modern capitalist system,the right to land is not a right at all,&#8221;that is unless you inherit land&#8221;but a privalidge of wealth. I argue that this is capitalism&#8217;s greatest and least justifiable flaw.In our country,&#8221;and many others&#8221;there are people who by virtue of blood relation inherit thousands of acers of land while others spend the better part of their healthy years struggling to legaly maintain minimal living space ! If you believe such a system is just,then you have a very strange concept of justice indeed.</p>
<p>I could rail on forever as to the injustices inherent in the capitalist socioeconomic system,but what is the use conversing with someone who believes that it is possible to know freedom but yet have to pay another person just for the right to exist upon the planet!?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Chris Moran</title>
		<link>http://butnowyouknow.wordpress.com/2008/12/16/why-deflation-is-badfor-you-private-property-and-capitalism/#comment-6</link>
		<dc:creator>Chris Moran</dc:creator>
		<pubDate>Tue, 16 Dec 2008 22:26:37 +0000</pubDate>
		<guid isPermaLink="false">http://butnowyouknow.wordpress.com/?p=163#comment-6</guid>
		<description>Nice writing style.  Looking forward to reading more from you.

Chris Moran</description>
		<content:encoded><![CDATA[<p>Nice writing style.  Looking forward to reading more from you.</p>
<p>Chris Moran</p>
]]></content:encoded>
	</item>
</channel>
</rss>
