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	<title>Comments on: Objectivism conflicts with humanitarian spirit</title>
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		<title>By: Jim Capo</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2807</link>
		<dc:creator>Jim Capo</dc:creator>
		<pubDate>Tue, 20 Oct 2009 20:12:22 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2807</guid>
		<description>I commend Matt Moran for wading into this.  Let me try to respond the best I can..
:
That our country has, or has attempted to have, a separation of economics and state is a false assumption.  
:
Not one penny made by John Allison at BB&amp;T was ever earned in the free market.  He has spent a career in the most government subsidized industry in the country.   He is a financial socialist.
:
Banks like Allison&#039;s BB&amp;T are part of the Federal Reserve System - the FED.  Our Congress has transfered it&#039;s power to regulate money and the value thereof to the FED.   At least since 1913, there has been no free market in banking in the USA, and therefore no free market.  
:
The FED creates money out of thin air (google Mandrake mechanism).  We  carry the FED&#039;s unbacked fiat money in our pockets as slips of paper, or in our bank accounts as 1&#039;s and 0&#039;s ). The people of this country, and all others under the umbrella of American military power, are forced to accept this unbacked intrinsically worthless FED money as legal tender.   FED member banks like BB&amp;T also create money out of thin air locally through their government sanctioned fractional reserve system.
:
When private individuals do what banks like BB&amp;T do every day, they are arrested and thrown in jail for counterfeiting.  However, through the power of government, the fractional reserve system run by our banking crime syndicate has been legalized.  Without government support such a system would not last long in a free market environment.
:
These are the facts that John Allison&#039;s fans are going to have to address.
:
Matt Moran has his own homework though.
:
The government did get something out of the deal when it created the FED.   It got a credit card account with virtually no credit limit.  It uses this credit card to buy all of Matt&#039;s favorite social programs with virtually no regard to how much debt it is saddling current and future generations of American&#039;s with.  This is euphemistically called deficit spending.  What it really is is theft.
:
Every $1 of deficit spending is paid for with a fresh dollar of government debt issued through the FED.  This fresh dollar of government debt is known as the aforementioned Federal Reserve Note that sits in a person&#039;s wallet or bank account.
:
Every one of these new dollars created out of thin air reduces the current value of dollars presently in circulation.  The more social programs that are created and paid for with government debt, the less valuable the dollars we all hold become.  This inflation of the money supply through bank counterfeiting is the historical definition of &quot;inflation.&quot; 
:
Those most harmed by inflation are those who are on fixed incomes or whose meager savings are held in simple bank accounts and money market funds.   What this means is that every new social program initiated or expanded by our government and paid for with new debt money is a direct attack on the least among us.
:
***The inflation caused by deficit spending for social programs creates even more people in need of the social programs.***
:
...and the FED bankers are happy to pull their interest charges out of this corrupt system all along the way.
:
For further reading, John Allison fans should pick up a copy of Creature From Jekyll Island.  Matt Moran fans should pick up a copy of The Web of Debt.
:
Hope this clarifies more than it confuses.</description>
		<content:encoded><![CDATA[<p>I commend Matt Moran for wading into this.  Let me try to respond the best I can..<br />
:<br />
That our country has, or has attempted to have, a separation of economics and state is a false assumption.<br />
:<br />
Not one penny made by John Allison at BB&amp;T was ever earned in the free market.  He has spent a career in the most government subsidized industry in the country.   He is a financial socialist.<br />
:<br />
Banks like Allison&#8217;s BB&amp;T are part of the Federal Reserve System &#8211; the FED.  Our Congress has transfered it&#8217;s power to regulate money and the value thereof to the FED.   At least since 1913, there has been no free market in banking in the USA, and therefore no free market.<br />
:<br />
The FED creates money out of thin air (google Mandrake mechanism).  We  carry the FED&#8217;s unbacked fiat money in our pockets as slips of paper, or in our bank accounts as 1&#8217;s and 0&#8217;s ). The people of this country, and all others under the umbrella of American military power, are forced to accept this unbacked intrinsically worthless FED money as legal tender.   FED member banks like BB&amp;T also create money out of thin air locally through their government sanctioned fractional reserve system.<br />
:<br />
When private individuals do what banks like BB&amp;T do every day, they are arrested and thrown in jail for counterfeiting.  However, through the power of government, the fractional reserve system run by our banking crime syndicate has been legalized.  Without government support such a system would not last long in a free market environment.<br />
:<br />
These are the facts that John Allison&#8217;s fans are going to have to address.<br />
:<br />
Matt Moran has his own homework though.<br />
:<br />
The government did get something out of the deal when it created the FED.   It got a credit card account with virtually no credit limit.  It uses this credit card to buy all of Matt&#8217;s favorite social programs with virtually no regard to how much debt it is saddling current and future generations of American&#8217;s with.  This is euphemistically called deficit spending.  What it really is is theft.<br />
:<br />
Every $1 of deficit spending is paid for with a fresh dollar of government debt issued through the FED.  This fresh dollar of government debt is known as the aforementioned Federal Reserve Note that sits in a person&#8217;s wallet or bank account.<br />
:<br />
Every one of these new dollars created out of thin air reduces the current value of dollars presently in circulation.  The more social programs that are created and paid for with government debt, the less valuable the dollars we all hold become.  This inflation of the money supply through bank counterfeiting is the historical definition of &#8220;inflation.&#8221;<br />
:<br />
Those most harmed by inflation are those who are on fixed incomes or whose meager savings are held in simple bank accounts and money market funds.   What this means is that every new social program initiated or expanded by our government and paid for with new debt money is a direct attack on the least among us.<br />
:<br />
***The inflation caused by deficit spending for social programs creates even more people in need of the social programs.***<br />
:<br />
&#8230;and the FED bankers are happy to pull their interest charges out of this corrupt system all along the way.<br />
:<br />
For further reading, John Allison fans should pick up a copy of Creature From Jekyll Island.  Matt Moran fans should pick up a copy of The Web of Debt.<br />
:<br />
Hope this clarifies more than it confuses.</p>
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		<title>By: Matt Moran</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2694</link>
		<dc:creator>Matt Moran</dc:creator>
		<pubDate>Sun, 18 Oct 2009 18:11:50 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2694</guid>
		<description>okay guys.....ready for a response.....</description>
		<content:encoded><![CDATA[<p>okay guys&#8230;..ready for a response&#8230;..</p>
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		<title>By: Matt Moran</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2633</link>
		<dc:creator>Matt Moran</dc:creator>
		<pubDate>Wed, 14 Oct 2009 21:09:57 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2633</guid>
		<description>To further anchor this discussion in the real world I&#039;ll provide two quotes.

From Rand in The Virtue of Selfishness:

&quot;When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church.&quot;


From Alan Greenspan, a (former??) Objectivist and former chairman of the Fed.  This is from Bloomberg (hardly a marxist or &quot;collectivist&quot; organ)


Yes, I found a flaw,&#039;&#039; Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. ``That is precisely the reason I was shocked because I&#039;d been going for 40 years or more with very considerable evidence that it was working exceptionally well.&#039;&#039;

Greenspan said he was ``partially&#039;&#039; wrong in opposing regulation of derivatives and acknowledged that financial institutions didn&#039;t protect shareholders and investments as well as he expected.


Guys, the &quot;separation of economics and state&quot; just doesn&#039;t work, the market requires regulation.</description>
		<content:encoded><![CDATA[<p>To further anchor this discussion in the real world I&#8217;ll provide two quotes.</p>
<p>From Rand in The Virtue of Selfishness:</p>
<p>&#8220;When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church.&#8221;</p>
<p>From Alan Greenspan, a (former??) Objectivist and former chairman of the Fed.  This is from Bloomberg (hardly a marxist or &#8220;collectivist&#8221; organ)</p>
<p>Yes, I found a flaw,&#8221; Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. &#8220;That is precisely the reason I was shocked because I&#8217;d been going for 40 years or more with very considerable evidence that it was working exceptionally well.&#8221;</p>
<p>Greenspan said he was &#8220;partially&#8221; wrong in opposing regulation of derivatives and acknowledged that financial institutions didn&#8217;t protect shareholders and investments as well as he expected.</p>
<p>Guys, the &#8220;separation of economics and state&#8221; just doesn&#8217;t work, the market requires regulation.</p>
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		<title>By: Matt Moran</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2632</link>
		<dc:creator>Matt Moran</dc:creator>
		<pubDate>Wed, 14 Oct 2009 20:53:33 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2632</guid>
		<description>Further, this is sort of random, but it should be clear that reason is not the only factor shaping human behavior.  Rand says her only influence was Aristotle, she (and you, by extension) would do well to consider that Aristotle, who is actually respected in the academic community, contended that humans are rational, social animals.  Reason is only one of a three part nature of man.</description>
		<content:encoded><![CDATA[<p>Further, this is sort of random, but it should be clear that reason is not the only factor shaping human behavior.  Rand says her only influence was Aristotle, she (and you, by extension) would do well to consider that Aristotle, who is actually respected in the academic community, contended that humans are rational, social animals.  Reason is only one of a three part nature of man.</p>
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		<title>By: Matt Moran</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2631</link>
		<dc:creator>Matt Moran</dc:creator>
		<pubDate>Wed, 14 Oct 2009 20:51:44 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2631</guid>
		<description>Peter, I&#039;m going to totally ignore that.  Nor do I understand why Michael needs to preface his paragraphs with insults.  I&#039;m guessing it&#039;s in order to impress himself, something I would expect from a fan of Rand, but maybe someone can explain this to me.

Michael, I agree with you when you say that people in a gulag or a slave plantation have lost control of their lives.  I would contend that a society in which people are forced to choose undignified labor or starvation mirrors the conditions of oppression in a society in which people are in chains or cells.  Wage Slavery, I argue, is a concept which does actually exist.  Thus, if you want to maximize the overall ability of people in a society to make most of their creative potential you need to guarantee that they wont starve, the most effective manner of doing this is through taxes.

How would an industrial worker become a Howard Rourk?  His job, by it&#039;s nature, doesn&#039;t utilize his reason, it is totally mechanical.  Thus, how does he get to own the fruits of his reason if the social context in which he exists discourages him from reasoning?  In isolation, Rand&#039;s arguments may seem sound, but when combined they are contradictory.  A purely capitalist society cannot achieve for the industrial working class creative fulfillment, but creative fulfillment is what Rand demands of moral people.  Her values conflict with the society she wants to build.  And im sure yall know what Rand says to do when you think you find a contradiction....Check the premises, one (or both) of them is false.


And try to keep this civil, I didn&#039;t personally insult you in my article or responses.  I know Rand liked to demonize as evil anyone who disagreed with her, but there is no reason for you to do that as well.  I&#039;m simply going to ignore you if you call into question my acceptance to this school.  I know this will make you feel triumphant and all, but academic maturity matters.</description>
		<content:encoded><![CDATA[<p>Peter, I&#8217;m going to totally ignore that.  Nor do I understand why Michael needs to preface his paragraphs with insults.  I&#8217;m guessing it&#8217;s in order to impress himself, something I would expect from a fan of Rand, but maybe someone can explain this to me.</p>
<p>Michael, I agree with you when you say that people in a gulag or a slave plantation have lost control of their lives.  I would contend that a society in which people are forced to choose undignified labor or starvation mirrors the conditions of oppression in a society in which people are in chains or cells.  Wage Slavery, I argue, is a concept which does actually exist.  Thus, if you want to maximize the overall ability of people in a society to make most of their creative potential you need to guarantee that they wont starve, the most effective manner of doing this is through taxes.</p>
<p>How would an industrial worker become a Howard Rourk?  His job, by it&#8217;s nature, doesn&#8217;t utilize his reason, it is totally mechanical.  Thus, how does he get to own the fruits of his reason if the social context in which he exists discourages him from reasoning?  In isolation, Rand&#8217;s arguments may seem sound, but when combined they are contradictory.  A purely capitalist society cannot achieve for the industrial working class creative fulfillment, but creative fulfillment is what Rand demands of moral people.  Her values conflict with the society she wants to build.  And im sure yall know what Rand says to do when you think you find a contradiction&#8230;.Check the premises, one (or both) of them is false.</p>
<p>And try to keep this civil, I didn&#8217;t personally insult you in my article or responses.  I know Rand liked to demonize as evil anyone who disagreed with her, but there is no reason for you to do that as well.  I&#8217;m simply going to ignore you if you call into question my acceptance to this school.  I know this will make you feel triumphant and all, but academic maturity matters.</p>
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		<title>By: MichaelM</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2620</link>
		<dc:creator>MichaelM</dc:creator>
		<pubDate>Tue, 13 Oct 2009 18:56:58 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2620</guid>
		<description>My frustration over your stubborn refusal to step up your mind from the level of mouthing the cliches of others to the level of thinking for yourself is beginning to dissolve now into pity. My accusation that you were being sophomoric is retracted. It was, I now see, an overestimation. 

As long as your comments consist of no more than an unbroken stream of assertions that this would or would not inevitably result from capitalist liberty and that would or would not result from democratic tyranny without the slightest attempt to explain how or why, they remain just a garbage can full of wasted text.

The reason that a black man on an 18th century plantation and a dissident in a Marxist gulag and a woman sold off to a potentate are all referred to as &quot;enslaved&quot; is because the essential characteristic in each case is that they have lost control of the application of their reason to their actions, i.e. their life.. When you and multitudes around the world justify taxation in the name of a reified collective that is nothing more than a majority of any given group, you share with the plantation owner and the Marxist dictator as well as the trafficker in humans as commodities the same moral principle: individuals do not have a right to the product of their own reason and actions.

Since one&#039;s life consists solely of applying reason to action and consuming the product thereof, saying that your moral standard does not lay claim to the lives of others is a just a lie. One of many you have embraced to get where you are in this thread.</description>
		<content:encoded><![CDATA[<p>My frustration over your stubborn refusal to step up your mind from the level of mouthing the cliches of others to the level of thinking for yourself is beginning to dissolve now into pity. My accusation that you were being sophomoric is retracted. It was, I now see, an overestimation. </p>
<p>As long as your comments consist of no more than an unbroken stream of assertions that this would or would not inevitably result from capitalist liberty and that would or would not result from democratic tyranny without the slightest attempt to explain how or why, they remain just a garbage can full of wasted text.</p>
<p>The reason that a black man on an 18th century plantation and a dissident in a Marxist gulag and a woman sold off to a potentate are all referred to as &#8220;enslaved&#8221; is because the essential characteristic in each case is that they have lost control of the application of their reason to their actions, i.e. their life.. When you and multitudes around the world justify taxation in the name of a reified collective that is nothing more than a majority of any given group, you share with the plantation owner and the Marxist dictator as well as the trafficker in humans as commodities the same moral principle: individuals do not have a right to the product of their own reason and actions.</p>
<p>Since one&#8217;s life consists solely of applying reason to action and consuming the product thereof, saying that your moral standard does not lay claim to the lives of others is a just a lie. One of many you have embraced to get where you are in this thread.</p>
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		<title>By: PeterM</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2610</link>
		<dc:creator>PeterM</dc:creator>
		<pubDate>Mon, 12 Oct 2009 23:15:39 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2610</guid>
		<description>You have to think the Wake Admissions Office is starting to wonder if they made a serious mistake in admitting Matt Moran.  I guess that&#039;s what happens when you drop the SAT as a requirement.

You also have to wonder which faculty member(s)/department is filling Matt&#039;s mind with such mush.</description>
		<content:encoded><![CDATA[<p>You have to think the Wake Admissions Office is starting to wonder if they made a serious mistake in admitting Matt Moran.  I guess that&#8217;s what happens when you drop the SAT as a requirement.</p>
<p>You also have to wonder which faculty member(s)/department is filling Matt&#8217;s mind with such mush.</p>
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		<title>By: Eric Roll</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2597</link>
		<dc:creator>Eric Roll</dc:creator>
		<pubDate>Mon, 12 Oct 2009 03:47:14 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2597</guid>
		<description>Sorry Matt, but you got owned.</description>
		<content:encoded><![CDATA[<p>Sorry Matt, but you got owned.</p>
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		<title>By: Matt Moran</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2595</link>
		<dc:creator>Matt Moran</dc:creator>
		<pubDate>Mon, 12 Oct 2009 03:14:50 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2595</guid>
		<description>And my moral standard does not say that people may lay claim to the lives of others, I dont say that anyone should be enslaved or killed or what have you.  I say that just government (i.e. not a dictatorship) as the tool of a society, reserves the right to tax people to fulfill other social needs and goals.  Government action, in a capitalist or even semi-capitalist economy is the best way to address issues of poverty.  Charity just doesn&#039;t cut it.  Again, if you disagree and don&#039;t think people owe society anything that&#039;s fine, go live in the woods.  But if you are going to enjoy the benefits of living in a stable society, which isn&#039;t so simply because of the military and police but the sum of government action, don&#039;t be offended if society asks you to pay for some of it.</description>
		<content:encoded><![CDATA[<p>And my moral standard does not say that people may lay claim to the lives of others, I dont say that anyone should be enslaved or killed or what have you.  I say that just government (i.e. not a dictatorship) as the tool of a society, reserves the right to tax people to fulfill other social needs and goals.  Government action, in a capitalist or even semi-capitalist economy is the best way to address issues of poverty.  Charity just doesn&#8217;t cut it.  Again, if you disagree and don&#8217;t think people owe society anything that&#8217;s fine, go live in the woods.  But if you are going to enjoy the benefits of living in a stable society, which isn&#8217;t so simply because of the military and police but the sum of government action, don&#8217;t be offended if society asks you to pay for some of it.</p>
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		<title>By: Matt Moran</title>
		<link>http://oldgoldandblack.com/?p=2416&#038;cpage=1#comment-2594</link>
		<dc:creator>Matt Moran</dc:creator>
		<pubDate>Mon, 12 Oct 2009 03:09:16 +0000</pubDate>
		<guid isPermaLink="false">http://oldgoldandblack.com/?p=2416#comment-2594</guid>
		<description>Just to preempt, I am not saying that because welfare is popular it is right, im familiar with argumentum ad populum, what I am saying is that the Objectivist characterizes taxes in a way that most people do not.  Even the wealthy &quot;producers&quot; in Norwegian society support the welfare state because they value the greater social goods it achieves.  Of course some people will call taxes theft and characterize welfare recipients as &quot;leeches,&quot; fortunately these individuals are in the minority.</description>
		<content:encoded><![CDATA[<p>Just to preempt, I am not saying that because welfare is popular it is right, im familiar with argumentum ad populum, what I am saying is that the Objectivist characterizes taxes in a way that most people do not.  Even the wealthy &#8220;producers&#8221; in Norwegian society support the welfare state because they value the greater social goods it achieves.  Of course some people will call taxes theft and characterize welfare recipients as &#8220;leeches,&#8221; fortunately these individuals are in the minority.</p>
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