No it is not true. It is the abuse of capitalism aka keynesianism. Keynesianism replaced capitalism in the US in 1913 when the banking cabal instituted the foreign owned federal reserve.
The system that replaced capitalism was first a hyper-active Keynesianism, brought about by World War II and which lasted until the late 70’s; Keynesianism itself was then replaced by a pure mercantilism, the system which combines private privilege with public power and which so incited the wrath of Adam Smith.
Adam Smith, FRS (Baptized June 5, 1723 – July 17, 1790) was a Scottish political economist, lecturer and essayist who is principally known for having authored An Inquiry into the Cause of the Wealth of Nations (1776) and The Theory of Moral Sentiments (1759).
No it is not true. It is the abuse of capitalism aka keynesianism. Keynesianism replaced capitalism in the US in 1913 when the banking cabal instituted the foreign owned federal reserve.
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The system that replaced capitalism was first a hyper-active Keynesianism, brought about by World War II and which lasted until the late 70’s; Keynesianism itself was then replaced by a pure mercantilism, the system which combines private privilege with public power and which so incited the wrath of Adam Smith.
Adam Smith, FRS (Baptized June 5, 1723 – July 17, 1790) was a Scottish political economist, lecturer and essayist who is principally known for having authored An Inquiry into the Cause of the Wealth of Nations (1776) and The Theory of Moral Sentiments (1759).
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Thank you for your comments.
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