Comments by "David Ford" (@davidford3115) on "How does JAPAN want to be a COUNTERWEIGHT to CHINA? - VisualPolitik EN" video.

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  28.  @futureshocked  First, economic analysists have confirmed that FDR's policies made the Great Depression worse, not better. Government NEVER creates anything except debt. FDR's government spending only took resources from productive areas and wasted them in places that produced very little return on investment. It was World War 2 that brought the US out of the Great Depression, that is a FACT. The 1980s prosperity is fake? Art Laffer again proves you wrong. As does Fresrick Hayek. The Reagan tax cuts, modeled off the JFK tax cuts prove beyond a reasonable doubt that LESS government taxation creates wealth while more taxation kills it. And the Trump tax policy confirmed and validated the Reagan-JFK economic policies. I agree that debt-based economics made BANKERS and SPECULATORS wealthy because they were extracting and pillaging the economy without actually adding anything of value. That has nothing to do with less government, that is actually a result of MORE government reward such behavior via bail-outs and printing money. Read Thomas Jefferson and the problem with banking institutions. There is a reason why most cultures consider Usury to be an evil practice. Killing the golden goose NEVER pays out in the end. Sure, it may make you feel better depriving the Zaibatsu or Chaebols, but it only makes things worse in the long run. Why? Because those oligarchs end up controlling government when the government tries to take their assets. This is just as true of Japan as it is in the US. Oligarchism only exists BECAUSE governments regulate. Without government regulation, there would be no need for oligarchs to seize control of the government.
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