The Gold Standard Did NOT create the Great Depression, PRICE CONTROLS created the Great Depression – November 27, 2023

One of the easiest myths to debunk is the FAKE narrative that the gold standard created the great depression and leaving the gold standard created an economic boom. This is false. First and foremost, I have to make sure the reader comprehends that I am NOT for the return of a GOVERNMENT GOLD Standard, especially in Western Democracy, why?, because VOTERS have the right to vote to CONFISCATE private property from people they imagine are more successful than they are.

So as I’m debunking the gold standard great depression myth, keep in my mind that I’m NOT for the return to the gold standard UNTIL Western democracies are REFORMED.

The Fall of Welfare Capitalism

This is not an in-depth blog post; you have the ability to research these things on your own, but in short, welfare capitalism was the PRIVATE sector seeking to adhere to the SOCIAL needs of their employees without the assistance of the government.

 

 

Early Welfare Capitalism
As with modern capitalism, welfare capitalism began in the United Kingdom during the late 19th century at the height of the Industrial Revolution. Private sector employers needed programs that increased worker production through social welfare incentives.

Welfare capitalism is capitalism that includes social welfare policies and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century.

Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model and social market economy (also known as Rhine capitalism and social capitalism). In some cases welfare capitalism exists within a mixed economy, but welfare states can and do exist independently of policies common to mixed economies such as state interventionism and extensive regulation.

The Fall of Welfare Capitalism and the RISE of the Welfare State

Employees didn’t like the flexibility that welfare capitalism offered their EMPLOYERS, so employees ran to the GOVERNMENT to make Welfare Capitalism better and more PROFITABLE for them as employees, and this is where you start seeing MINIMUM WAGE laws and other price control regulations that would not allow prices to DEFLATE.

What people ignored about the great depression was the SHORTAGES of things, which is ALWAYS the result of price controls and the government intervening in the economy.

Something else people forget about the great depression was the underground BLACK MARKETS that were created and the other creativities created to avoid government regulations and TAXES.

People forget that one of the reasons for the economic boom periods that got people out of the great depression was all the people NOT paying their taxes and BREAKING the law, sometimes BLANTANTLY.

Even to this very day, you still have businesses that prefer cash over TRACEABLE payment methods. Now, when the Gold standard was ended, all that did was allow the GOVERNMENT to print the shortfalls in revenue.

You have to remember that in modern times, governments in Western countries operate like businesses. We even have some countries claiming they have a STATE-capitalistic economic system.

This theft by the government only exists because of the TAX CODE, which exists to help the government remain large, so if you’re not getting where I’m going with this, fiat money exists because of TAXATION.

Taxes were not supposed to be a permanent expense on the citizenry because the Government’s role in Western society is not to micromanage the economic behaviors of the citizenry. The government’s role is supposed to be to protect the liberties, freedoms, and PRIVATE PROPERTY of citizenry, and that’s it, but the moment the Labor unions were able to break that relationship, western society dissolved in the madness we see today.

So my position has always been why we should not have a GOVERNMENT gold standard under such a corrupt system. A government gold standard would only equate to the government via the CORRUPT voting public having more permission to steal from people they disagree with ideologically.

 

Price controls in any economic system are the most evil system one can imagine, because it completely distorts what’s happening in the markets and can also prop up the most evil and demonic forces in the universe.

Under a capitalist system, bad ideas are allowed to FAIL, which, from a Judeo-Christian perspective, equates to being able to see the DETAILS of the devil. The devils in the details.

 

Suppose a person is offering no value to society. In that case, that person should be exposed. This does not mean that this person doesn’t have a right to exist, but in a volunteerism society, people with bad ideas should be exposed.

This is how society gets better, this is how INNOVATIONS happen, and a lot of modern innovations are created purely to AVOID government regulations. This is why most countries on the planet are running GOVERNMENT DEFICITS

You have to remember that a government deficit is due in large part because of the GOVERNMENT WELFARE STATE. Under welfare capitalism, only the EMPLOYER could be in debt for their employee’s welfare; with the WELFARE STATE, all of society is financially responsible for the laziest and most unproductive people, most of whom work for the GOVERNMENT, and most of these governments workers get an above MARKET wage, and their wages and their PENSIONS are guaranteed even if their business model is bankrupting the country.

Interesting times ahead!