Predicts return of gold standard, also:
Daily Bell: You mentioned a gold standard. Should the Western world return to some sort of gold standard? What would it be? Is it feasible?
Steve Forbes: We will return to a gold-based monetary system. I don't think we'll go back to a 1920s or 20th century-style gold standard. But I think monetary policy will be tied to the price of gold, which manifestly it is not today. So, yes, a gold-based system is coming back, and it will be good!
Some of us might call it "Corporatism" or "Fascism."
bttt
Is that after they drum up some phony-baloney reason to confiscate people’s gold?
Really, Mr. Forbes, if the financial industry and the automobile industry did not screw up, the nation would be still electing Republicans. Voters turn to government when they no longer rely on those that laid them off. So point your guns at the cause not the result.
The famous. “Third Way”.
How about each State with its’ own currency/script with a federal currency based on gold for FX?
My main concerns about Steve Forbes is his approval of amnesty for illegal immigrants for cheap labor purposes-Forbes is a Elitist Republican-and his “messed up face”. A lot of people forget that he’s for amnesty for illegal immigrants!
More precisely, IMHO, it's a form of corporatism, or syndicalism. If the auto industry is the template; then it's syndicalism.
It would require some kind of international consensus and agreement for it to work. The US Gold Standard collapsed in 1972 because France and other countries were devaluing their currencies to make their exports more competitive and US exports correspondingly expensive whilst draining the US of Gold by cashing in their dollar reserves. Without some sort of binding treaty or mutual gold standard between all major economic world powers, a unilateral decision to go back on it by the US will not work...
Buyer’s Remorse? No, don’t tell me Forbes figured it out.
later
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Companies will remain ostensibly independent, but their activities what they can do and how much they are allowed to make will be determined by the White House or the bureaucracy.
The vampire economy: http://mises.org/books/vampireeconomy.pdf
THE business organization of private enterprise has had to be reorganized in accordance with the new state of things. Departments which previously were the heart of a firm have become of minor importance. Other departments which either did not exist or which had only auxiliary functions have become dominant and have usurped the real functions of management.
Formerly the purchasing agent and the salesmanager were among the most important members of a business organization. Today the emphasis has shifted and a curious new business aide, a sort of combination “gobetween” and public relations counsel, is now all-important.
His job—not the least interesting outgrowth of the Nazi economic system—is to maintain good personal relations with officials in the Economic Ministry, where he is an almost daily caller; he studies all the new regulations and decrees, knows how to interpret them in relation to his particular firm and is able to guess at what may be permitted or forbidden. In other words, it is his business to know how far one can go without being caught. He also develops special knowledge on how to camouflage private interests so that they appear to be “interests of the community” or of the State.
Some businessmen have even started studying Marxist
theories, so that they will have a better understanding of
the present economic system.
Some businessmen have even started studying Marxist
theories, so that they will have a better understanding of
the present economic system.