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  • Posted by freedomforall 8 years, 8 months ago in reply to this comment.
    He profited from the government granted (via corruption in 1912-1913 federal reserve act) monopoly for credit creation (from nothing) of the banking cartel, without which he would have had to compete in the free market. imo, he could not have risen to the top of the banking structure without knowing they were looting from producers in order to become wealthy and powerful. As I stated, he deserves a chance to prove he has changed and to bring down the unethical, corrupt structure that fed him in the past. Give him the rope and be willing to hang him with it if he proves to be just another looter.
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  • Posted by $ CBJ 8 years, 8 months ago in reply to this comment.
    What exactly did he do during his career that violated Objectivist principles? Simply being a banker does not make one evil, anymore than being a public school teacher is evil because that teacher's career is via the government school monopoly.
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  • Posted by $ CBJ 8 years, 8 months ago in reply to this comment.
    What exactly did he do during his career that violated Objectivist principles? Simply being a banker does not make one evil, anymore than being a public school teacher is evil because that teacher's career is via the government school monopoly.
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  • Posted by freedomforall 8 years, 8 months ago in reply to this comment.
    His entire career and climb to prominence was via the banking cartel. What a surprise that the hand that fed him favored their insider NY-beltway-ivy league pals over a southern based banker. That has been the case since the 1830s.
    Despite that, I say he deserves a chance to prove he has changed and to deliver on free markets in banking and asset based US currency.
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  • Posted by freedomforall 8 years, 8 months ago
    He is an ex-banker. His entire career has been in the banking cartel. I am wary based on this background, but open to Allison's claimed pro-liberty goals.
    As with trump, time and their actions will tell.
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  • Posted by khalling 8 years, 8 months ago
    he sits on Cato's board. Cato is anti-IP. but if he's in treasury, I think good choice. we should celebrate this!
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