Auto-SummaryThe Federal Reserve, established in 1913, has manipulated the money supply, leading to monetary inflation and decreased relative worth of currency, ultimately driving up prices. The author argues that wealth creation is not a zero-sum game and that most people do not attempt to prevent others from gaining wealth, but rather create an artificial aristocracy to enjoy a superior standard of living without superior merit. The author also criticizes the short-sightedness of some libertarians and believes that businesses should prioritize customer satisfaction over short-term gains. The author shares their extensive skills and experience in various fields, including computers, cars, electronics, art, writing, music, carpentry, masonry, metal smithing, home repair, office software, physics, economics, psychology, neuroscience, and history. They argue that the American corporate culture values ego over merit and that people often make cognitive errors in the workplace. The author believes that negotiation is not possible between those of unequal power, particularly in the context of employment, and that the state acts on behalf of the people.
Quote: The Federal Reserve has been in existence since 1913. The money supply has been manipulated by the entity ever since. As the currency in circulation increases (monetary inflation), it's relative worth decreases, driving up prices. This was occurring at the hands of the Fed before most people were even born.
Just because your generation didn't invent the system, doesnt mean you havent been using it. Who spent all that money? Who allowed the politicians to run up this debt? I can safely say I had nothing to do with it. I just gained the right to vote 5 years ago.
Quote: Wealth creation is not a zero sum game.
this seems to be the new favorite piece of rhetoric among libertarians on this board. Whenever you get backed into a corner, you always recite that dogma. Perhaps you could explain to me what it means.
Quote: Most people never attempt any such thing. What would be the purpose of a person attempting to prevent others from gaining wealth?
To create an artificial aristocracy so they can enjoy a standard of living superior to everyone else's without having superior merit.
Quote: However, you have a very ignorant view of business if you think it is about screwing the next generation. Businesses rely on customers, screw your customers and you will suffer in the long run. Most businesses do no operate this way, they want to stay in business.
You are very ignorant about human psychology if you think that people aren't that short sighted. Most libertarians I talk to don't give a fuck about what happens to this planet or the human race unless it effects them personally. Why would they care what happens in the future if they aren't going to be here?
Quote: Maybe $8 an hour is all your worth. Despite what your ego tells you, employers are a much better judge of the value of your services.
No employer I've ever had even came close to putting my skills to use. My knowledge and intelligence are more of a liability than an asset in the workplace. Why? Because people get threatened by those who are more intelligent or more skilled than them. The boss's ego often times gets in the way of productivity. This is how its been at every single place I've worked. Why else would they fire me if my numbers are the highest and customers ask for me by name? I've even had managers straight up tell me: 'I want to promote you, you are by far the most qualified, but my boss doesn't like you, so you're fired'
Not to mention the fact that 90% of my education is autodiadactic. I fix my own cars and my own computers. I read for fun. But I don't have certifications, or any kind of experience on record. I can do these jobs, but I can't get these jobs. That would require an inside connection. Jobs dont go to the most qualified, they go to the boss's friends and relatives. Failing that, they go to the best dressed. Such is human nature. People use inaccurate predictors and jump to faulty conclusions. All the time.
Quote: Employers can't afford to hire people without expecting a return of their investment.
Of course. But they tend to place their confidence in the wrong people. Again, its the documented cognitive mistakes that people tend to make.
Quote: If they do, they are idiots, and will soon be out of business.
...and this is a good thing because...? When an idiot goes out of business, it will probably negatively effect people who aren't idiots and don't derserve it. I've worked at a couple places that ended up going out of business because the boss thought he knew better than his employees, or because the boss put too much faith in the wrong employee. Just a couple morons in positions of power can cost literally hundreds of people their jobs, or even their 401k's.
Quote: What the hell kind of skills do you have and what industries have you worked in?
you got a few minutes? 
I was building and programming computers back when most adults didn't even know how to turn a computer on. I was making webpages back in '95 at age 15, when the only html editor was notepad.
I can fix any problem on any car as long as I have the manual.
I'm fully trained in all office software such as access, spreadsheet and word. After years of using complicated programs like 3DStudio Max, photoshop, and Logic, most office software is like a children's toy to me. I've yet to encounter a software program that I could not master in a very short amount of time. I've spent hours helping bosses twice my age and half my intelligence figure out how to use MSOffice.
I can solder and build electronics. I was building electric guitars at age 16. I've wired many home theaters and many car stereos. I've rewired electronic appliances to alter their function.
I am an artist, writer, and musician. I have studied art history and music theory.
I can also do carpentry, masonry, metal smithing, ac/heater repair, or any other kind of home repair for that matter. (hmmm, well, actually I've never done foundation work)
I cut my own hair. I cook my own meals. having worked at a health food store for 3 years, I am well-educated in nutrition, including supplements and vitamins.
I'm good with people, as long as I take my herbal supplements I have completed all the requirements for my ba in psych and am currently working on my masters in nueroscience via the fast track program offered by my university.
I have a good understanding of the scientific method, and have applied for many research assistant positions at my university. Unfortunately, these positions usually tend to go to the student that kisses the most ass, whether they are qualified or not.
I'm good with numbers, and have studied physics as a hobby. I got an A in both micro- and macro- economics and I didn't even buy the textbook or show up to class very often.
I am well read and have studied all world religions. I have studied history and politics. I am familiar with the culture and social customs of many peoples.
I've never been given a mangerial position, but whenever I have to do a group project for school, I have always been elected group leader, and everyone asks me what to do. I usually end up having to coordinate the whole thing and do most of the work. So you could say I have experience with people under me, although the only reason people would work under me is for their own self-interst and laziness in scholarly persuits. If any real power and money were involved, they would take the leadership position for themselves and make me do shit work.
The american corporate culture values ego over merit. Its as simple as that. Its really not even a corporate problem, its a human problem. People have extremely poor judgement when it comes to social matters. Psychological and sociological factors effect the workplace and influence people to make extremely bad decisions. Go to your local university library and search their research databases if you don't believe me. Its all been documented via controlled experimentation.
Quote: Well, when you run a business, you will be in a position to make that judgement.
I've been in business for years. Right now I work for no one.
Quote: The employer and employee mutually decide upon the job, both are free to negotiate compensation or to decline to enter into an agreement of employment.
how can you say that the employee isn't under duress when he needs income to survive? You cant just say 'fuck your terms' and walk out when you have mouths to feed and bills to pay. Many people take shitty jobs because nothing else is available to them and they don't want to starve. Personal standards are meaningless unless others back you up on them in solidarity. A person with standards cannot compete with the millions of workers who are willing to sell themselves short to continue their meaningless existence.
negotiation my ass. For a lot of people, its either do shit work for shit pay or starve. How the hell am I, one person, going to 'negotiate' with a huge corporate infrastucture? there can only be negotiation among those of equal power.
Quote: This is not something that is undertaken by investors, but by the state.
the state is acting on behalf of the people. people allow the state to do these things.
Quote: I submit to you that if this is the case, then they could get such jobs
thats just naive. In the real world, being able to do a job doesnt mean being able to get that job. And sadly, not being able to do a job doesnt mean not being able to get that job.
I applied for a job at this gas station once. I didn't get it, but they gave the job to this idiot foriegner that didn't even know how to operate the register or the lottery ticket machine. I have had to go behind the counter and help him with it numerous times, just because I was sick of waiting in line for him to figure it out himself. Why did that dude get the job instead of me? I was willing to work for the same amount of pay, despite the fact that I was obviously overqualified. He probably got the job because he knew someone I didn't 
Quote: Your assessment of other's marketable skill sets are not born of knowledge of being an employer, but of someone who makes arm chair pronouncements about that which he is not in a position to offer an informed opinion of.
thats quite an assumption you've made about me.
Quote: Again, sour grapes. How many businesses have your run? How many payrolls have you had to meet? How many employees have you had to fire because they weren't being productive or conscientious or were alienating customers? How many businesses have you consulted for?
I've never been given the opportunity to run a legal business. But I've seen it done by others, quite poorly, despite my many objections. Whenever I work at places I always make it my first order of business to get all the numbers; what stuff costs, what the profit margin is, what the overhead is. I consistently see profit margins which are not proportionate to worker pay, and I consistently see idiots who dont deserve their position make aweful decisions that negatively effect everyone. I've worked for several different companies and every one of them has been that way.
Quote: News flash: human psychology affects the bottom line. This is why employers look for people who can work well with others, will be presentable to customers, and will be reliable at their jobs.
you really are quite patronizing. I am well aware of these things. I was not refering to them.
I was refering to the human tendancy to make cognitive errors, and the tendancy for ego and limited perspective to get in the way of productivity. Which it does, consistently, in every place I have ever worked.
Quote: The actions of my generation? Are you attempting to lamely put the blame on me by association of age?
I didnt know how old you were. don't be so touchy. I was using a hypothetical 'you' (just like you did in the example I quoted). Seems to me you might be feeling a little guilty, since this is obviously a sensitive area to you.
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