The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Saturday, July 21, 2012

Roaring Twenties

The Roaring Twenties

Characterized by Jazz, Gangsters, Prohibition and the Great Gatsby. However, you can also include automobiles, phones, electricity, refrigeration and television. All of these things were propelled into the publics daily norms as an increase of quality of life. 

I feel the roaring twenties is an excellent example of how capitalism increases our quality of life. You may say, "but it caused the great depression." Capitalism did not cause the great depression. The fed caused the crash after which no one outside of investors and bankers had lost jobs. The economy was still good and employment was high. Then socialism and socialistic policies implemented by politicians supposedly to combat a recession caused the great depression. It caused the loss of productivity and stretched out the eventual recovery. Capitalism, when left alone, always bounces back quicker than government intervention, AND when it does quality of life is increased even more.

The government cannot and does not, nor has it ever been responsible for the increase of quality of life. Electricity, computers, medical advances, energy advances and any other advance you can think of is the result of capitalism. Remember this as we head into an even greater era of depression (ie socialism) than that of the "great" depression.

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