Alex’s Reviews > The German State on a National and Socialist Foundation > Status Update

He hasn

"One who has this knowledge clearly in mind cannot be swayed at any moment, for it is indeed just a fundamental principle: that the state can only give what it must once again take away from its citizens in one form."
It can, however, create value out of nowhere by giving out interest free loans. Consistency, please?

The state can finance itself without taxes, if it forces people to work for it! Someone give this genius a medal.

The main goal of the national socialistic state is to create a state without taxes, sure. Too bad the state didn't ask Feder, apparently. Harsh as it sounds, I pitied him when I read this.

I must take back what I said about his realism. He has fallen head first into the fallacy that if you just pump more money into the economy, value can be created. In this particular case, if you create special "construction notes", houses will be created. Nevermind that resources are diverted from other uses this way, and nevermind the general problems with pushing down interest rates (ABCT).

He is such a one trick pony. Interest slavery this, interest slavery that. And none of it is derived from first principles. He doesn't know which parts of his narrative are truly necessary to tell, and which aren't. Again, who thought it was a good idea to hire him as ideologue?!

How can anyone be so redundant?!

He is not correct that everything is money which the state declares to be money. In fact, what causes hyperinflations is that a money stops being accepted as a money. Nobody wants the money anymore, its value drops, and then people want it even less.

Basically, Feder understands nothing of monetary theory. How could this man ever be the chief ideologue of a national movement?

He commits all the old, tired mercantilist fallacies on foreign trade.