Centralized Banking - Is A World Bank Good?

[kerrin]

In the midst of this global economic "crisis" this topic, Central Banking and in particular a central world bank, will be coming up soon after the G7 summit this weekend (http://afp.google.com/article/ALeqM5heJMoE-zjHoSvQX8LzGWjQNpqA-g).

Two apposing views on central banking:
Ludwig von Mises Institute (http://mises.org/story/2930)
The Wall Street Journal (http://online.wsj.com/article/SB122360636585322023.html?mod=special_page_campaig n2008_mostpop)

Do you think it's a good idea? Why or why not?

[John Scott]

Wall Street likes the bailouts because it removes the risk from dumb bets. Absolutely criminal, IMHO, to have the government bail out people who made bad loans.

[kerrin]

Absolutely criminal, IMHO, to have the government bail out people who made bad loans.
Especially when the government encouraged, almost forced the bad loans.

Current "conservatives" claim government needed to step-in to avert a crisis. They say government needs to be a "backstop" to free-market greed.

Of course "Liberals" are mostly silently supporting bailouts because it's what they would do.

[John Scott]

Current "conservatives" claim government needed to step-in to avert a crisis.

Those labels are worthless any more. Conservative used to refer to people like Ron Paul - small government proponents.

Now it refers to neocons.

[kerrin]

Those labels are worthless any more. Conservative used to refer to people like Ron Paul - small government proponents.

Now it refers to neocons.

So true. I have talked to many voters who identify with the Republican party and will vote that way, but they have no idea what the neocons have done to that party. When I mention neocons to people they say, "huh, what?" The Republican party is in trouble—they must reform or die.

[jtaporco]

where did all the neocons come from?

[kerrin]

where did all the neocons come from?
Alien life forms planted them here to ruin the country.

For the history of their political philosophies wikipedia will be more informative then I could be:
http://en.wikipedia.org/wiki/Neoconservative

As far as the current ones in power Cheney for the most part introduced them into the Bush administration. Bush was a true conservative prior to 9/11, after which the neoconservative philosophies gained ground within the administration and in my opinion, unfortunately, Bush listened to them.

[John A Roark]

One world government.
One world currency.
One world religion.
One world language.
One world education.
One world bank?

Yes--when we make contact out there. Not until.

If there are those either yet unenlightened or inexpllicably resistant, let me use mathematics in the argument that we will make contact someday:
How many stars in the known universe?
How many of those are either G2 or another type of appropriate star able to support life with the necessary light, heat, and radiation?
How many of those have planets of the right size and composition at a workable distance from them?

The numbers are (wait for it) astronomical...no, I do not apologize for the pun.
Seriously, the numbers are staggering, and therefore the possibility that we are alone is infinitesimally minute.
Someday, we's gonna have neighbors.
That's the time for human homogenity, or at least the time to make the divisions much fewer.