Comment: I thought up a very easy way

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I thought up a very easy way

I thought up a very easy way to explain it to you.

Can we agree that in a free market world, private business would and should have the following 3 aspects:

1) Private Ownership?: if the company does poorly, no bailouts. if the company does well, the private owners get to keep the millions

2) Consentual Transactions?: People who want to shop there, or use the good or service can. If not, then they wont.

3) Free Competition?: Anyone who wants to open up a competing company can do so.

So a Communist world would be:
1) No
2) No
3) No

But in an ideal world:
1) Yes
2) Yes
3) Yes

The current Fed:
1) Yes
2) No
3) No

The problem with the fed isn't that there's a "Yes" in the "is it privatly owned?" slot. It's that there ISNT ALSO a "Yes" in the other two slots.

PRIVATIZE THE FED!! (i.e.: have it privately owned, with consenting customers, with competition.)