>>826
So your points are.
1: You don't know what socialism is.
2: You don't know what Keynesian Economics is.
3: Gold/silver capital plays a part in a nations' wealth.
4: According to any valid macroeconomic theory, libertarianism is wrong.
1: Socialism is the belief that the economy should be run by the people, most socialists believe this ought to be done through state control of the economy. I believe this is an awful mistake because it circumvents economic freedom, is inefficient since it ignores the invisible hand of the free market and makes corruption extremely easy.
2: Keynesian economics is a field which observes how macroeconomic state intervention through blanket policies, such as interest rates, affects the economy. Proponents believe they can solve problems, such as unemployment, by lowerring interest rates to promote growth. In truth all this does is upset market forces and cause people to make uneconomical decisions that reduce the overall value of the economy. The sub-prime mortgage crisis for example was caused by an extended period of low interest rates following the dot com bubble and 9/11 enacted by the socialist bush administration.
http://www.prospect.org/cs/articles?article=the_conservative_origins_of_the_subprime_mortgage_crisis
3: Everything plays a part in the nation's wealth. Be more specific.
4: Every macroeconomic theory implies analytically that other theories are invalid. This however is not the measure of whether a theory is valid or not. One must prove that Keynesian economics is valid before it can be implied that a laissez faire approach, state intervention caused the great depression after all.