It's rather funny to see Craig King using the "dissagree" icon on my posts, while offering no counter-argument, no counter-evidence - no reason for his dissagreement. What exactly, Mister King, do you so vehemently dissagree with ? The idea that the economy exists to feed the people ? If not - then why do you think our ancient ancestors invented them, what is the purpose then ? More-over, if you believe this is not the purpose: on what basis can you justify this not becoming the purpose ? 
Do you disagree that real wages have stagnated in the USA ? Or that quality of life in social democracies are the highest in the world ? These are all verified and indisputable facts. If you disagree - can you offer empirical evidence to justify not accepting these facts ?
Am I wrong to call the Austrian Business Cycle Theory illogical and self contradictory ? I'll let a nobel prize winning economist argue that for me: http://www.pkarchive.org/cranks/hangover.html .Do you have an actual argument ?