At Least She Knows She is a Socialist

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The phenomenon of young Americans turning to classic socialism is interesting. Even more interesting than that is the fact that their critics are unaware they are socialists themselves. http://fantasyfreeeconomics.com/wpadmin/young-socialists/

Socialism is defined in a number of different ways. In a free market economy, a price system determines how goods, services and resources are rationed.  Any economy that is not free market based is a form of economics by force. Our former price system in the united states has been replaced by a system of allocating resources according to political power.

The critics of the classic socialists are socialists themselves. Without fail, they are Americans who reap great rewards by virtue of the political power their socioeconomic class possesses. Politics in the United States has turned out to be a game of “Look at them. Don’t look at me.” In the meantime wealth continues to be extracted out of the bottom of the food chain, and due to political power channeled to the top.

What you are hearing from the right is, “Pay me just because I exist but make sure free market principles are applied to everyone at the bottom of the food chain. So many Americans are conveniently unaware that they, not those they criticize are the problem.

Where are the free market people? If there were any, you would see them. How is a free market person recognized. A free market person is taking demonstrative action to repeal laws and close government agencies. If the day ever comes when you see that role occupied, you will have seen a free market person.

The socialism for the rich camp is well entrenched and not going anywhere any time soon. They don’t want to share their spoils with the people on the bottom so they call themselves capitalists while functioning as top down socialists. All would benefit by a free market system but that idea is not treated as an option.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

Fantasy Free Economics recommends the following blogs.

Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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