Do You Believe Government Can Create Jobs?

Before Obama’s speech you should ask yourself, do I believe the government can create jobs? I know for certain that government cannot create jobs. If you think otherwise, don’t feel bad. It is normal to believe government has almost supernatural powers. In the darkest days of servitude, kings and queens were believed to have divine qualities. Belief in the magical power of government is biologically based.
Do you have choices? Of course, but the path of least resistance is to follow the ancient instinctive pull that assumes government has the answer. Government can no more create jobs than scientists can turn base metals into gold.

For the purpose of getting your vote, it is important that you believe government can create jobs as well as do a host of other impossible things. So, until Election Day 2012 you are going to hear promises to create jobs and comparisons as to who created the most jobs, schemes to stimulate the economy and so on. The country is in the early stages of a devastating depression, which will be far worse than the Great Depression of the 1930’s.
There will be no end in site until people start slapping themselves and saying hey they can’t do these things. Why am I listening to this? But, as long as you are listening, you are going to keep hearing it and getting more of it. The more the government does the more damage will accumulate and the longer it will be before a recovery begins.

One more thing, the Federal Reserve is considering issuing a fifty year bond. Why not make it a million year bond. If the money is never going to be repaid, what difference does it make?

Does Curbside Jimmy get a grant from the government to ride the rails?

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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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