How To Make Money

jobsContrary to popular belief, prostitution is not the world’s oldest profession. Armed robbery came before prostitution. Before that, taking things by force, arms or not, was the world’s oldest profession. Perhaps prostitution was late because outright rape was common place among early savages.

The activities of the Federal Reserve and other central banks are actually far more destructive than the crimes the cavemen committed. And, with cavemen it wasn’t even a crime. It was part of survival.

The activity of work is where the concept of money begins. In the early days, when more was produced than consumed, usually the most precious portable commodity served as money. Precious metals became popular, gold especially. The natural amount of money in a society consist of money earned but not spent plus the amount that can reasonably be expected to be repaid when loaned out. Work is the only way to create money.

Central banks create currency and demand deposits independently of work performed. Work is what backs up money. Without work money ceases to exist.

Money created by central banks has only one purpose. That is to extract real money from people who have actually worked and earned and give it to people who have political power but who do no work at all. The average man can feel the disappearance of his money but has no idea what is causing it to disappear. Beginning with TARP and followed by multiple quantitative easing initiatives it has been open season on most everyone in the United States.

Money will continue to disappear from its rightful owners for as long as citizens believe the federal reserve is anything other than a political organization carrying out political agendas.

 

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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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