How To Understand Economics and Politics

Step one is to know that the model that is used to explain the U.S. political and economic systems and the behavior of the various participants could not generate the situation that exists today. Individual citizens are assumed to be independent minded and autonomous. Politicians are treated as giving civil minded individual who are drawn to a life of serving others. The government is defined as a Republic and assumed to operate in that capacity. A system with these two ingredients would not result in a system where all of the bills that are passed in congress are written by lobbyists. Bills would not be passed over the objections of constituents.
A model where both politicians and constituents are driven by instinct instead of reasoning in making decisions would produce the exact set of circumstances that are prevalent in the country today.
Where economics is concerned the acquisition of power is a standalone motivation, every bit as relevant as the profit motive in determining behavior. Economist routinely ignore the fact that laws of dominance and subservience are in effect 100% of the time. Anytime two or more individuals interact there is a subtle contest to determine which one is dominate. Countries fight wars for the same purpose.
The defined role of government is different than what governments do naturally. A country can be defined as a democracy or a republic but not come anywhere close to constituting self government. The natural function of government is to act as a means for folks to trade freedom for security. Government also serves as a way for an elite class to profit off of the activities of the general population. All governments do these two things. In the U.S. citizens are convinced that they are in charge of their government but for have very little influence over their leaders.
It is a popular notion that freedom is a gift from the creator and that it is universally appreciated. Neither is the case. There is nothing in religious writings, regardless of the version of the creator, that suggest people are born free. Simple observation demonstrates that people are free until they trade their freedom for something they deem more valuable.

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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.

One thought on “How To Understand Economics and Politics

  1. tom jenner

    Thanks for this blog.
    Some of the things you are saying regarding power and freedom are things that I’ve been thinking about for a while. In America, for all practical purposes, the only right is power.

    Reply

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