Managing the Poor

usa-00560Isn’t it odd? The poor get so much from the government but they never ask for anything. When the poor get upset it is usually because of unequal treatment under the law.

There is great risk to to powers in place in letting the poor get uncomfortable. Since all people bargain away freedom for comfort, the poor are likely to sell out cheap. Talk show hosts who exploit the echo chambers attribute all success in life to character and personal effort. It is true these things are essential in order to excel at anything. But, the poor are on average well below the elite in terms of intelligence and other natural skills. An hour of effort by a poor person generates fewer results than the same hour provides for a rich person.

Democrats have built a reputation for caring about the poor and taking their concerns to heart. They do nothing for them but just the thought buys their loyalty.

The poor are a huge potential threat to the operators of our rigged market economy. As long as the poor are comfortable, there is no concern. Let them get cold or hungry in a big way and they might take to the streets and get violent. There are many more poor than rich. The imbalance in numbers, to the rich is worrisome.

Programs for the poor were constructed originally as a way of creating a loyal constituency for politicians who pretend to be concerned about them. Care has always been taken to insure that the rich benefit as much from these programs as the ones for which they are intended.

When there is talk of closing the food stamp program, all of the complaints come from corporate farms and food processors. The poor would find other ways to get buy.

Now that our free market system has been scrapped in favor of a rigged marked system, the rich must lobby congress for economic benefits in order to compete. To become a billionaire, it takes herding skills for sure but the aspiring billionaire most also be adept at using government to guarantee his profits. Government is good for forcing others to buy, rigging markets and capturing customers.

Like the Highway and the Sea

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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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