Sound Bite Conservatives

Back in the 80’s when cable television was starting to grow kids were thought to say “All I know is what I see on M TV.” That was their exposure to the world. They knew all about rock music but that was it.
Today, adults are in a similar situation to that of the M TV kids of the 80s. These adults are today’s sound bite conservatives. It is realistic to say that all they know is what they hear on Fox News. Conservative thought is far more engaging than what is passed back and forth on televisions. In the world of conservative sound bites, we have capitalism and capitalism is good. Being for capitalism makes a sound bite conservative feel righteous. A sound bite conservative dismisses anyone who is critical of corporations or the rich as a socialist or a liberal.
The problem here is that in the United States, we don’t have capitalism anymore. What sound bite conservatives call capitalism is corrupt capitalism and not capitalism at all. Under true capitalism government insures a fair playing field. In the U.S. today, resources are allocated largely through central economic planning. Corporations have converted government into a tool for creating and managing markets and diverting resources in their direction by having favorable legislation passed.
Back in the 80s there was a resurgence of conservative thought. At that time virtually every conservative sound bite applied fairly well to the economic and political landscape of that era. In this century, reality has changed.
Everything a sound bite conservative says is true but none of it applies to the world we actually live in. For sound bite conservatives, criticizing the Occupy Wall Street protestors, in their minds, is a righteous thing to do. But since capitalism here has been corrupted, criticizing the protestors makes no sense at all.

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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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