Tag Archives: world’s best economist

Democracy Under Siege Free Markets Near Extinction

Leave a reply

tombstoneIn a world that appreciates democracy, ordinary British citizens deciding an issue for themselves would be treated as a wonderful development. The current global mindset is that it is much too dangerous for regular people to decide these things. The anti democracy mindset is far more dangerous than any negative developments coming out of leaving the European Union.

Where free trade is concerned, the European Union is a hindrance to free trade. With actual free trade, British Citizens would be much better off. Goods and services would be less expensive, employment would increase. Only billionaires who use the European Union to rig markets would be better off remaining. All notions that a government can initiate programs that improve the economic lives of citizens are nonsense.

For Britain or any other country, free trade comes down to unilaterally removing trade barriers. Free trade plus free markets are the ticket to prosperity for any aggregation of people wishing to make use of the principles.

The world owes Britain a debt of gratitude for re-introducing democracy to the global political scene.

HardTimes Coming , A Curbside Jimmy Original

Fantasy Free Economics

Leave a reply

Fantasy_Free_1_small

I am changing the name of my economics blog to Fantasy Free Economics. Common sense is largely misunderstood. Being fantasy free is the primary attribute necessary for using common sense. Mainstream economics is based on fantasy in more ways that it is possible to enumerate. Fantasies can create dynamic economies which appear to be flawless until they start to crumble. The biggest economic collapses occur in economies where fantasies are mainstream and give rise to flawed conventional wisdoms.  The German economy under Adolph Hitler is a prime example. The fantasy of Aryans being a master race kept Germans focused on the future until the country was destroyed in war.

Fantasies, some potentially as damaging, are the foundations of many economies and political systems. Fantasies Americans have about themselves and the United States abound. Fantasies can be nice thoughts but they always come undone and reality eventually imposes itself on the general population. This is in the process of happening right under the noses of American citizens.

Some fantasies are lethal as was Hitler’s Aryan fantasy. Americans claim to be special but are unwilling to engage in the behaviors upon which “being special” is based. The notion that government is benevolent is another one. Is the U.S. military actually promoting freedom around the globe? All evidence shows that it is not but the minds  fantasize that it is . As wonderful as all of these fantasies are, there is certainty they we will all be impoverished by believing them. Chances are these popular notions will get many of us killed and result in the loss of our political system.

I am the world’s best economist, but nowhere close to the smartest. Being the best is only temporary. That will be clear when others discover my observations. Right now mainstream is seriously handicapped by treating individuals as being autonomous and independent in decision making. Human beings rarely make individual choices and that is a big disadvantage to all who insist that they do.

A fine timely tune by Curbside Jimmy, Euphemism Mountain Euphemism Mountain

Pro Business Vs. Free Market

2 Replies
Grandmothers all across the country are busy promoting their own poverty

Grandmothers all across the country are busy promoting their own poverty.

 

 

 

 

 

 

In a free market system, Grandma works all her life and saves $100,000 for retirement. She earns 5% per year in interest or $5000.00 per year in terms of dollars. Eventually Grandma dies and leaves $1,000 to charity and $33,000 to each of her children.

In a pro business system (fascist) banks and other corporations do not need to borrow from Americans who have earned and saved money. Instead, the Federal Reserve creates an endless amount of free money to lone to businesses for less than the rate of inflation. So, Grandma receives $500 per year on her savings instead of $5000.00.

Corporations lobby Congress and get bills passed to force Grandma to pay extra for gasoline because of the ethanol requirement. Free money to businesses allows them to maintain high profit margins and that costs Grannie also.

In a fascist system, government is not merely used to cheat ordinary Americans. In this system money goes to the top just like cream. When the public is completely squeezed out by using government, businesses start cheating one another. When that source dries up a war is often started to temporarily stimulate demand. Anyone who thinks the industrialists in Germany had no influence over Hitler, has not studied history. The industrialists were just as culpable as the bad man himself. Most German corporations survived WWII as did Japanese corporations.

Oddly, Americans don’t mind being cheated. This is fine except, the entire country is being destroyed along with the wellbeing of grandparents, children and grandchildren.

00_logo_1