The End Is In Sight

So what is it for which the end is in sight? Attempts at self government have never really been started so it is not that. Certainly Americans are not going to give up virtue signaling. Humans are not going to give up their herding instincts. They will not stop worshiping their leaders. Mostly what is ending will never occur to the average person. Perhaps it will all be taught in a history class fifty years from now,

What is ending is a many decades long government asset enhancement initiative. It is not ending because of lack of interest. The process of the government forcing up high asset prices is ending because that practice had destroyed the United States economy. Do Americans care? Probably they would if they were not clueless to the fact that it has been ongoing since Ronald Reagan was in office.  Asset enhancement has been like food stamps for the rich although asset enhancement is far bigger than food stamps. Is capitalism the blame? It can’t be. Using government to rig markets and extract money out of the poor and middle class is not an attribute of capitalism.

Government forced high stock prices are coming to an end. The end of prosperity of the average American is also in sight.  The economy of the United States is destroyed. Running stock prices up to create aggregate demand provides only temporary prosperity and for only a few. We will see the end of that practice for at least forty years.

None of this will end because of new information and better ways of doing things. The only reason for these things will end is because, there are no more ways to enhance the value of assets through the use of government. The parasites have killed the host, or at least have weakened the host so much that it cannot function as it needs to.

It is silly to try and blame this on one particular president. Presidents are clueless when it comes to the financial markets and economics.

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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.