The Going Out Of Business Sale

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Right now, the appearance is that the United States is having a huge going out of business sale. Prices are not reduced and nothing is on special. What it amounts to are masses of wealthy people taking maximum advantage of laws and policies that are designed for and are effective at moving the country’s resources in their direction and elevating the value of all of their assets.

From the upper middle class on up, government benefits are enormous. So, the norm is to max out as all of those benefits while they last. There are discount mortgage rates based on cheating granny out of the rightful interest on her savings and using that to subsidize home buyers. QE has showered upper income groups with countless windfalls. There are tax credits for many products only the rich can afford. The stock market gets unlimited organized support. Fiscal stimulus is a euphemism for lobbyist inspired government spending. Profits go to to the business whose lobbying efforts are the most effective.

The rich constantly espouse the virtues of free markets while reaping the rewards form our top down socialist economy.

All of this is being done while the United States goes out of business. The policies which give so much to all who would otherwise be contributing to economic  longevity and permanent prosperity for everyone are getting everything they can have and consume in the immediate moment without giving a thought to the future.

Top down socialism is destroying the country. Political power now determines economic outcomes. That displaces the free market. Freedom and free markets are the sole reason for any prosperity in the world today. With respect to free markets, the world is now in retrograde. Poverty will grow and prosperity will diminish. The standard mode with all who have political power is to take all you can while it lasts, but we are going out of business.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

Fantasy Free Economics recommends the following blogs.

Woodpiler Report Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts Straight Line Logic

 

 

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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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