The New Cold War

The new cold war is the coldest cold war ever fought. There are no winners. Everyone is a loser. Who is the best American? Why that is the American whose heart is always in the right place. Some say good Americans want less government. Some support the use of kind words only to describe one another. Who is a racist? Who is a bigot?

The cold war is between right wing virtue signalers and left wing virtue signalers. What is virtue signaling? I would like to give credit to the person who first used the term. It wasn’t me. I just put it to good use. Mostly virtue signaling is positioning oneself to appear virtuous to others. It is similar to what Jesus described as practicing righteousness before men.

There are actually two political systems in the United States. There is the formal system. It is within the formal system that the new cold war is taking place. It is completely bloodless and 100% safe to participate in. Virtue signaling is how Americans participate in the political system. The two waring sides believe that if the right ideas take hold in the country, everything will change to their liking. Americans vote and engage in virtue signaling all within the system given by the founding fathers through the Constitution. Now, the founding fathers did not limit a citizens political activities to virtue signaling. That activity evolved naturally.

The second system one is that of working outside of the official one. Nothing of any importance is accomplished in the formal or official system. Lawmakers do vote on for bills so that laws are made. How they vote and what is accomplished is determined elsewhere. The voting just makes it official. The system of government provided by the constitution has become impotent over the years and is now used as a model only. The general public believes it all to be working just as designed.

Who decides which laws get passed and what happens in government? Anyone with a lot of political power has a chance. It is an ongoing contest. Those who have mastered the method of using government to get what they want at the expense of others are who we are talking about. In the mean time all who work outside the formal system are tickled to death to see the population engaged in meaningless political busywork. The elite of the world go about getting what they want. Ordinary citizens are deciding who has the best ideas.

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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.