Welfare For The Rich

Easy money is a favorite of Republican administrations. Debate continues over further Federal Reserve easing. Easy money is welfare for the rich in its simplest form. Easy money protects profit margins of corporations while depressing real wages of working people. Easy money also starves savers of interest on their savings. Most working class Republicans are not smart enough to understand how their pockets are being picked by easy money policies. Those who are smart enough are too lazy to entertain the slightly abstract concepts of how the process works. Very simply when the productivity of workers increases in a free market economy, prices either fall or workers are paid more. Either way, without government intervention regular people should be better off when they become more productive. Easy money policies prevent free market forces from working. Unfortunately Republican voters mistake sound bites for knowledge and never know that their role models are stealing their standard of living from them. To Republicans, their role models are their betters. Republicans never question much less criticize their betters.
Republicans also believe that Socialism invades an economy from the bottom up. That doesn’t happen in a country that starts out wealthy. Democracy is the true source of Socialism in the United States. Democracy is used to redistribute income in favor of whatever group has the greatest political power. Since the rich are powerful politically money goes to the top. In Socialism, money is like cream. It always goes to the top.
Republicans wish to exalt themselves when it comes to economic matters. The truth is that the Republicans are the party that has dismantled our free market system and replaced it with central planning. All the while, the Republican base has been in la la land thinking they are being good boys and girls for being pro business. Only suffering has a chance of curing such stupidity.

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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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