What Can Greece Do?

150129greekdebtGreece cannot pay its bills and given its current economic system cannot grow. As part of the European Union. Greeks will have to get used to being poor. The alternative is to leave the European Union, replace their government, disavow all debt from the old government and start over. This will not automatically work. The new government must guarantee a free market system. The new constitution would have to separate government from the economy. Economies fail most often because the rich take control over government and rig markets. Rigged markets are great for a few but allocate resources so inefficiently that the economy eventually collapses. In absence of preventive measures, any democracy will morph into a Fascist system. In a Fascist system small players start failing. Greece is the first in the European Union. After Greece fails the next weakest nation will follow and so on. This is the only possible outcome.

Any country can easily become an economic power simply by guaranteeing a perfect free market system. Contrary to popular belief, a free market is a poor man’s best friend and guarantees a population with very few people. That is all it takes. As of now the world has no free market systems.

Which countries are most likely to turn to free market systems? The answer is none. Why? The mass of cannon fodder of which the world is inhabited are simply too stupid.00_logo_1

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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.

One thought on “What Can Greece Do?

  1. Pingback: Slaves in Search of a Kind Master | Common Sense Economics

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