What is it about Keynsians and their inability to see the economic immaturity of their ways?
Granted, there are not enough Keyensians on planet earth to re-inflate the Fed's collapse. But are there enough Austrians to restore sanity and maturity to the understanding of how the free market actually works when it is truly free?
Have you found out about HR 833 yet?
Showing posts with label Keynesian. Show all posts
Showing posts with label Keynesian. Show all posts
Wednesday, February 25, 2009
Ron Paul schools Ben Bernanke and Barney on attempts to "re-inflate" a burst bubble
Wednesday, January 28, 2009
Ron Paul on Morning Joe Discussing the "Keynesian Death Spiral" Befuddles Economic Pundits
Ron Paul's message of economic liberty based upon the Austrian school is evidently too simple for the pundits on MSNBC's Morning Joe TV program:
Watching this video, it occurs to me that those who hold a Keynesian view of economics are like immature little children unaware that their actions have consequences.
In response to Ron Paul's rational, adult perspective on the economic crisis, towards the end, you can hear Mika (Zbignew's daughter) saying:
"I'm just not sure we are ready to accept that."Little children do not often "want" to accept the consequences for their actions, but responsible parents make sure that they understand the link between cause and effect. If not, they grow up to be adults with an irresponsible child's lack of understanding of the world and how it works.
How many of you wish to behave as responsible adults rather than spoiled little children? Responsibility brings freedom. Based on what they say, most political and economic pundits secretly live in the basement of their parents' home, fearing the freedom that would certainly break out should this Keynesian death spiral come to its inevitable conclusion.
Watch it as many times as it takes to understand the argument of the mainstream media pundits. It is not one of countering Dr. Paul's perspective on the merits, but rather an unwillingness to face the consequences of improper action.
Putting your fingers in your ears and stomping your feet has never been an effective method for thwarting the physics of karma. It does not work for your children, so it should not work for highly-paid talking heads in television news.
The irony is that until we become as little children, we may never see that the emperor has always been naked.
Ron Paul has always been right about this economy, it's just that he was one of the first to point out that the followers of Keynesian economics have never worn any clothes. Eyes are opening, but if you look to the mainstream media for leadership, you will behave as the proverbial lemming and follow them right off the economic cliff.
What of the new president? Obama may be a "nice guy" but, thus far, there is no indication that he understands the true nature of the economic problem either. If he thinks that government can solve that which government facilitated, he is merely appealing to the foot stomping, ear-hole plugging masses who wish to stay in their parents' basement.
When kids persist with such antics, eventually parents must lock the door and ignore them until they tire of such childish behavior. If we are to restore soundness to our economy and this republic, the same must be done with those in Big Government and Big Media.
Wednesday, July 23, 2008
Born into Inflation Slavery: The Role of the FED in Taxing America to Death
Headline: You Owe $455,000 "According to the Government Accounting Office, each American household owes $455,000. This is your share of the $53 trillion in long-term liabilities held by the U.S." How do you spell economic slavery? F-E-D.
Did you authorize such expenditures leading to the indebtedness of your grandchildren? The Keynesians are squirming as Ron Paul is looking more correct everyday regarding the bankrupt inevitability of relying on a debased currency for economic stability.
The Austrian school of economic thought has always been grounded in a principled understanding of the Law of Cause and Effect. The Fiat Money Masters have excelled in the sleight-of-hand tricks made famous by black-hatted illusionists of the international banking cartels. What was it Jesus said about the "money changers"? Beware. We didn't and the people of planet earth stand on the precipice of a global economic catastrophe brought about by our reliance on paper money created from thin air.
What do Democrats and Republicans propose as a solution? More spending, more taxes and more indebtedness. How did we ever let children into positions of such power? Some of you might try to claim that Republicans are not for more spending and taxes. What are you smoking? John McCain is all about another bailout. With what money? That which is created by the FED from thin air and then used to enslave you and your heirs in a never-ending cycle of boom-bust-boom-bust until now when it just goes bust-bust-bust. How do we get a bust reduction? Restore sound money to the landscape. Since the Constitution has not yet officially been repealed, I believe that Article One, Section 10 still applies:
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
How is increased spending a tax if taxes are not specifically raised in support of that spending? Inflation. Inflation is a tax?
It is actually the worst and most insidious because it occurs without the consent of the governed. Ron Paul, in his questioning of Fed Chairman Ben Bernanke last week, actually got him to admit in congress that inflation IS a tax. Dude! You want a litmus for candidates for the presidency? Ask them if they believe that the Federal Reserve System is part of the government. If they answer "yes" they are immediately disqualified for being too dumb to head the Executive branch.
When your children are born into a half-million dollars of debt at the time of their first breath and the politicians only work to increase it -- you know that the economic inmates are running the asylum. Vote McCain and Obama for more of the same. The only change you'll get are the clad coins that become worth more than their face value as Bernanke's printing presses run 24-7 to delay the inevitable. Too bad they made it illegal to melt down pennies and nickels to sell for their scrap value, as it now exceeds their denominated value. Inflation is immoral, unethical and used to be punished by death. I only hope that it does not result in the death of our nation. It does not have to.
Check out http://www.dvds4delegates.com/.
Don't give up on liberty or your kids and grandkids may curse you one day. Personally, I would like to have them look back at this time in gratitude for those of us who stood up for liberty against the political-economic tyranny of the two headed beast known as the Republicrats and Demicans.
Freedom is not free, but neither is it indebted to the tune of $455,000 FRN's per American at birth. That's called being born into slavery.
Wednesday, June 25, 2008
The Fed's Mystical Powers Versus Ron Paul's Campaign for Liberty
Hmmm. Let's see, a private group of bankers can print money out of thin air and charge us interest for borrowing some of the "nothing" that they print. This same organization wants to "police" financial transactions with the blessing of congress. What has Paulson been smoking?
Criminals do not regulate, they enable more criminal behavior. Just because congress has abrogated its responsibility "to coin money and regulate the value thereof" does not make fractional reserve banking moral, ethical or constitutional. Evidently, there is the law and then there is the Federal Reserve.
"Our nation has come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk," Paulson plans to say...
I wonder why anyone would expect a private banking cartel to be savior of U.S. and world financial markets? Perhaps because we have been programmed to believe in artificial reality over reality. The current economic crisis we all face is not due to "too much freedom" but due to government interference, over-regulation and the destruction of the dollar by removing it from finite, tangible value (i.e., gold and silver). So now what is Treasury Secretary Paulson's great idea? More market interference and stifling pseudo-government regulation through the private Federal Reserve System. This despite the fact that
"...the central bank has neither the clear statutory authority nor the mandate to anticipate and deal with risks across our entire financial system."
So why then do the preponderance of economic "experts" in government and media continually call for more of that which got us into this mess in the first place? Can you say "conflicts of interest?" It is not possible that 99%+ of all pundits out there do not know the REAL reason for inflation. How dumb of an expert do you need to be to not know that printing more fiat money results in the devaluation of every dollar you already have? Supply and demand my as-pirin. Oil is not $140 a barrel because demand is up. Global demand has actually been dropping due to increased prices. The reason that oil prices are not dropping along with it is because the oil producing nations realize that Bernanke has been printing Federal Reserve Notes like there is no tomorrow. At this rate, there will be no tomorrow for the fiat U.S. dollar.
"Bottom line it for me." O.K. You cannot solve a problem from within the same consciousness that created it.
I will say it slower for Ben Bernanke and the rest of the Keynesians out there. You cannot print, borrow or spend your way out of inflation that is caused by excessive printing, borrowing and spending, particularly to prop up the welfare/warfare state. This is precisely why government grows whether it is under the control of Democrats or Republicans. It is irresponsible not to speak this truth when such an impending and entirely preventable disaster rears its ugly head. Funny how the one man with great responsibility that actually pointed out this truth through this past primary election season was ignored, marginalized and ridiculed precisely BECAUSE he spoke the TRUTH.
Now Ron Paul has inaugurated the Campaign for Liberty so that the inmates running the asylum could be woken by the force known as We the People. If voting could actually change anything, it would have been outlawed long ago. If we lived as a free and responsible people, we would not be entertaining the potential financial collapse of this nation, nor would voting be much of an issue. When we live according to two simple laws, then all politicians and bureaucrats would be bound down by the chains of the Constitution.
Do all you have agreed to do and; do not encroach on other persons or their property. Thank you Richard Maybury. What is true for individuals is doubly true for their governments. In other words, if it is a crime for an individual, it is most certainly a crime for government. No matter who or what breaks the law, when the karmic bill comes due, the price is much greater when we maintain ignorance or arrogance. If we had lived responsibly in the first place, there would be no Federal Reserve and our money would be backed by gold and silver. Do you want individual liberty based upon economic freedom or economic slavery to fiat money by "helicopter" Ben Bernanke? You have always had the choice. If not, then you behave as if you are already enslaved.
The Fed has too much power already. That's why we are in this mess. Watch Congress give them more. Neither Obama nor McCain show any evidence of having the slightest clue as to the real reason for the financial trouble in which we drown. It's much deeper than the floodwaters of the Mississippi. Much. The only thing that could make it any deeper is to grant the Fed even more powers than it already has. Unconstitutionally, of course. Since when did that ever stop congress or the president? It's been a long time.
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