Posts Tagged ‘Economic’

Way to go Hungary!! IMF: Get out!

November 2, 2013

Hungary Sheds Bankers’ Shackles. IMF told to vacate the country; nation now issuing debt-free money | Peace . Gold . Liberty

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The Internet and the Obamacare and a Controlled Net?

October 27, 2013
The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

Daily Bell covers another phenomenon with another way of looking at things:

Events are tending to consolidating into a setup for the infamous Mark of the Beast government. Everybody is using plastic, they’ve nationalized the ID already (done long ago almost everywhere outside the USA), and the Internet is a perfect vehicle for a buy and sell medium. IP6 Internet, I believe, they say anyway that it’s “more secure” than IP4. Don’t know enough about it yet to say, but “more secure” can mean anybody you transact with could identify you positively (as much as is possible).

Bitcoin can get traction in the stealth side of the Internet, somewhat, but that doesn’t mean there won’t be an attempt to use it to control the entire world’s economic activity. They could even let go of the current dollar disaster, no problem, they’ve already got some of these international units in place, euro-units, whatnot.

In fact, they could just criminalize all transactions done outside their scope.

Lots of readers are jumping in on this and thinking there are too many problems for this to make it work. Obamacare is a good warning on that, as central planning is always eventually doomed anyway. No matter with all that stuff they’re feeding the popular mind to scare them (us) with what their secret agents will do to bad guys (“Oh, and he owns an anti-government web site”).

No man shall buy or sell save he that hath “the mark”. But eventually, it all crumbles on the head of the dictator and dictators who get this thing going. During the plagues, a “grievous sore” falls on those who do have “the mark”, and eventually, “he [The Beast] shall come to his end, and none shall help him.”

Austrian Influence in China: Interview with and the WSJ

October 15, 2012
English: GFDL picture of F.A. Hayek to replace...

English: GFDL picture of F.A. Hayek Released by the Mises Institute. (Photo credit: Wikipedia)

Austrian Influence: China and the WSJ :: The Circle Bastiat

Today’s Wall Street Journal  “Weekend Interview”, “Zhang Weiying: China’s Anti-Keynesian Insurgent” highlights the work of this Chinese economist’s explicit application of work of Hayek and the Austrian School to the criticize and illustrate the ineffectiveness Keynesian based economic policy in China.

It seems Austrian free-market economics is finding interested parties in an unexpected place, China.

It seems they are very much aware that their own Keynesian monetary policy is a failure..

July 26, 2012

Raising taxes in January won’t knock off ANYTHING from the budget deficit. Raising taxes by letting the Bush-Congress tax cuts expire at all, especially on the higher brackets, will not help the budget deficit at all, because the net effect will be to reduce tax revenues.

The most direct and lightning-quick effect will be to immediately damp down the stock market, the small businesses will start letting people go that live on narrow margins (supermarkets). There will be less money in banks, fractional reserve banking will shrink it.

This is a major economic catastrophe.

There a reinstatement of the taxes pre-Bush-tax-cut they’ll say as if we had the same economic situation. Obama said in January 2009 that a time of recession is the wrong time to raise taxes, and he was talking about exactly this.

He and his closest confidants and sponsors know, they know, that this will be a big jobs-killer. They know that regulations are job-killers too, which is why they put off their intended regulatory job-killers off to 2013.

Some of the circle of cronies know this, but some are just stuck in Keynesian fantasy-land, where printing money magically creates wealth by kicking off a spending cycle.

But what spending fiat money really does is it takes resources out of the productive economy and makes them serve the political purposes of the spending, the whims of a a government-guaranteed monopoly on currency values. It concentrates on spending at the consumer level instead of the wealth-producing investment level. Creating more wealth creates more production for later consumer spending as an effect, with a lot more supply to spend it on, and a lot more genuine consumer wealth too.

Taxes and central-planning command regulations are jobs-killers. Especially per capita taxes.


The “Business Insider” is a psy-war stealth socialist disinformation propaganda tool

July 1, 2012
Support HR 1207: Audit the Fed!

Support HR 1207: Audit the Fed! (Photo credit: r0b0r0b)

Keynesian Economics

Keynesian Economics (Photo credit: Seabamirum)

The “Business Insiderweb site again shows why it should find some other “business” to get into where they don’t do so much damage.

Keynesian economics and the infiltration of Nanny Government thinking has dumbed down the people that should have known better.

Here is the article that sparked this reaction:

Here is their first “brilliant” point:

“1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from “too much regulation” and “too many taxes.” Maybe little companies are, but big ones certainly aren’t).

And this is on a web site that calls itself “Business Insider”? Really?Are you kidding me?

They should go take a hint from Ron Paul and get educated in the Austrian school of economics instead of sticking to the now grossly discredited Keynesian failed models.

The “too much regulation” regime and “too many taxes” are EXACTLY factors that make the world safe for the BIGGEST corporations and kill their competition from little upstart businesses. The smaller companies may well operate as businesses more efficiently and do more with less, except Nanny GOVERNMENT caring for us so much with the ivory-tower desk-jockey masters of bureaucratic turf and all the tidal waves of legislation game the system with an advantage for the bigger guys.

The price of everything, how to price your goods, who is to say what its value is?

March 17, 2012
Ah, The Invisible Hand that knows the price of everything and the value of nothing.

Oh, yeah, better we have Harvard educated grads who know exactly what the price of everything should be and the value of everything whether anybody agrees with it or not.

Smugglers who play to the dissidents in such command economics would be out of business if not for market pressure from people with different valuations.

Here is one problem with the interference, found at the following link, but I have to insert a disclaimer: The web page offers a description of Adam Smith’s “invisible hand”, but then goes into some analysis that in one case, pretends to ignore one of Smith’s own prerequisites, (a generally moral people):

It is clear why Smith says that moral norms are necessary for such a system to work – in order for exchange to proceed, contracts must be enforceable, people must have good access to information about the products and services available, and the rule of law must hold.

I have begun to lean toward that kind of idea, one shared by Dambisa Moyo and others whose origins are in poor countries, that in some cases, where the people’s culture do not hold to “moral norms”, it all breaks down because people lie, cheat, steal, and manipulate the rule of law making it meaningless to get theirs. But you can’t get everybody to agree to a plan. Everybody can relate to the joke Jews tell on themselves, get ten of them in a room and you have twenty different opinions. If they’re not moral they’ll get a benevolent heavy hand that fades away later (good luck with that, some would say), or mass subservience, or tyranny. The USA is coming up to that pretty soon. But they can’t get to tyranny unless there’s enough of them that just trust their leaders’ word for it that the tyranny’s commands is “fair”. Kim il Sung gives them everything they need.

Further down in the article is “one of his [Adam Smith’s] most famous quotes”:

Man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favour, and show them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me what I want, and you shall have this which you want, is the meaning of every such offer; and it is the manner that we obtain from one another the far greater part of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love.

So Adam Smith agrees that the kingdom of the consumer of goods is the wisest “planner”, as opposed to some central command and authority. “You will buy this, and you will like it!”

Mr. Friedman, Don’t You Ever Doubt Capitalism?

November 10, 2011

With all the inequity and greed in the world, don’t you ever have a little doubt about capitalism, Mr. Friedman? See the answer in this short clip on youtube: