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Re: Is Ron Paul 2012's Black Swan?

By: Decomposed in ROUND | Recommend this post (0)
Sun, 08 Jan 12 8:40 PM | 59 view(s)
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Msg. 37826 of 45651
(This msg. is a reply to 37824 by Decomposed)

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re: "Funny how libertarians are convinced that they have discovered the "root" of the problem and nobody else can see it."

Continuing with my previous post on this subject...

It also helps that the only economic alternative to what Constitutionalists propose is continued KEYNESIANISM, the very economic thought which has dominated the world for 70 or 80 years and which has led us into the economic trap now threatening to destroy us.

"Keynesian" economic theory in a nutshell, means "Government managed economy." Naturally, it attracts big-government proponents like a magnet. Keynesian economics is virtually the only economic theory that has been taught in the Western world's schools since the 1940s.

"Austrian" economic theory - which is the only significant alternative to Keynesianism - pretty much means "Free market economy." It argues that government should be kept OUT of the economy - which means there are no Central bankers, and NO unbacked currencies. The idea is repellent to big government proponents.

Americans have been duped into thinking that they have a free economy. Liberals therefore argue that today's problems represent a failure of capitalism. Conservatives blame Liberal spending (while ignoring the spending that THEY suppport.) Both lines of thought are utter garbage. There is no free economy and no true Capitalism in a nation whose very currency is regulated.

Having the government assign an arbitrary and changing value to the currency is a COMMUNIST concept. It's a wonder to me that this isn't more widely understood.

And that brings us right back to ktc's assertion that libertarians are the only ones who think they understand the problem... suggesting they think they're somehow smarter than others. Well, if others don't understand that there is no free economy when MONEY ITSELF lacks value assigned by a free market, then perhaps the libertarians are right.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: Is Ron Paul 2012's Black Swan? ***EDITED***
By: Decomposed
in ROUND
Sun, 08 Jan 12 7:54 PM
Msg. 37824 of 45651

re: "Funny how libertarians are convinced that they have discovered the "root" of the problem and nobody else can see it."

That IS funny, ktc. Or interesting, anyway. And while it's tempting to say that all the NON "libertarians" are the same way, they aren't. I *DON'T*, for instance, think that liberals understand the "root" of the problem at all or want to. Liberals tend to stop thinking at "RICH PEOPLE ARE TOO GREEDY! SOMEONE'S GOT TO MAKE THEM SHARE!" (while missing the obvious hypocrisy between their two assertions). Then they usually launch into a torrent of insults that show how classless they really are. Conservatives tend to stop at "IF WE STOP BEATING THE CRAP OUT OF THE REST OF THE WORLD, WE'LL ALL DIE!" which is pretty stupid too since we're now spending almost as much annually as the rest of the world ($700 billion, versus $900 billion for everyone else.)

Both sides acknowledge that we're building monumental debts and will eventually need to stop, but neither REALLY wants to stop. They're children going crazy with Dad's credit cards.

By comparison, the Constitutionalists' argument that we did fine when we had a tenth of the government that we have today, comes across as pure genius.

It isn't, of course. And since Constitutionalists are no brighter than their counterparts, *I* think their position is rooted in their desire to make an HONEST attempt to deal with the nation's problems. The others don't. They stop at shallow thinking and sound bites that support their self-serving whims.

Conservatives and Liberals aren't so different. They both want more of what they've had in the past. And I do believe they'll get their way... as they have for decades. We're a democracy/republic, and they're the mindless majority.

But, to quote Reagan (who, in turn, was quoting John Adams), FACTS ARE STUBBORN THINGS. One fo the facts is that when it comes to debt, the piper must one day be paid. So, if the mindless majority continue to get their way, economic forces beyond anyone's ability to control will one day come crashing down upon their heads. Most of the 'crash' is painfully slow, though... a momentous force that most remain unaware of until it is far too late.

And that's about where we are. Constitutionalists see the crash coming and recognize it for what it is. Others have HEARD that it's coming but probably think it's really no big deal.

Addicts tend to get that way, and both the Republicans and the Democrats in this country have become addicted to government spending.

You know, folks in North Korea were EATING tourists a few years ago. Their leader had killed millions of them. Their country, when photographed at night from space shows as nothing but a dark wasteland. That's how bad conditions are under the North Korean leadership. Yet when Kim Jong Il died, his oppressed subjects despaired. They cried hysterically. Change is what most people fear. Most Americans are that way too.

Actual adherence to the Constitution would represent some pretty serious change. The prospect terrifies people.


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