Federal Reserve Policy Makers Have An Incestuous Intellectual Relationship With Each Other.

Posted January 21, 2013 by austrianaddict
Categories: Econ. 201, Government and Politics, Hall of Fame
Tags: , , , , , ,
The Federal Reserve: The Biggest Scam In History

The Federal Reserve: The Biggest Scam In History (Photo credit: CityGypsy11)

This article, “A Bold Dissenter At The Fed, Hoping His Doubts Are Wrong”, by Binyamin Applebaum in The NY Times, is an example of , what Thomas Sowell calls, “credentialed ignorance”. He is being rather nice because I would call it an example of intellectual inbreeding. These Federal Reserve policy makers have earned their economic credentials from some of the “best” Universities, and we should stand in awe of them. Unfortunately I don’t give my respect to people with “status” that easily. I think respect is something that is earned, and just because they have a particular position or status in the political or intellectual world, doesn’t mean they should get my respect. What I have observed is that these people live in a continual feed back loop. They all think Read the rest of this post »

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Murray Rothbard: When Keynesianism Collapsed! Economists Are Still Trying To Preform CPR On This Corpse.

Posted January 16, 2013 by austrianaddict
Categories: Econ. 201
Tags: , , , , , ,

One of the great communicators of complex economic principles is Austrian Economist Murray Rothbard. You won’t find a better step by step explanation of economics than his book Man Economy and State.

I got this video from EconomicPolicyJournal.com.

For more analysis read this article titled, “The Many Collapses of Keynesianism”, by Lew Rockwell at Mises.org.

If you are wondering where inflation is today read this article titled, “Where Is The Inflation” by Mark Thornton at Mises.org.

Inflation doesn’t appear magically for no reason, and then the Federal Reserve rides in on its white horse and saves us from this beast. Inflation is caused by expanding the supply of money. The beast of inflation is caused by the savior on the white horse Read the rest of this post »

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“The Structural Endgame of the Fiscal Cliff”, by Charles Hugh Smith.

Posted January 14, 2013 by austrianaddict
Categories: Econ. 201, Government and Politics
Tags: , , , , ,
Ready to collapse. An old building in the Wil...

Ready to collapse.  (Photo credit: gbaku)

This article, The Structural Endgame of the fiscal Cliff, at peakprosperity.com, by Charles Hugh Smith, whose site is oftwominds.com, is the sober reality about where we really are economically and politically as a nation. When our political leaders say “the wealthy among us have to pay their fair share” they are trying to get you to think that the primary reason the Government is in so much debt is because these “wealthy” aren’t taxed enough. Like a magician trying to get you to look over here while the exchange is taking place over there, these spend thrift politicians hammer the “wealthy” as greedy because, for some crazy reason, they don’t want to pay more in taxes than what they are legally bound to pay, while these same politicians who greedily spend 1.3 trillion dollars more than they take in taxes, are being ignored, as the primary reason for the debt problem.   Here are some quotes from the article. Read the rest of this post »

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Milton Freidman, Moving Toward Serfdom.

Posted January 11, 2013 by austrianaddict
Categories: Government and Politics
Tags: , , , , ,

Not much more can be added to what is said in this video. This video I’m sure was made in the 80’s, how much farther down the road do you think we are today.

Here is an excerpt from the video, “We are getting what the public at large is asking for, and the public is asking for it , I believe, because they do not understand where it’s going to lead them, because they are misinformed and they are being led that way.”

We have to get people to understand that government regulation takes away individual freedom no matter how insignificant we may think a regulation is.

Read previous post, “We’re All Born In the Middle Of The Story.”

For more analysis read, “America’s Road to Serfdom?“, by Richard Ebeling at Mises.org.

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Marine Cpl’s Letter To Sen. Feinstein About Her Proposed “Assult” Weapons Legislation.

Posted January 9, 2013 by austrianaddict
Categories: Econ. 201, Government and Politics
Tags: , , , , , , , ,

Senator Dianne Feinstein,

I will not register my weapons should this bill be passed, as I do not believe it is the government’s right to know what I own. Nor do I think it prudent to tell you what I own so that it may be taken from me by a group of people who enjoy armed protection yet decry me having the same a crime. You ma’am have overstepped a line that is not your domain. I am a Marine Corps veteran of 8 years, and I will not have some woman who proclaims the evil of an inanimate object, yet carries one, tell me I may not have one.

I am not your subject. I am the man who keeps you free. I am not your servant. I am the person whom you serve. I am not your peasant. I am the flesh and blood of America.

I am the man who fought for my country. I am the man who learned. I am an American. You will not tell me that I must register my semi-automatic AR-15 because of the actions of some evil man.

I will not be disarmed to suit the fear that has been established by the media and your misinformation campaign against the American public.

We, the people, deserve better than you.

Respectfully Submitted,
Joshua Boston
Cpl,
United States Marine Corps
2004-2012

The Government’s continual interventions into the life of individuals is reaching a point where people are starting to push back or threaten non compliance. As Government grows, its tentacles  start to reach more and more areas of our lives. As more people are affected by Government regulations, each individual reaches a point where they decide that they have had enough. It is not the last straw that breaks the camels back, it is the accumulation of all the incremental straws, combined with the last straw that breaks the camels back, this is the law of marginal utility, read more here. Each individual has a different level of tolerance before he will push back against what is pushing against him. Read the rest of this post »

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Walter E. Williams, The Free Market Is Not Allowed To Work.

Posted January 7, 2013 by austrianaddict
Categories: Econ. 201, Government and Politics
Tags: , , , ,

From the video, “When H.L. Mencken was asked what is the definition of an election he said, and I quote,”Government is a broker in pillage, and every election is an advance auction on the sale of stolen goods”.”

If the intervention of Government into the market could be limited to the theft of our production through taxation, our economy wouldn’t be in as bad a condition as it is. Government couldn’t have grown as intrusive as it has, if it was limited to spending only what it steals in taxes, and because it would Read the rest of this post »

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A Look Behind The Curtain At The Fiscal Cliff Political Theater, The Joke’s On You!

Posted January 3, 2013 by austrianaddict
Categories: Government and Politics
Tags: , , , , , ,
Pickpocket Macro May 24, 20101

Pickpocket Macro May 24, 20101 (Photo credit: stevendepolo)

In a previous post, Fiscal Cliff? or Political Theater? I said, “The fiscal cliff political theater being preformed on the Washington D.C. stage is just that, a performance. It is not being performed for the benefit of the audience, it is being performed for the benefit of the actors. 

I should have said, “the political actors, the politically connected, and the media” because all of them benefit at our expense. We have to understand this joke, known as the fiscal cliff, is on us. While we were watching this political theater, the back stage workers were in the parking lot breaking into our cars stealing whatever they could, and were also picking the pockets of the audience during intermission. Read the rest of this post »

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F15 Video From Inside the Cockpit.

Posted December 31, 2012 by austrianaddict
Categories: Miscellaneous
Tags: , , ,

Lets take a break from are normal topics. I’ve always been interested in flight, especially fighter jets. Here is a video of F15’s practicing dog fighting.

Happy New Year!

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Canadian PM Poilievre Talks Economic Sense About The U.S. And The E.U.

Posted December 28, 2012 by austrianaddict
Categories: Econ. 101, Government and Politics, Hall of Fame
Tags: , , , ,

This is the kind of common sense that Americans used to be noted for. It sounds like Mr. Poilievre is battling the same socialist thinking that liberty minded people in the U.S., have been trying to hold the line against for decades. I wish more of our politicians had the kind of brass that this man has.

0-3:40 is about the U.S. problem.   4:39-6:00 is about Europe’s problems.   6:00-7:20 is a must.

Here are a few quotes from the speech.  Read the rest of this post »

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Walter E. Williams; Free Market Capitalism Produces A Higher Standard Of Living For Everyone.

Posted December 25, 2012 by austrianaddict
Categories: Econ. 101, Government and Politics
Tags: , , , ,

Even though it is not planned by any particular person or group of people, the outcome of the free market process can be seen all around us in the incredible standard of living we enjoy. When our country’s main health problem is obesity and not malnutrition, and it seems that everyone owns a cell phone, we are rather well off as a country.

The main problem we face now and moving forward is, will we allow free market capitalism to continue to increase our standard of living, or because we don’t like how wealth is “distributed” as a result of this process, will we Read the rest of this post »

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