Changing Faces of Welfare

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The welfare we provide the rich through the Federal Reserve system in just one year is many time greater than all of welfare we have provided the poor in all of our history. To that we have to add the benefits the very rich receive by using congress to guarantee their incomes and rig the markets they operate in.

The notion that the poor are the primary engine for never ending dependence on government has whiskers on it to say the least. Once an idea gains acceptance and catches on it develops a life of its own. When the time comes that it is no longer true, it is treated as fact regardless. Hardly a soul even wonders otherwise.

The poor do get some benefits, but the days when “helping the poor” seriously drove up the cost of government are long behind us. The true angst behind the current change in government is the fear by the rich of being cut off from their government benefits.  That fear is probably not well founded.  Trump’s tax and spending plans are tailored towards rewarding the politically powerful, just like those of the last two presidents.

Welfare for the rich is far more hazardous than welfare for the poor. The rich have the political power to see to it that their benefits continue growing.  Can you visualize a thousand sided figure? No you can’t. It is just as hard to fathom the amount of money the rich have extracted out of the general population over the last forty six years by using the government as a tool. The process is ongoing.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

 

 

 

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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.
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