It is Really Just Stealing

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In the summer of 2018 Robert J. Jackson, Jr a Trump Appointee discovered that there is not a lot of innocence in the area of corporate buybacks. He noted that insiders sell stock just as the corporate buybacks are ongoing. Wow, what a surprise! It doesn’t take a genius to figure these things out. It does take a genius to know the best time to figure these things out.

In the United States, theft is perfectly legal as long as the process of the theft takes more than one step. If it takes a little abstract thinking and is two or three steps more than just pointing a gun at somebody and demanding money, no one is ever going to know a crime is being committed. That is unless some genius decides the time is right to discover some wrongdoing.

Of course corporate buybacks are nothing more than stealing.  Corporate buybacks provide corporate insiders with the fastest possible way to make the most money in the shortest period of time. Forget making money with business operations. Just use free money, provided at the expense of ordinary citizens. Have the corporation buy back its own stock, run the price up, exercise stock options, sell any other stock you own at an elevated price and get ready to do it again.

I have been writing about this issue since 2006. It really doesn’t take a genius to see what corporate buybacks are really about and why they take place. American citizens do not write checks to cover their losses from these types of things. The geniuses at the Securities and Exchange commission know these things. So do the geniuses on the Federal Reserve Open Market Committee.  The public isn’t paying attention. It is highly significant that a newly appointed Securities And Exchange Commission member has decided to be honest. They all know the truth.

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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