Magic Power of Government


Ronald Reagan was the first truly big government Republican and the president who initiated the practice of government tampering with financial markets.


Where ever people live they all have one thing in common. Whether it is North Korea, the United States, Germany, United Kingdom, Mexico, Syria, Iran, totalitarian or democracy, citizens all believe their governments have magical powers. This belief is instinctive because there is no empirical evidence to support such a notion.

Years ago, Kevin Costner stared in a Robin Hood movie. When Robin hood and his men were being pursued by the kings men, the decision was made to exit into a hunted forest. One of Robin Hood’s men said “there are ghosts in that forest.” Ghost were real in the minds of Middle Age European. No one doubted their existence.

Finally humanity got over believing in ghosts. The strong believe in the power and goodness of governments persist today without one iota of evidence a government can do much of anything for the people who live in it. Citizens believe government policy makes the economy good or bad. They believe governments create jobs. The United States, people believe the president has power over the economy. We have all heard about the Clinton economy, Bush Economy and Obama Economy.

Government is expensive. The protection a government provides is at a staggering price. Read chapter 8 of the Book of I Samuel in the Old Testament. This scripture describes what government costs and the enormous burdens it places on citizens. It is also made clear that people are so insecure that they opt for big government anyway.

The cost of protection may be necessary but all of the other stuff is all cost and no benefit.

As the economy tanks don’t expect Americans to see the light and opt for a free market system. Instead, they will ask for more socialism. The free market system here has been dismantled and replaced with Fascism. Very few will make the distinction. Instead. There will be endless chatter about how capitalism has failed, What failed was not capitalism. It was the American people who failed. They did not have enough character to operate a representative government. Had American’s forced their leaders to function as delegates instead of worshiping them.

The few who of us who reject euphemisms and remain aware will fare better than everyone else. Unfortunately, as our fellow citizens go about enslaving themselves, they will enslave all of us.

Here are a couple of very timely tunes tunes written and recorded by Curbside Jimmy.

Hard Times Coming
When Times Got Really Weird


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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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