Some Things to Remember

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Given the assumptions mainstream economics makes about human nature, economic outcomes such as are experienced today could not occur. Rid your mind of these fantasies and all that transpires in the economic and political arenas make perfect sense.
Mainstream economics assigns such attributes as industrious, independent minded, autonomous and morally upright to each human inhabiting our planet. In real life, work is a second choice. Were the motive to live off of others not so great, economies around the world would not be so over financed.
Because the U.S. is defined as a republic, academics act on the basis that it is. They also treat the economy as if it were free market based.
There is no way to come close to understanding behavior when the very basis of all observations are false from the beginning.
Because all people bargain away freedom as comfort seekers, self government is not practiced. The value of voting is rendered impotent by the more powerful right to manage public opinion. Individual voters have never shown an interest in controlling the activities of those they elect. Instead they search for messiahs who will champion good causes. Of course politicians run for office out of self interest and end up working for those who help them achieve their personal ambitions.
In a free market government cannot be used to rig markets. Today, governments around the world are used for nothing else.
How can so many people be fooled. It is actually simple. It is all about living fantasy based lives. There is one fantasy that seems to be the basis of all others. That is the fantasy of being special. Every one of the more than 7 billion people in the world feels special. Not one knows what life is or why he is alive, but feels special of course.
I estimate that about three percent of any population has sociopathic personalities. Sociopaths become world leaders and rise to the top of other large institutions as well. They are adept at nurturing ordinary people’s sense of being special. Once assured of being special folks are more than happy to give money, life and limb to any number of “noble” causes. After all, who would lie to someone who is special? Notice that when a politician visits a city, the speech always starts out by acknowledging how special all of the local people are. Tell someone what they want to here and it gets accepted as the truth.
Given the human instinct to worship leaders, this is a bad combination.
I encourage everyone as an experiment to give up the fantasy of being special just for a day. It is really hard to be a sucker and rightfully humble at the same time.
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.

Fantasy Free Economics recommends the following blogs.

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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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