The Danger

Download PDF Version

Generally I  explain economic and political issues in just a few sentences. The dangerous situation the world is in today can be explained in one sentence. Here it is.

The rejection of free markets and democratic principles is the danger and the source of most other dangers in the world today.

Markets have never been completely free. On a percentage scale the United States had an economy that was as high as around 80% free market in nature.  There was a time when there was no such thing as a free market. At that time there was no prosperity within the masses. The higher living standards the masses experience around the world are the result free markets evolving as an alternative to economics by force.

Today in the United States goods and services are rationed more by government decisions than by a price system. This puts the poor in the country at a huge disadvantage because who gets what is decided by political power. The poor have no political power and political power controls incomes and the distribution of goods and services.

Americans as a whole reject the free market concept. It feels more natural to trust government.

Even more serious, Americans are rejecting democratic principles. For two decades, congress has been passing laws over the objections of their constituents. That means citizens have no control over government. Lack of representation is an old problem. Perhaps there is a remedy for that. As of late, mostly 2016, Americans have stopped accepting the outcome of elections.

What good does it do to have suffrage if issues voted on are solved with a fight after the election?  The reasoning is, “I will vote and if I get what I want I will be satisfied. If I don’t get what I want, I’ll use belligerence to overturn the results of the election.” A country can’t survive making decisions that way.

Peace and prosperity come from free markets and democratic principles. Americans reject free markets and won’t adhere to democratic principles. With that I ask you. How much peace and prosperity are we to expect over the coming years?

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.

Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts

 

 

 

 

(Visited 142 times, 1 visits today)
0 0 votes
Article Rating

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.
This entry was posted in Daily Comments and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments