The Pope is Not a Communist

pope-francisChristians around the world must pray that the Pope comes to understand certain issues on which he is completely clueless. When Pope Francis discusses economic issues, he suffers from the same handicap as the American public. He has no idea what he is talking about. The American people believe they live in a capitalist system and so does the Pope. Capitalism means more than working for a profit. If the Pope understood the issues on which he is speaking, surely he wouldn’t be shooting his mouth off so recklessly.

In a true Capitalist system, which the world has never known, Pope Francis would be tickled pink. What the pope is seeing would be impossible in a free market. In a true free market system exchange is voluntary. No other system makes that accommodation.

The Pope keeps seeing people suffering and assumes it is from flaws in capitalism. The Pope is actually seeing the effect of dismantling what was fairly close to being a capitalist system at one time. Much of what Americans buy today, they are compelled to buy by law. Government is expressly used by the rich to extract wealth and income out of the rest of the country. That is not capitalism. It is Fascism and there is a huge difference.

The Grazin’ is Good, by Curbside Jimmy.

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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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