The Way Government Works

Government in the U.S. explained according to the Pollyanna middle school model, is a democracy. Government for the people, by the people is how our system of government was defined.
The belief system of every American rests on a pile of euphemisms so as to make existence palatable. On an intellectual level people profess all of the attributes that make them wonderful and in control. On a deeper instinctive level people ascribe supernatural powers to government.
Government is seen as having the means to create jobs and cause economic growth. It can’t, but people are haplessly prone to expect it to.
Government does what government has done for over 50,000 years. It uses ordinary people as tools for helping leaders accomplish their own personal goals. Since Americans feel euphemistically special within themselves and worship leaders instead of guide them, that task is easy.
This mentality goes a long way towards creating the crisis period the United States is now entering. Government initiatives such as deficit spending and QE’s, fail at their intended objective of causing growth while automatically allocating resources in the least efficient way. This guarantees an eventual depression.
Popular expectations may be that with crisis people will wake up and do things right. Don’t anticipate that happening. When threatened, animals move to the center of the herd for protection. Human beings define themselves as being autonomous and independent. They profess courage and repeat patriotic mantras but it is all noise. When the crisis intensifies, citizens will demand more government, and not less. They will be overwhelmed by their herd instinct and try to barter freedom for comfort. Of course Americans deny being herd animals, but they are. Expect herd behavior and you will never be wrong.


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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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