Why The United States Of America Is Doomed

Why The United States Of America Is Doomed PDF Version

Very simply, the mindset of the citizens is conducive to what is normal in a centralized system and actually destroys free markets and democratic principles. Both are necessary and are all that has created the high living standards Americans are used to.

In a true democratic system, the citizens lead and government follows. In order to manage government, citizens need as much information as is possible to obtain. In our system, most of which is relevant, is withheld from them. It is reasoned that ordinary people would misunderstand and misuse information that only those in power can use wisely. The overall population buys into this notion. Is it true?

The common man is hopelessly inept and ignorant? If this is true, perhaps we should do away with the jury system. Should grand juries have be the source of indictments with respect to all cases including complex situations. If ordinary people are so stupid, why is our legal system, based on the jury system, operating so well while other institutions are functioning so miserably? Should a panel of experts decide who stands trial and who doesn’t? Should all legal decisions be handed down from the bench?

It is universally acknowledged that power corrupts. Do you disagree?  Does absolute power corrupt absolutely? Are there any who believe otherwise? If all power corrupts and complete power guarantees total corruption, does it not make sense that those who are high up on the power scale are many more times corrupt than the people who elect them?

Citizens want government to solve their problems and assuage their fears. Those in charge are looking for fears and problems to exploit. In today’s world government is even protecting citizens from insulting one another. Assuaging fears is such a profitable activity, various entities now scare people in order to sell them goods and services as protection.

With this mindset cemented in tact, it is an absolute certainty our system will collapse. Democracy and free markets demand a mindset that is comparable with these systems. That mindset is messing so our system will indeed collapse.

 

 

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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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