Reagan on Government

Common Sense Video — Reagan on Government (via http://www.economicnoise.com)

They said he was dumb. That was their only defense against his logic. Now he is being proved correct as shown in this video. Isn’t this video a nice prelude to the DNC? Aren’t you proud of the Democrats?

The Federal Reserve Is Destroying What Is Left Of The Country

The Federal Reserve Is Destroying What Is Left Of The Country (via http://www.economicnoise.com)

Economics is little more than common sense, unless you are a politician or an economist employed by government. Those economists who do go into the employ of government seem to be educated beyond their level of competence. Or, perhaps they are prostitutes willing to do or say anything for the pay,…

Common Sense Video — John Stossel on Freeloading

Common Sense Video — John Stossel on Freeloading (via http://www.economicnoise.com)

Another example of the entitlement society that appears to have taken over every aspect of American life:

Why Obamanomics Did Not Improve The Economy

Why Obamanomics Did Not Improve The Economy (via http://www.economicnoise.com)

Almost three years ago, I argued that Obamanomics, President Obama’s version of economics, would fail and explained why. In reviewing Why Obamanomics Will Not Improve The Economy, I found it as relevant in hindsight as it was when it was first written. For the many new readers to this site, I hope…

The Non-Politically Correct Economic Report Card on The Recovery

The Non-Politically Correct Economic Report Card on The Recovery (via http://www.economicnoise.com)

All politicians treat the truth the way Dracula reacted to a Cross. They are threatened by it. They run away from it. The prelude to an election is especially difficult for anyone seeking the truth. Politicians from both sides assault, distort and manipulate it beyond recognition. Media rarely calls…

Why This Depression Will Be Known As The Greatest Depression

Why This Depression Will Be Known As The Greatest Depression (via http://www.economicnoise.com)

Probably the last thing regular readers of this website need is additional evidence supporting the coming governmental and economic collapse. I apologize for yet another article on this topic, but newer readers need to understand what is coming and do what they can to protect themselves. Government…

Economists — What Good Are They?

Economists — What Good Are They? (via http://www.economicnoise.com)

Economists, as a group, are mostly useless. That was not always the case, although it has been so for much of the last fifty years. Captured by “physics envy,” economists sit in the halls of academe trying to impress one another with increasingly useless and arcane studies. This intellectual masturbation…

Welfare States R.I.P.

Welfare States R.I.P. (via http://www.economicnoise.com)

This post appeared over two years ago, but remains relevant today. Bloggers post what they claim to be the “scariest economic chart” or the ”chart of the century.” Indeed, many data sets are frightening, but none more so than the one to the left. Modern government has failed. These countries…

Neither Keynes Nor Marx Understands This Economic Problem

Neither Keynes Nor Marx Understands This Economic Problem (via http://www.economicnoise.com)

  One doesn’t usually expect to get relevant information from a website entitled “World Socialist Web Site.”  But sometimes truth penetrates agendas. Such appears to be the case in the following article by Nick Beams. The author, not beholden to the mainstream State-supporting media, provides…

Western Democracies Are In Collapse

Western Democracies Are In Collapse (via http://www.economicnoise.com)

Most people cannot conceive of an economic collapse. Normalcy bias is common and distorts expectations, especially in areas outside of personal expertise. If it didn’t happen yesterday or last month or in their lifetime, then many people consider the outcome “impossible.” Those who can conceive…

Our Highway To Hell

Our Highway To Hell (via http://www.economicnoise.com)

The Role of The Government in The Economic Crisis At this point, everything the government is doing – and not just the US government but governments everywhere − is not only the wrong thing but exactly the opposite of the right thing. They’re passing more laws, raising taxes, creating more currency…

Bernanke Continues to Pretend He Has Control

Bernanke Continues to Pretend He Has Control (via http://www.economicnoise.com)

QE (quantitative easing), whether it be QE1 or QE10, is a euphemism. It represents the expansion of the money supply (printing money). An expansion of the money supply is inflation. Rising prices are not inflation, they are an effect of inflation. The disease is printing money (or QE if you want to…

All Economic Interventions Make Us Poorer

All Economic Interventions Make Us Poorer (via http://www.economicnoise.com)

Every government intervention is an attempt to thwart the freedom of the marketplace. Markets are nothing more than willing buyers and sellers agreeing to what the consider fair. These voluntary transactions benefit both buyer and seller or they would not take place. When government intervenes to impose…

Ponzi Scheme Government

Ponzi Scheme Government (via http://www.economicnoise.com)

It is interesting to go back and look at thoughts and interpretations of events from the past. Sometimes it is embarrassing. This post from almost three years ago, seems rather accurate in light of subsequent developments. The Ponzi Scheme that government had become only continued, as expected. At…

When will America Collapse? .....answers from Jim Rogers, Marc Faber

http://www.economicnoise.com/2012/09/19/common-sense-video-the-coming-collapse/

http://www.economicnoise.com/2012/09/20/common-sense-video-why-an-economic-collapse-cannot-be-avoided/

Greed - Thomas Sowell

http://www.economicnoise.com/2012/09/19/logic-is-harmful/

Redistribution - Monty Perlin

Redistribution (via http://www.economicnoise.com)

Author: Tom Lester People seem to go ape with an announcement of anything free.  They will often stand in line for hours to get some bobble-head or trinket.  This malady seems to affect most of us and, I admit, free airline miles are my weakness, the means of visiting children and grandchildren too…

Bernanke’s QE Makes Matters Worse

Bernanke’s QE Makes Matters Worse (via http://www.economicnoise.com)

The euphoria initially expressed by markets to unending Quantitative Easing (money printing) may be playing out. The last couple of days were mediocre in terms of stock market performance. For investors, it is a difficult time. Do you play for the inflation-induced bounce in stocks? That is the likely…

For the country, nothing good can come of Bernanke’s latest attempt to kick the can down the road. The problem is caused by overlarge government that is unable to fund itself. This problem is beyond the Fed’s responsibility and one that the Fed cannot solve. All Bernanke has done is enable the political miscreants to continue behaving badly. He has provided them with another hit of heroin when “cold turkey” is the only treatment to which they and the economy will respond.

Tyler Durden discusses the issue and provides some video:

On Santelli’s Queasiness About Bernanke’s Quantitative-Easiness

Submitted by Tyler Durden on 09/21/2012 12:58 -0400

Between CNBC’s Rick Santelli and PIMCO’s Mohammed El-Erian, this brief clip succinctly sums up the ‘less than ideal’ reality of Bernanke’s all-in bet and how the world is trying to ‘trade’ it. Santelli analogizes: “Visualize the biggest fire hose in the world, 20 miles away from a little Geranium plant? Now this hose is going and going and going, and ultimately, that Geranium plant gets a little bit of water but everything around it and leading up to it for miles around is just underwater. That’s QE, in my opinion.” To which El-Erian retorts: “at what point do you tell investors stop focusing on the benefits and make the collateral damage the investment theme?” It seems, given gold’s outperformance, that this is exactly what is occurring as the hose-pipe’s flood spills out everywhere.

 The discussion ensues, with Santelli noting that the Fed-heads (especially Charles Evans) have admitted QE is not ‘ideal’ but ‘We’ve got to do something!!”

From currency manipulators, to China’s problems, to our iGadget obsession, and the destruction of future generation’s wealth – epic rant!

http://www.economicnoise.com (http://s.tt/1oaG9)

Freedom and Economic Performance - Monty Pelerin

Freedom and Economic Performance (via http://www.economicnoise.com)

The rise and fall of countries has everything to do with the industriousness of its people. Wealth is created only by the productive sector, not by government. Governments grow large and powerful only by exploiting the wealth creation of the productive sector. Large and powerful governments are generally…

http://www.economicnoise.com (http://s.tt/1p7QQ)

Why The Economy Is Not Recovering - Monty Pelerin's World

Why The Economy Is Not Recovering (via http://www.economicnoise.com)

That this economy is not recovering in a normal fashion is not in dispute. Why it is not, is. Some believe that government hasn’t done enough in the way of stimulus. These “Krugmanites” have an obsession with the belief that the economy must be managed and that some central planning agency must…

But what if government were the problem instead of the answer? There are an increasing number of observers who believe that may be the case. History favors this latter position. The belief is not new, held by the Austrian School of Economics for about a century and their predecessors, the Spanish Scholastics, of the 15th Century.
http://www.economicnoise.com (http://s.tt/1oaED)

History is not and never was on the side of central planning and intervention. Yet that is what we have because politicians override economists. In order to work for government as an economist, you must parrot the big government line. Unfortunately the same cancer kills employees in other fields like the environment, global warming, etc.

We have reached a point where even the dullest of the political class understands it cannot improve matters. Torn between the desire for increased power and a dying economy, politicians are helpless. Even those who see the need to abandon the Keynesian paradigm are unable to do so and remain in office.

Voters have been brainwashed into believing that government was responsible for their economic success. Politicians always take credit for good things. Now they are cornered. Having convinced people that government is responsible for the economy, it must be government’s fault that the economy has faltered. In a very real sense, that is true — just not in the sense that politicians have convinced voters. As a result, no politician can advocate the proper economic policy — leave the economy alone . Given the brainwashing of voters over the years, anyone who advocated such a position would be voted out of office.

Quite simply, government is not the answer. Government is the problem. Thomas Sowell provides his answer:

The Obama party line is that all the bad things are due to what he inherited from Bush, and the few signs of recovery are due to Obama’s policies beginning to pay off. But, if the economy has been rebounding on its own for more than 150 years, the question is why it has been so slow to recover under the Obama administration.

The endless proliferation of anti-business interventions by government, and the sight of more of the same coming over the horizon from Barack Obama’s appointees in the federal bureaucracies, creates the one thing that has long stifled economic activity in countries around the world — uncertainty about what the rules of the game are, and the unpredictability of how specifically those rules will continue to change in a hostile political environment.

Economies are self-correcting when left alone. Government attempts to remedy an economy always make matters worse, by delaying the correction and by embedding price and allocation distortions into an economy. These distortions are responsible for the next downturn.

http://www.economicnoise.com (http://s.tt/1oaED)
http://www.economicnoise.com (http://s.tt/1oaED)

http://www.economicnoise.com (http://s.tt/1oaED)