The Double Thank-You of Capitalism


John Stossel is correct, when he points out that politics and socialism are Zero Sum Games, where wealth is taken by force and nothing gained, while the free market is a Win-Win Game, where in any transaction both sides feel they have gained, not lost.

You thank the clerk, and he thanks you…because he wanted the money more than the product, and you wanted the product more than the money.

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Keynes is Dead, Long Live…Keynes?


Each time a government has tried to spend its way out of a depression, the result has been ongoing economic failure

John Maynard Keynes was an economist…or at least a political activist who used economic-sounding arguments to justify government intervention.

In the 1930s, he was THE economist, if you believed in that government intervention.

But, as we all know, his Theory proved to be a complete failure. It failed to produce results during the Great Depression, but staggered on until the 1970s, when it failed so spectacularly, causing staflation, that it was pronounced dead, even by Liberals in the US and open socialists around the world.

But, unfortunately, George Bush came along in 2001, and after having run as a free marketer, governed as a Keynesian. He infected the political scene with the premise that you could stimulate an economy out of a downturn, by having the government spend massively, even as it increased regulation (in part, by putting strings on the spending). When the economy fell into trouble because of his bad foreign and domestic policies, he responded with Stimulus and Bailout™ packages. That trademark, of course, means that he must pay the Keynes estate a royalty for each mention.

Obama, having run as the Anti-Bush, has committed the perplexing political suicide of simply building on every Bush precedent…most of which really are more Liberal Democrat in tenor, anyway…and one of the symptoms is that he continued the Stimulus and Bailout™ packages.

The problem, as we predicted and is now proving true, is that stimulus spending and bailouts don’t help the economy: They hurt it.

This pattern of behavior has caused what people denying the word Depression call a “double dip recession”, which we’re entering (again) right now.

The only way out, is to end the Keynesian meddling, and let the economy grow on its own. Japan and Sweden learned this the hard way, after each suffering a “lost decade” in the nineties. Now it’s our turn.

CEO Salaries: More Bailout Failure


I am opposed to socialism. It always does more harm than good. But I will not defend the executives of the companies that stole three hundred billion dollars from the US taxpayer. They opened the door to the nationalization of their companies, and the socialist Obama administration is simply following up on the precedent, just as they are following up on Bush’s socialist precedents.

Yes, the CEO compensation plan WILL cripple those companies, making them less likely to survive. But that’s what they get, for their robber baron status. The problem is the original socialist violation of the marketplace, not the cascade-effect it sets off.

We need to ban any more unconstitutional bailouts, not waste our breath objecting to its inevitable destruction of the companies who already bribed our government to get it.

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