You can use all the fancy words you want, but in the end government has no money. Everything government has it gets from you. That is the most fundamental lesson of political economy, without which no clear thinking takes place. And yet it seems to be the most covered-up truth of our times. So if you know this one point, you will be leagues ahead of almost everyone else in thinking about these issues: one way or another, you will pay. FULL ARTICLE
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It’s not covered up, just willfully ignored.
Statists cater to this willful ignorance with endless bribes and coercion for the non-compliant.
Government has three purposes: Justifying it’s legitimacy & existence, bribing those who endorse and support its expansion, and intimidating/violating the rights of those who do not.
Once you understand this, all else makes sense.
Apolitical Political Commentary!
Saturday, October 10, 2009
The Market Speaks The Truth: “Lookout!”
The market is the ‘speaker of the truth’ which explains why the ego-driven interventionists do not want anyone to consider market solutions. Hence all the denigration of the market and all of the misinformation about it.
Not only will the market forces re-align the economy towards justice but it will also expose the injustices of the ego-driven interventionists.
Is this the cycle of destruction in these ‘Dark Ages of economics’ that has pushed the pendulum to its furthest point of ascent? Have we reached the point where the equilibrium forces are greater than the combined forces of all of the corrupt economic imbeciles who are desperately trying to preserve their house of cards? Or are we in one of the lesser business cycles where some kind of tweek can perpetuate the phantom a little longer?
The signs seem to indicate that this is the big one!
That seems to be changing. In a recent auction, distressed assets have been sold to investors for about 60 cents on the dollar. See here.
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