The Elite’s Economic Quacks make their living by espousing the party line. For example, Paul Krugman lamely responded to the meltdowns by arguing…there’s “too much austerity” even as debt loads keeps rising every year. We gotta keep refilling the punch bowl with Quantitative Easing (QE) and Zero Interest Rate Policy (ZIRP). It appears that getting drunk on economic illusions might be quite stimulating.
It’s amazing that an “economist” such as Paul Krugman possesses credibility. You’ve got to admit he’s a success story…he’s famous. That gets me to thinking. Maybe, I should devote some of the article to imparting Advanced Economic Illusions. Heck, I might become a celebrity. Famous advocates of Keynesian economics and socialism will start hanging with me. Joining a winner could be quite rewarding.
The Attack on Cash
Before I get to that, I have to add another name to the list of Economic Quacks. The Ron Paul Liberty Report states “The attack on cash has entered a new stage. Kenneth Rogoff, the Thomas D. Cabot Professor of Public Policy at Harvard University and the former chief economist of the International Monetary Fund, is out with an essay in the Wall Street Journal titled, “The Sinister Side of Cash.”
The fact he’s a former chief economist of the International Monetary Fund (IMF) says it all. That’s the sinister organization that will control the “New World Money”…Special Drawing Rights (SDR). That’s an evil plan…take away our cash and replace it with something we’re not allowed to have. Yes, the Elite denies us direct access to the new money.
You’re intelligent enough to know this amounts to a malicious power grab by the Elite. The elimination of everything but very low denomination bills provides the state with unheard of methods of tracking and control. And we know who controls the state.
I was going to say…we must fight this vicious plan with everything we have. We must defeat the anti-cash criminals.
However, I have another ingenious plan for overcoming the Elite’s Economic Quacks.
Advanced Economic Illusions
Yes, I’m going to become famous by leapfrogging Krugman and Rogoff with my Advanced Economic Illusions. An Everyday Warrior becomes quite creative.
Let your thoughts focus on the following. After all some people claim your entire life is an illusion. In fact there are Quantum Physicists who believe the theory the world doesn’t exist until we look at it. Well, take a look at my new-fangled economic theories and make them a reality.
- You can forever spend more money than you make.
- Saving money is BS. It’s better to spend than save. Your patriotic duty is to support negative interest rates.
- Debt is fun. Eventually you can repudiate it.
- You improve the economy when you buy and buy more goods and services, whether you need them or not.
- The road to prosperity requires that you spend more money and consume more consumer goods than the Jones.
- Live for today only. After all “In the long run we are all dead.” Anyway death is an illusion.
- We must save capitalism from itself by destroying it.
- Gold is a barbarous relic. Paper possesses more substance and durability.
- Economic Law changes with the times. That’s why anything goes. That’s the only way we can discover what works.
- In its infinite wisdom, the Federal Reserve System determines what the interest rate is. It’s an illusion to believe time, risk and inflation components determine the rate of interest.
- Yes, let’s abolish cash…and make everything free. There is such a thing as a free lunch.
- The individual doesn’t know what’s in his best interest. Soldiers of the Elite know best. Didn’t that used to be “Father Knows Best.” Damn, we sure have advanced!
- We need more socialism. We can party, party, party by letting someone else do our work. Hey, get me a refill from that punch bowl. (I wonder if I will ever get invited to one of those “establishment parties.”)
I’m mutating into a bona fide establishment economist. By my 6th shot of good Kentucky bourbon I will be singing ‘Hail! Hail! John Maynard Keynes. I might start believing Paul Krugman is a good ole boy…and Kenneth Rogoff is a regular guy who really cares about us. Maybe they can tell me how to get in on the transfer the wealth schemes that are so prominent these days. Keynesian Communism (Is that a new term?) might become my savior. I can dream about economic illusions day and night.
The Punch Bowl
Damn this hangover is mean. I think the punch bowl was spiked with hallucinogenic drugs…because I had weird visions of being Janet Yellen’s top economic adviser. I wonder if that’s why she kept winking at me and slapping me on the back. I’m thinking she was the main guest. Wait a minute, I believe she threw the party.
In addition, I have memories of slow dancing with Christine Lagarde of the IMF. The aroma of her sweet perfume and exquisite womanhood…sends me into an erotic state of being. We glide gracefully to Enya’s “Once You Had Gold.”
“Once you had gold,
Once you had silver,
Then came the rains
Out of the blue.
Ever and always.
Always and ever.
Time gave both darkness and
dreams to you. “
I remember her kissing my forehead and squeezing my hand. She said if I am a gentleman..and play along with their monetary games…she might slip me some SDRs. Damn, that would be nice. You know…Christine is quite sexy and attractive.
Eventually, I saw a banner prominently displayed that said “STIMULATION FEELS GREAT!” The changing colors from the psychedelic lighting around it disoriented me. I felt quite confused. I remember Janet (yes she said to call her Janet) kept handing my empty glass to Paul Krugman. He sure made lots of trips to the punch bowl. Every time he showed up with a refill he would say “Meyer, you’re finally catching on. Our punch bowl never runs out of “good cheer.” Let’s drink to a never ending prosperity.”
Finally, I had to sit down. I noticed someone sitting next to me on the left, giving me a sly smile. It was Kenneth Rogoff. He ordered another round of drinks. When the drinks came, I got out my wallet, pulled out some cash…and tried to pay for them. Kenneth laughed loudly, and said “Meyer put away the cash. You won’t be needing that again. Anyway those bills are filthy with germs.” He then said “Let’s drink to freedom…or did he say “Let’s drink to free.” I’m not sure.
Damn, it’s time to return to reality. If Timothy Leary ever took the kind of trip I just took he would have given up LSD…permanently.
I’m starting to think clearly. I know Keynesian quackery and economic illusions when I see them. Obviously, the sinister plans of the Elite demand you suspend all reasoning abilities.
Exposing Keynesian Quackery and the Elite’s Economic Illusions
Common sense should tell you that a healthy, growing economy requires more savings and investment per capita. Do you honestly believe an interest rate near 0% encourages people to save money? Unfortunately, a ridiculously low interest rate makes it more attractive for consumers to accelerate consumption at the expense of savings. In addition, we have the spectacle of a Federal Reserve created stock market boom. Of course, Keynesian quackery urges consumers to spend all their money plus money they haven’t earned. And you wonder why the National Debt, including unfunded liabilities, soars every second of the day and now “sits” at over $100 trillion dollars.
It’s time Krugman, Rogoff and the rest of Elite face the truth. The application of the monetary theories of John Maynard Keynes proved to be a complete disaster for our economy…and the economy of any nation that practices this quackery.
Do you ever wonder why members of the political and financial establishment cling to their erroneous beliefs? Could it be…they are saving their precious rear ends by clinging to a leaky lifeboat in shark-infested waters? Anyway, we know the only sharks (Soldiers of the Elite) swimming around…are the ones that cling to our leaky lifeboats sinking their voracious, frightening jaws into our means of economic survival.
You know, I need to meditate on Keynes’ term “In the long run we are all dead.” On second thought, I think pouring me a shot of that good Kentucky bourbon might be more productive. Didn’t someone say something about “the hair of the dog that bit you.” I wish I knew what was in the “punch bowl.”
RA Meyer – The Objectivist Warrior Master the Social Maze