Anthony Martin over at the Liberty Sphere posted about the economic collapse and the current administrations apparent utter bewilderment at the failure of the pogrom that they ramrodded down the throats of Americans to corral it.
To those of us with an actual background in Economics this came as no surprise whatsoever. To those of us with an actual background in History it is a classic case of history repeating itself, and of people failing to have learned from it’s lessons.
To be sure, the current economic collapse cannot be laid at the feet of today’s administration in totality. The roots in fact run much deeper. At least as far back as the Nixon Administration’s adventure into fiat money.
Fast forward a bit and we have the Congress mandating that banks issue home loans to people that, well? Shouldn’t have been given the loans. Then, we have the first auto bailout and guess what? Neither program worked, and in fact only served to make things worse. Third times a charm right? Not so. In point of fact every time the government interferes with our modified free market things go from bad to worse, and all the political spin in the world will not change that.
The current wailing and gnashing of teeth is a direct result of Trickle Down Economics. That should be apparent to all but the most dullard minds. These things are fluid and need to be recognized as such. While you may not believe in money flowing from investors to workers and such, it is pretty easy to see that when there is no money, no money flows. There is no free lunch in the real world. Indeed, someone, somewhere paid for the “freebies.” Credit may be a needed and valuable tool, however, as California seems to finally be learning the day comes when the piper must be paid.
So? Are there any true solutions to this fiasco that we find ourselves in? Logic would dictate that we reverse what we have been doing. Which is the failed doctrine of Socialism. From the beginning days of this blog I have advocated that Freedom and Liberty offer solutions. Some years later, I stand by those beliefs.
Tags: Economy, History, News, Political Economics, Politics, Socialism, The Liberty Sphere
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