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“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose”.
– John Maynard Keynes, economist and author of “The Economic Consequences Of The Peace”
It is without little wonder to your average conservative minded pro-free market individual just exactly why it is dangerous to pick winners and losers in the free market. Are we doing enough to message our concerns to others?
President Barack Obama is without a doubt working to destroy our way of life. I don’t consider him the ‘evil incarnate of the Anti-Christ in political garb’… he very well may be perfectly amiable to share a beer with over chit chat about golf, or basketball. However, it is my considered opinion that the measures he has taken as Commander in Chief has been to undermine the financial strengths of our nation, while distracting us with horrible foreign policy maneuvers, and an all out assault on the morally responsible culture of our Nation.
For all our directed outrage at President Obama regarding his “I’m just trying to spread the wealth” mantra, or gross infringements on the principles of the Constitution being violated by the GM Bailout, or Solyndra’s investments, and any other failed Stimulus project, we must be cognizant of the fact that it was Congress that gave him the money to waste.
Prosperity does not require the cost of disparity among socioeconomic definitions designed to drive wedges among “We the People”. Fighting disparity by suggesting that prosperity is rooted in evil rather than fighting the idleness of sloth is the preeminence of Envy (a deadly sin indeed). Suggesting that Greed is what drives prosperity is the preeminence of Pride (a deadly sin indeed).
Money is not emotion. When emotion determines what we do with our money, the result tends to be the loss of prosperity. We are all stewards within our sphere of influence, and to each is owned the right to grow or shrink their sphere of influence. When it comes to Money aggregates there is but one protection that no government can interfere with, and that is the ETERNAL VIGILANCE of a PEOPLE that will NEVER lay down their LIBERTIES, for some sense of economic security whether real or perceived.
“[B]elieving, as I do, that the mass of the citizens is the safest depository of their own rights, and especially, that the evils flowing from the duperies of the people, are less injurious than those from the egoism of their agents, I am a friend to that composition of government which has in it the most of this ingredient. And I sincerely believe, with [John Taylor], that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” — Thomas Jefferson wrote in a letter to John Taylor on May 28, 1816
Now I will dismiss any ridiculous thoughts that suggest Thomas Jefferson was totally against banking… instead in the context of this quote, he was discussing an established bank for the Federal Government. Again, the purse strings of Treasury, and all things attached belong to Congress, and not one dime is spent without Congress approving the expense through legislation, again it was Congress that commissioned the Federal Reserve. It was congress that designed fractional reserve banking. It is Congress that is able to provide a Budget to the Executive to establish regulatory commissions, which are KILLING competition at this time, and more recently are outright KILLING markets!
We should be ever vigilant in issues of social conduct where the rule of law applies. We should be equally vigilant in defending liberty and freedom for ourselves, and our allies, and in being a force for great good inasmuch as we are applying our actions as a Nation through the lens of the rule of law. And of course, The Constitution of this great land is perfectly clear on the matters of Economy, regarding protections for Private Property, protections in the Freedom of Enterprise and Choice, that motives of Self-interest shall be protected, that competition will be protected, that prices and markets will be allowed to adjust on their own merits without interference from government unless regulation is needed to protect competition. Finally, none of these provisions in the Constitution can happen, without Recognizing the importance of LIMITED GOVERNMENT. The VERY essence of Article I Section 8, The Enumerated Powers of the Federal Government Specifically Congress.
When seeking for a Presidential Candidate… We must remember that economic plans are designed not necessarily for immediate implementation, but to guide Congress on what legislation will allow the Executive to do what is ‘proper and necessary’ to fulfill its role. So why do Presidential Candidates propose these plans? Primarily to coalesce the will of the people behind their platform, in order to put pressure on Congress, as WE are STILL the PEOPLE. In some form it shows a degree of competence in understanding how to provide CONFIDENCE to the markets, through STABILITY, and INCENTIVE… you see Markets don’t respond very well to unknowns generally known as Risk… The higher the Risk, the lower your pool of investors becomes.
There is nothing more uncertain in the World Economy among money aggregates than the ability to make good on debts, providing an environment where investment is not halted by fear of meddling aristocrats and evil projections of total egalitarian or utopian civilizations at the expense of LIBERTY through Class Warfare and division. Throwing aside the doctrine of Sovereign Immunity, or non-statutory procedural rules that precludes the actions of any Congress from binding the actions of another Congress in meeting obligations, we should recognize that what establishes the full faith and credit of the United States in the world, is that we meet our obligations, and we grow and prosper like no other nation in the world, and provide more opportunities for growth and prosperity to investors like no other nation in the world.
Adjusting the Tax Code may assist, Eliminating the complexity of the Tax code would be quite effective in binding the powers of Congress that leads to crony capitalism, pork barrel projects, and regulation that drowns the competitiveness of our markets. However there are always unintended consequences to consider in removing a monolithic malignant growth from the integrity of our Federal Government’s officers in charge of the purse. Undoubtedly the FairTax or the watered down version of 999 will reduce the ability for Congress to not only manipulate how revenues are collected, in order to benefit lobbying firms and their clients, it does ABSOLUTELY NOTHING on how our Federal Government justifies double accounting ponzi schemes and borrow and spend tactics that benefit lobbyists and their clients with preferred loans or grants to waste and swindle the “FUTURITY” of our children and grandchildren.
For me SUPPORTING THE BALANCED BUDGET AMENDMENT is not a “lip service” bullet point. In the Next Debate… I want to see the contenders SPEND TIME convincing me they understand that “It’s not just the economy STUPID, but it’s also THE SPENDING”.
Please for the life of me, can we move past questioning the integrity of the candidates over ridiculous episodes of personal history? Can we stop giving SOUNDBITES to MASS MEDIA which will stir contention and provide distraction out of PERSONAL MOTIVE? Can we get past the back-biting rhetoric? Can we end the saber rattling, chest thumping anger? Can someone, please, anyone of you on stage STAND UP AND GIVE US OUR MEDICINE?
— What made Reagan so appealing was his ability to DIMINISH arguments of “redistribution” while promoting OPTIMISM, and PEACE THROUGH PROSPERITY, he was not afraid to Demand MORALITY in government both in our domestic house, and in foreign lands. ARE YOU GOING TO HIDE YOUR CANDLE UNDER A BUSHEL? OR ARE YOU GOING TO HELP US GET BACK TO BEING THE SHINING CITY ON THE HILL? All I ask of you candidates is to tell me HOW you intend to do this.
— BE EVER VIGILANT… You as Thomas Jefferson stated “…are the safest repository of your own rights.” As great as it is to be a part of a winning campaign for your candidate… it is EVER more important to understand WHAT you are fighting FOR, not WHO your are CAMPAIGNING AGAINST!