So how are EBT Cards and QE debt monetization alike? They resemble one another in three ways. They are jet-fuel for the continued encroachment of the state. They require a voluntary acquiesence of liberty in return for security and they both are a form of shackle that binds those who benefit from either to greater government dependence. What type of individual would prefer either QE or EBT Card money to individual liberty? Friedrich Nietsche gives us a description of just that type of individual.
The last man is tired of life, takes no risks, and seeks only comfort and security....The last man is the goal that European civilization has apparently set for itself. The lives of the last men are comfortable.... Social conflict is minimized. Nietzsche said that the society of the last man would be too barren to support the growth of great individuals. The last man is possible only by mankind's having bred an apathetic creature who has no great passion or commitment, who is unable to dream, who merely earns his living and keeps warm. The last men claim to have discovered happiness, but blink every time they say so.
Why would our government propegate and popularize policies that make Americans resemble Pavlovian Canines? Canines are man's best friend. They were the first animal to be sucessfully domesticated. But you can't treat people like sheep in a pen in a Democracy. We're all Americans. We have a Bill of Rights. We have freeeee-dumb. Stephan Molyneux explains below.
So what happens when we get taken off of our drugs such as QE and EBT Cards? We see the impacts of the EBT system going down most directly. The government computer system that tracked EBT Card limits began to work about as well as 404-Care, and chaos then ensued in Louisianna Walmarts.
Shelves in Walmart stores in Springhill and Mansfield, LA were reportedly cleared Saturday night, when the stores allowed purchases on EBT cards even though they were not showing limits. The chaos that followed ultimately required intervention from local police, and left behind numerous carts filled to overflowing, apparently abandoned when the glitch-spurred shopping frenzy ended.
We like to think that the people who handle vast sums of money in the US banking system have considerably better judgement than the typical EBT Card user at a Walmart who discovers a government software glitch. Then again, we can always take a look at how all these steel-nerved, intellectually brilliant investors reacted to a possiblity that Fed Chairman Ben Bernanke would take their QE punchbowl away about four months ago.
Here’s what Mr. Bernanke got as a reward for speaking the truth to a gaggle of easy money addicts yesterday. STOCKS GETTING SLAMMED — INTEREST RATES SPIKING — COMMODITIES CRUSHED — GOLD AND SILVER TANKING, The LIBOR Of China Is Going Totally Ballistic, Market Bloodbath In Brazil, and you’d better have a GOOD Plan ready, because Night Wolf is Eating The Moon Virgin! Now I can’t quite verify that last one, but it’s not a good day to check in and take a peek at the Ye Olde Mutual Funds.
Bernanke backed down. His successor will not do things any differently than he did. The Walmarts where the EBT Card recipients tried a poor-man's QE-Infinity won't charge a woman who ran up $700 on an EBT Card that had $0.49 left. There are no apparant, short-term consequences for joining the worthless American Slobocracy - either on Wall Street or on Fun Street. This is what an easy-money, easy-welfare post-modern democracy causes human beings to devolve into.