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Welfare-State Socialism

Saturday, July 19, 2014

Socialistic Collectivism Leads To Poverty

Socialism requires government spending in excess of a society’s income from useful production.  Socialism’s Holy Grail - social justice - is in reality reduction of everyone to an equal and increasing level of poverty.

Thomas Piketty and Mises’s ‘The Anti-Capitalistic Mentality’

Monday, April 28, 2014

Enduring Ravages Of Inflation

Assessment of the chronological data suggests that one of Obama’s campaign themes this year - income inequality - is a product of liberal-progressivism’s embrace of fiat money inflation.

Piketty’s Gold? Editorial of The New York Sun | April 21, 2014

Saturday, April 19, 2014

Strangling Regulation

I have frequently alluded to strangling regulation as a major reason for the glacially slow recovery from the Great Recession of 2001-08, noting that it is a recapitulation of Franklin Roosevelt’s socialistic New Deal tactics.  During the dreary days of the 1930s Depression, everybody was continually being hammered with huge tax increases, and businesses were continually threatened with punitive regulations, along with governmental support for Spanish-style syndicalist, industrial labor unions and nationalization of agriculture.

Obama has bullheadedly rampaged along that same path, with the same result: businesses have feared to invest in new or expanded production, not knowing what future costs and restrictions may be.

Tuesday, April 15, 2014

The Fruit Of Obama’s Racemongering

A Glimpse into the Political Future
Jonathan Chait’s advance apologia for the Democrats’ defeat in November


Quote:

Democratic politicians have been the great beneficiaries of the racially charged patronage programs spun off by the Great Society—but the supposed “leg-up” offered to blacks has produced, despite trillions in expenditures, a relatively stable poverty rate over the past 50 years, with African-Americans disproportionately present among the poor. Chait never considers the possibility that some who oppose Obama are tired of paying for an ongoing failure. They’re also tired of liberals’ inability to come to grips with it.

Friday, April 04, 2014

Big Government Continues to Strangle the Economy

Latest seasonally adjusted estimates of employment suggest that private employment may, after five years, finally have inched up to levels prevailing in January 2008.  Meanwhile, the Labor Department’s estimate of real unemployment, the U6 measure including people who have given up trying to find a job, is 12.7%, nearly double the 6.7% based on people still in the active labor market.

Read Larry Kudlow’s sumation on why Obama’s policies have placed the biggest drag on economic recovery since the socialistic collectivism inflicted upon the nation by Franklin Roosevelt during the Great Depression of the 1930s.

Tuesday, April 01, 2014

Feckless And Destructive Government Intervention

However well-intentioned the Federal Reserve’s monetary policies, they have done almost nothing to create jobs for ordinary citizens, while greatly enriching Wall Street bankers and stock market speculators.

Sunday, March 23, 2014

Economics, The Dismal Science?

In the 18th century, when Thomas Malthus posited population growth outstripping growth of food supplies, economics became known as the dismal science.  Economic policy has become more sophisticated since then, but warmth, fuzziness, and immorality have no place in it.

THE IMMORALITY OF PROGRESSIVE ECONOMICS

Monday, March 17, 2014

The Road To Financial Decadence

While you may not share David Stockman’s blanket antipathy toward U.S. military engagement with the rest of the world (I don’t), his recitation of the monetary and economic history of the 1913 to 1929 era is on the mark.

How World War I Paved the Way for the Warfare State


The 1914-1929 Boom Was An Artifact of War And Central Banking


For a more detailed presentation of the economic and monetary history of that period, read Banjamin M. Anderson’s Economics and the Public Welfare.  Mr. Anderson was chief economist of the Chase National Bank during that period.

Friday, March 07, 2014

Narcissism And Gnosticism

Radical left-wing Democrat/Socialists not only are blinded to reality by their narcissism, but also are led into disastrous social and political policies by their gnosticism.

If The Evidence Doesn’t Support Your Preconception, Hide It

The UN’s Intergovernmental Panel on Climate Change (IPCC) has downplayed evidence that the global climate is considerably less sensitive to greenhouse gases than climate models are estimating.

Global Warming IS REAL, argues sceptic mathematician - it just isn’t THERMAGEDDON