If you realize both parties in Washington think that our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus that has some magic easy cure for the economy; someone who is going to get elected in Washington and fix everything just by cutting your taxes, investing (more government spending) a few trillion more we don't have and will never have, and who will just command some countries to lower their prices and others to raise their prices all to suit your best interests, then this list is not for you.
You can read past posts by clicking on : schifflist , I try to tag all relevant threads with the keyword : schifflist.
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The Austrian Economics School’s Commandments plus :From : link
1) You cannot spend your way out of a recession
2) You cannot regulate the economy into oblivion and expect it to function
3) You cannot tax people and businesses to the point of near slavery and expect them to keep producing
4) You cannot create an abundance of money out of thin air without making all that paper worthless
5) The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever
6) You cannot live beyond your means indefinitely
7) The economy must actually produce something others are willing to buy
8) Every government bureaucrat should keep the following motto in mind when attempting to influence the economy: “First, do no harm!”
9) Central bank-supported fractional reserve banking is an economically distorting, ethically questionable activity. In particular, no government should ever do anything to save any bank from the full consequences of a bank run, no matter what the short-term consequences.
10) Gold is God’s money.
Add mine:
1) Businesses don't hire workers just because of demand for products or services, they hire because it makes them money. Sorry to have to state the obvious.
2) Government spending without taxing is still redistribution
3) Taking one man's money and giving it to another is not a job.
4) Paul Krugman and Bernake have been wrong about everything, as well as the other best and brightest Keynesian's who have been fixing our economy for over a decade.
5) Republicans in the minority (esp out of the White House) act like Republicans, in the majority they act like Democrats .
Equity bubble rules:
1)If something goes up too fast, it is going down faster,
2) By the time it looks like everybody is getting rich, it’s too late, stay out!
3) To get rich you have to get in early start of recovery and get out at the first really 'bad' news, and ignore the experts that claim that they will stop the next crash(our buddy Bernake.).
4) Don't invest money you will probably need, or worse money you don't really have.
Obama is going down. They can not keep the truth about him covered up for another 18 months. I hope the Republicans who are backing him go down with him. They all know and are giving him cover except Trump. I really think Trump is doing Gods Will. I remember when he was in a big battle with the Libs in Palm Beach about his giant American Flag.
The country will long since have been in the throws of mass civil unrest or worse before we reach this point.
Were all just one missed welfare check away from all out anarchy in this country, or once the same crowds can no longer afford to even eat at McDonalds it’ll be game on at that point.
I see Obama is reading directly from the liberal playbook on this that says: It's not the prices you have to pay that matter it is only the 'profits'(bad) and 'taxes'(good) that matter because the government can use that money to make life fairer..
Besides from the drilling issue which it looks like Obama decided to neutralize by going along with, we got Obama destroying the dollar and destabilizing the middle East driving oil prices up. And dont get me started with ethanol. The Obama 'gas price gouging commission' wont find any of those causes.
On a similar note, check out these vids and email to friends
Obama and High gas prices: a classic set of past videos for reference
Where’s the outrage at obama at gas prices?
Seems to me that when Bush was in office that when gas made a little blip up, the MSM was screaming bloody murder.
Gas is now higher than ever and still going up and what do we hear?
crickets........
I thought it said Kenyan/Obama economics, instead of Keynesian for a minute.
Not Keynsianeconomics, but Keynsian economics..
I brake for $7.00/gal gasoline and I stay broke as a result!
ping please
$3.50 gas becomes $10.50 gas.
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I’d be willing to see that happen if it would get Barack Hussein Obama out of the White House.
Eventually the banks will start lending again, and the velocity of money will increase.With respect, No, they won't. The savings rate is so low because interest rates are low. This came about as a consequence of two things -- first, Greenspan basically blackmailed Congress into bringing the budget into balance; second, rates had been deregulated, ending the era of the 5% passbook rate.