Posted on 04/26/2011 1:17:11 PM PDT by 2ndDivisionVet
The New York Sun has an article today called “Sarah Palin for the Fed?” in which they discuss how the former governor of Alaska and 2008 vice-presidential candidate has been running rings around all of Barack Obama’s high-priced, high-powered, ideologically impeccable financial men:
“The big question as Chairman Bernanke gets set for his first quarterly press conference is how Sarah Palin was able to figure out sooner than everyone else that the Federal Reserve’s campaign of quantitative easing wouldn’t work. Disappointment in the Fed’s policies is being reported this morning at the top of page one of the New York Times. It reports that ‘most Americans are not feeling the difference’ from the Fed’s ‘experimental effort to spur a recovery by purchasing vast quantities of federal debt.’ It reports that ‘a broad range of economists say that the disappointing results show the limits of the central bank’s ability to lift the nation from its economic malaise.’”
Not bad for an ignorant wingnut chillbilly breeding machine, so contemptible that even her youngest children are fair game for vicious slander!
As the Sun notes, Palin was quick to point out “the connection between a weak dollar and rising prices for oil and food.” How interesting that all those solons in the Administration, and all the fashionable newspapers that breezily dismiss Palin as a moron when they’re not accusing her of incitement to murder, missed such a simple and obvious point. Beware of elaborate economic theories that require you to check your common sense at the door. The basic laws of economics are quite simple, and they remain simple, no matter how many layers of ideology and regulation are piled on top of them.
The secret to Palin’s remarkable gift of prophecy about Obama economic policy is simple. She understands that prosperity can never return while the private sector is growing smaller. The growth of government reduces the size of the private sector by definition. Manipulating monetary policy to influence economic activity is one way in which economic liberty is replaced by central control. Inflation exists in the void created by the vanishing private sphere.
Of course these Big Government initiatives don’t create general prosperity. They can make some people richer, and some poorer… but as with any transfer of energy, something is lost in the transaction. A thousand dollars given to a “green” energy company does not mean a thousand taken from the private sector – it takes much more than that. Re-distribution has a very high overhead cost.
Voluntary transactions create wealth. Involuntary transactions destroy it. Learn this truth, and you’ll understand something beyond the comprehension of Barack Obama or any of his functionaries. You’ll also understand why so much of our bad economic news is “unexpected” to them. If we want prosperity, we must increase the size of the private sector… and that means the size of government must diminish, in both its funding and control.
That will involve a dramatic reversal of the current President’s agenda, which has been entirely focused upon making the public sphere larger. With that task accomplished to a nightmarish degree, his efforts are now directed toward telling the populace to stop complaining about the high prices and diminished quality of the world he created. What Barack Obama did to get us here was without precedent in the history of America. The actions necessary to save us will be without precedent in the history of the world.
How much is a dollar worth? What is the true value of gas, food, electricity, or an hour of your time? In the vanishing private sphere, we made those assessments ourselves, and we were richer for it… because a man who desires those things understands their value far better than a man who wishes to distribute them. It’s too bad no one in this hapless Administration listened to the woman from Alaska who was trying to explain that.
How to (try to) corrupt Sarah Palin.
The Federal Reserve is a den of thieves brought up by the New World Order to control each and every American (except the elite rulers).
They only appear to get complicated when some liberal economist is trying to re-write them to make liberal theory appear to work in the real world.
The only ones fooled are those who want to be fooled. Unfortunately, that is just about everyone in the Obama Administration, the Democrat Party and the MSM.
Spain and Germany both stopped subsidizing green industries.
Spain gave the excuse that it lost 3 jobs for every one created in green supsidies. That is, Spain could subsidize three other government jobs for the expense of subsidizing one green job and the expense of capital outlays for the green project.
yitbos
Lenin called them dupes, cannon fodder.
yitbos
Marx called them “useful idiots”.
Herman Cain was the deputy chairman and then the chairman of the Fed Reserve in Kansas City.
Simple but not always obvious. I can teach more common sense economics in 30 minutes in my work's breakroom than many of the young people I work with have learned in their entire academic career. Many of them are now amazed (like the N.Y Slimes) that I could predict the "unintended consequenses" of Barak's idiot policies.
The irony is, its not even difficult once you understand those simple basic laws of economics. The main point of ignorance, I've found, is that most people believe that the economy IS the government -- in other words, that wealth comes from government. Once this notion has been disposed of, the rest is simpler.
>>> Fallout from dwindling private sector makes for easy prophecy
Yes, it is ‘easy prophecy’ anybody with common sense can see it.
But the Obama admin and the whole lamestream media had to shop around for their ‘experts and economists’ that will tow their lines, Nobel prizes or not.
And Sarah Palin does have the courage to communicate the consequences of what the Fed’s doings in a very clear way.
"Voluntary transactions create wealth. Involuntary transactions destroy it."
This is a core universal law.. Valid in all times and at all places. Always.. Everywhere.
“Herman Cain was the deputy chairman and then the chairman of the Fed Reserve in Kansas City.”
Yeah. The Federal Reserve is in New York. Those are just branch banks.
And I don't want Palin anywhere near the Fed Reserve; she should run for president.
“Propaganda does not deceive people; it merely helps them to deceive themselves.”...Eric Hoffer
I’m a Sarah Palin supporter and I see this article as simply using her common sense in predicting the failure of Obama economic policies as a metaphor for the fact that the financial eggheads that infest the government and surround Obama are basically clueless and basing their policies on liberal ideology while Sarah Palin, representing the average (informed) American sees that the emperor (Bernanke) isn’t wearing any clothes, as it were. I agree.
Doctor Zero (John Hayward)is not only a brilliant writer but an unstoppable supporter of SARAH PALIN.
Oil is up mainly because of increased demand from net exporters with increasing numbers of new fuel consumers (fuel also used in manufacturing). The debt monetization game is played, because it will slow our inevitable economic decline. The dollar is also falling because of inflation in other countries (e.g., China).
Prepare yourselves.
Did you read/hear that in fiscal 2010 federal government income did not even meet entitlement outlays, let alone anything else?
$1.00 federal income, $1.07 distribution to SS, Medicare, Medicare, food stamps, school lunches, rent subsidies, etc. Redistribution was all federal income plus 7% borrowed.
The equivalent of all discretionary expenditures including military was borrowed.
yitbos
They didn't miss it. Didn't miss the point at all. They knew she was right. They went ahead and did it anyway .... and supported Regime policy .... for reasons they're not telling us.
What's mysterious about that?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.