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"As always . . . Thomas Jefferson . . . " |
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Message Replied To ========== No, command economies never do. But, govts are caught: trapped by their own assertions that they can manage what is inherently uncontrollable - how each individual processes and acts on limited info. Markets work as they, to the greater extent, allow for the individual to act and receive the results of such action. Command economies remove that direct cost-benefit result. IE, cost shifting. And, if ever a doubt, central bankers have become the yeomen for govt arrogance. ============================== "And I sincerely believe, with you, 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."
Price, price is the most important piece of information in a free market. Governments make it their job when they assume the power of money printer and credit decider . . . they make it their job to obscure price. Price is hard and cold. It must be blanketed with fluffy subsidizes and kickbacks. It must be coaxed and coddled. It harms, politically, more than any other thing. Price is the beast that must be controlled. Governments spend their every waking moment in the pursuit of controlling price. The first step in the long historical game of controlling price is to control money. At that point, you have eliminated the government's cost of doing anything, apparently. They can buy more guns and more butter than the productivity of the nation would allow. They can subsidize milk production, wheat production, oil production, solar energy production, etc. They can even buy into the stock market. It is simply a side issue that most of those who get rich off of the buying of stocks, oil, milk etc . . . it is only a by product that they are the ones who get to decide . . . right? It's a nice farce.
Price, the government will tell you, is the common man's greatest enemy. The reality is the common man will always pay the price. It is the well connected to government that can escape it for a time. |
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-- Starred by: VOLMAN Blue Sky Inspector Vol 10EC Mississippi Vol GatorDJ Liti-Gator -- BurrGator Posting higher than God ( 98.254.108.59) on 10/5/2012 - 12:14 p.m. says: ( 5 views ) "We're borrowing 10% of GDP each year to get 1-2% growth. That isn't" an improving economy. We're simply mortgaging the future. |



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