“The civilized world must change thinking,” tweeted President Trump in response to an Islamic terrorist attack in Berlin. Such advice can characterize the essence of his presidency. He is set upon the course of changing the thinking of Americans across the policy spectrum. This will be more apparent in economics that anything else as he manages the swing to Capitalism.
[W]e go through these swings from Capitalism to Collectivism (said Mike Maloney, an economic commentator in an interview with David Morgan). It is a cycle, and it is so hard to battle against and show where all prosperity comes from. All prosperity comes from with people wanting to deal with one another, the free market. You take somebody to dinner. … The restaurant owner then goes and pays for the dry-cleaning the next day, and so on and so forth. … Prosperity compounds from all of us making transactions with one another. And when the government tries to manage and dictate all of those transactions, it just crushes prosperity.
He feels that the way the Establishment is running the world monetary system is just going to lead to a disaster.
The more they paper over things (Maloney said) the worse its going to be. It’s just storing energy every time they do a manipulation, every time they don’t allow the free market to work. The Crisis of 2008 is basically a movie trailer, and now were getting ready for the main feature (he said of the upcoming economic crisis). We’re in for something truly big. The wealth transfer will be the greatest in history.
This is so because an economic crisis is baked into the cake. There are too many distortions in the economy and geopolitical problems waiting to explode to avoid a crisis.
Therefore we, as citizens, have to prepare ourselves to change our thinking about the role of government involvement in the economy if we are going to become a prosperous society. It’s either change our thinking or return to the hollow promises of the Progressive Collectivists.