“It is your duty to fight the government every day,” Marc Faber said as he spoke at an economic conference concerning the laws and regulations severely damaging the economy. Indeed, it is every citizens duty to fight the government every day if we are going to escape the tyranny it impose upon the American people.
Just like the totalitarians and authoritarians, which they are, Progressives are willing to sacrifice the well-being of the American people for the sake of their ideology. This willingness can be seen in recent remarks by Charles Hugh Smith.
Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly?
Yet, Progressives aggressively continue to push their central planning model. What do these Progressives offer up to solve our economic problems? The redistribution of wealth through a $15.00 an hour minimum wage rate that will destroy entry level jobs and the opportunities they afford. They promote the continued growth of a bloated government with its attendant debt, and a growing debt bubble threatens to take down the economy.
Progressives promote Federal intervention in the economy as an answer to promote increased economic activity. They support zero bound interest rates that rob savers of interest incomes for older citizens and insurance companies that require interest income for pensions. They promote Federal regulations which weigh down on private capital investment for needed productivity gains for a healthy economy.
As Charles Hugh Smith recently noted, you need real wealth to revitalize the economy. New wealth, in contrast to paper wealth, “consists of new gas/oil field that comes online, new cropland that produces a new source of food, new goods and services, etc.” This is the Austrian school of economics’ prescription for revitalizing the American economy destroyed by the Progressive central planners.
Mr. Smith condemned the Fed and government, saying:
In effect, every dollar of free money reduces the purchasing power of all existing units of currency unless the expansion of output (additional goods and services) matches or exceeds the added dollar.
To do that, we need to fight government.