Monday, May 18, 2015

Bill Bonner's Forest Fire Analogy

Bill Bonner's forest fire analogy hit home. Today I wrote a poem about forest fires. But no less than an hour from finishing it I go to my Bill Bonner folder and check out an old column from February 19, 2015. I did not plan to read this, but the content of the column contained similar content to my poem. If I wasn't a believer already, then I'd probably shout "There is a God!" 

I'll share the poem later.

Here Bill Bonner's analogy:

"Telling other people what to do – even though you don’t know what you’re talking about – is the cornerstone of US foreign policy. Worldwide, the economics profession – forgetting two centuries of thoughtful analysis on the subject – has taken it up too. 

Economists have become control freaks, desperate to stop any freely occurring event in the markets, especially if it is a correction. 

But what is a correction if not a forest fire – burning up the mistakes, getting rid of the undergrowth, and cleaning up the economy? 

And what is a bear market if not a fever – raising temperatures so as to kill the parasites that feed on the economy’s vital organs? 

Without little corrections and small fevers, won’t the next crisis be even bigger?

Tuesday, May 5, 2015

Treating Human Beings as Livestock

An excerpt from Thomas Sowell's column "Race, Politics and Lies":

You cannot take any people, of any color, and exempt them from the requirements of civilization — including work, behavioral standards, personal responsibility and all the other basic things that the clever intelligentsia disdain — without ruinous consequences to them and to society at large. Non-judgmental subsidies of counterproductive lifestyles are treating people as if they were livestock, to be fed and tended by others in a welfare state — and yet expecting them to develop as human beings have developed when facing the challenges of life themselves.

Friday, May 1, 2015

Put the economic crisis in perspective

Put the economic crisis in perspective:

The government has been using stimulus to thwart a recession since I was 13.

I'm 27 now. They've been pushing off a recession for over half of my lifetime.

By pushing off the recession with stimulus, they make the inevitable correction even worse.

What if we had one bad recession in 2001 and then that was it? What if we all had to toughen it out for one bad year when the economy was much stronger?

What happens now that the crisis is still forthcoming and people don't have the incomes and savings to brace for it?

Imagine if all of the people who went to college from 2001 to 2015 -- including myself -- had to make decisions to go to school based upon real price sensitivity, based upon what they could actually afford, versus enrolling in federal student loan programs? How financial freer would those people be?

The solution is to drastically cut spending, preferably Ron Paul 2012 presidential platform style by $1 trillion, end local, state, and federal bureaucracies, drastically lower taxes (no regressive flat tax, conservatives), and end the American Empire overseas and at home. Oh, and of course, End the Fed.

There's also other things that could be done but that's for another blog post. But for starters, we could legalize capitalism.

WCF Chapter One "Of Holy Scripture" Sunday School (Sept.-Oct. 2021)

Our text for Sunday School (also "The Confession of Faith and Catechisms") Biblical Theology Bites What is "Biblical Theology...