Liberalism is what ‘smart’ looks like to stupid people. – from a talk radio call in
George Rebane
Apropos to the above bagatelle, we have a letter to the 22aug15 Union from a Ms Kuczora. The good lady intends to enlighten the “many ignorant Americans” about socialism, which in her dim lights reveals itself as “an economic system – not a political system” that is “intended to reduce economic injustice and poverty. Political and economic systems can be mixed and matched.” In the realworld that Ms Kuczora should some day visit, political systems define the ownership of the means to produce wealth and the methods of its subsequent re/distribution. All political systems and their supportive economic systems are joined at the hip – e.g. communist governance does not support an economy based on the Bastiat Triangle (q.v.).
In the same issue of the Union, president of the Nevada County Democratic Central Committee, Mr Jim Firth gets it almost right when discussing the populist popularity of Bernie Sanders and Donald Trump. He understands that “given the number and complexity of ‘Communities of Interest’ in the United States, it makes sense to have many more political parties.” But his answer of forming a “third or fourth major political party” misses the mark. The correct answer is the concurrent formation of at least two more major political parties. As all RR readers understand, forming only a third party guarantees that the established major party, ideologically more distal from the new third party, will win.
The federal government is incompetent in almost every area of human enterprise, especially in its understanding of the economy and economics. In the latter area its top mavens are concentrated in the Executive Branch and the Federal Reserve. To these worthies the many decades of Keynsian failures are invisible, and they continue to “rely on Keynsian models” to mismanage our common weal. One need not look further than the recent twenty years of the Fed’s zigging while the economy zagged. The nearby table of results gives some measure of their understanding of what’s going on (more here).
The student debt debacle under the feds has now gotten totally out of hand – very few of the borrowers are repaying any of it. 6.9M of them made no payment at all in the last year as Obama’s over-taxed, over-borrowed, over-regulated, and jobless economy is making a mockery of its ‘recovery’, daily touted ever more loudly by his resident lackies in the Democratic Party and the lamestream. As reported here before, Hillary plans to make hay with this economic disaster to buy Millenials’ votes through her new College Compact entitlement that will be a massive pocket picking of the shrinking fraction of Americans who actually pay taxes – “first you encourage student debt, then you write it off on taxpayers”.
NYC socialist governance at work. Everyone is familiar with what the city’s new idiot mayor Bill de Blasio has done to destroy the crime suppression work of the last twenty years. And the beat goes on as the city reverts to its dismal past all in the name of ‘social justice’ which is also disappearing rapidly under this new troop of collectivists. For more, google ‘NYC crime, de Blasio’.
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