If you realize both parties in Washington think that our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus that has some magic easy cure for the economy; someone who is going to get elected in Washington and fix everything just by cutting your taxes, investing (more government spending) a few trillion more we don't have and will never have, and who will just command some countries to lower their prices and others to raise their prices all to suit your best interests, then this list is not for you.
You can read past posts by clicking on : schifflist , I try to tag all relevant threads with the keyword : schifflist.
Ping list pinged by sickoflibs.
To join the ping list: FReepmail sickoflibs with the subject line 'add Schifflist'.
(Stop getting pings by sending the subject line 'drop Schifflist'.)
The Austrian Economics School’s Commandments plus :From : link
1) You cannot spend your way out of a recession
2) You cannot regulate the economy into oblivion and expect it to function
3) You cannot tax people and businesses to the point of near slavery and expect them to keep producing
4) You cannot create an abundance of money out of thin air without making all that paper worthless
5) The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever
6) You cannot live beyond your means indefinitely
7) The economy must actually produce something others are willing to buy
8) Every government bureaucrat should keep the following motto in mind when attempting to influence the economy: “First, do no harm!”
9) Central bank-supported fractional reserve banking is an economically distorting, ethically questionable activity. In particular, no government should ever do anything to save any bank from the full consequences of a bank run, no matter what the short-term consequences.
10) Gold is God’s money.
Add mine:
1) Businesses don't hire workers just because of demand for products or services, they hire because it makes them money. Sorry to have to state the obvious.
2) Government spending without taxing is still redistribution
3) Taking one man's money and giving it to another is not a job.
4) Paul Krugman and Bernake have been wrong about everything, as well as the other best and brightest Keynesian's who have been fixing our economy for over a decade.
5) Republicans in the minority (esp out of the White House) act like Republicans, in the majority they act like Democrats .
Equity bubble rules:
1)If something goes up too fast, it is going down faster,
2) By the time it looks like everybody is getting rich, it’s too late, stay out!
3) To get rich you have to get in early start of recovery and get out at the first really 'bad' news, and ignore the experts that claim that they will stop the next crash(our buddy Bernake.).
4) Don't invest money you will probably need, or worse money you don't really have.
Your commandments are concise, logical, loaded with common sense...and very unlikely to be implemented. If you propose them in a public forum, you are very likely to be labeled a racist (!?)
We don’t need a Government Stimulus.
We need Government to get out of the way.
Do away with the Government Obamacare and about 3/4ths. of Government regulations and we will supply the stimulus.
| $2 trillion of QE and 860 billion flushed down the DC crapper - and it got us what? A lot of new hiring by big government and food-stamp offices!
We much resist! I say we much! He's one and done. Barry can't figure out what went wrong The people aren't singing his song Well, here is the gist The people are p...ed And we'll vote him out before long The annihilation of the Jackwagon Democrat Party in 2012 is so close I can taste it. |
Another rule for you: Money given to states for “stimulus” will be used first to fill their budget deficit, i.e. save bureaucrats’ jobs and keep union coffers full, and them MAYBE they will spend it on infrastructure.
Hunter Lewis is an idiot.....as with anyone thinking or suggesting we need another FAILED stimulus. =.=
It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder. - Frederic Bastiat 1801-1850
Cap the spending and cut the program.
