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.
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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.
“I did little more than ask how much of my earnings I should be allowed to keep. In return, I was called an idiot, a fool, heartless, and selfish.”
Shoulda saved the trip and come here and said you thought a flat tax was the most equitable. Same result, and you wouldn’t have to leave your armchair.
Truer words never spoken...
I’m the 1%, I’m the 99% - excuse me, but it seems like the singular goal of the ‘99%’ is to drag down the 1% so that they’re earning just as little as the rest to provide for the bloodsucking 5% who never intend to ever lift themselves off of government dependence. A better question should be: How hard should a few people work so that so many can simply sit on their rumps and do nothing?
Full 'Schiff takes on OWS Marxists' video :
Peter Schiff Speaks for 1 Percent at Occupy Wall Street (video)
Of course Schiff is correct. But what good does it do to argue with Idiots? 90 something percent of these people are economic ignoramuses. Most of these people will show up at any type of protest. They are part of the “rent-a-mob” crowd that’s prevalent in NY, SF, LA & a lot of other places. They are incapable of logic & reason, & I think Peter Schiff is wasting his time trying to reason with them. But this video is good because it reveals just what types of idiots are in this OWS movement.
bflr