Wednesday, September 7, 2016

Central Control vs Free Market

___The election will determine whether elites in the D.C. political establishment will continue to centrally control the economy and morality or those who want to free the producers and buyers to make individual economic and moral decisions.

___The Department of Commerce has centralized business and financial data. There is an obvious partisan bias on released data. Unemployment of 4.9% should indicate a boom, but labor participation is at a 40-year low, and the GDP growth is around 1%. Under Truman it was over 5%. The 1920s under Coolidge were named “roaring” for good reason. Businesses were allowed to prosper and hire with little restraint.

___Under Carter energy and education policy were consolidated under the two new DOEs. How have they performed?

___The Department of Energy forbid the export of oil. Utility customers were illegally taxed (a "fee" so House would not have to initiate it) to pay for Yucca Mountain in Nevada. After about $15 Billion was spent in Nevada on construction and wages, the Governor and President reneged on the agreement and nuclear waste had to remain stored at more than 100 individual facilities.

___The Department of Education oversaw the destruction of a good system of public education while destroying exceptional private schools. It illegally became one of the largest banks in the world with over $1.4 Trillion in student loans. Taxpayers will now have to pay the bill for the mismanagement. Common Core, owned by the Gates Foundation and exempt from FOIA, has been implemented by threatened withholding of “federal funds” and is partly responsible for the nation's poor performance against our foreign competitors. The Feds now want control over young minds from pre-school through college all paid for by apathetic, gullible taxpayers. College majors in race and gender history will hardly prepare students for a real world. The MIT professor said we were stupid to believe the lies about Obamacare. I didn't, but he may be right about many.

___History teaches that Adam Smith was correct, and Karl Marx (USSR), John M. Keynes (U.K.) and Paul Krugman were not. If we ignore history, then we will repeat the mistakes.

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