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The Real Cause Of Inflation Is Insane Government Spending
Here’s The Proof
https://thefederalist.com/2022/02/23/the-real-cause-of-inflation-is-insane-government-spending/
[A better title to that article would have been “The Primary Cause of Inflation Is Insane Government Spending” because there are actually two causes of inflation, “demand outstrippng supply” being the other. But thinking people all agree that the former has been the primary inflationary driver since Joe Biden reignited it (at least temporarily). A reminder for liberals, though (who intentionally do not know this): Governments don’t actually have any real money of their own, even though governments are self-empowered with the capacity to create money out of thin air (i.e. 1) to print real currency and coinage to replace worn out currency & coinage and 2) to create fake electronic money to pay their own [government spending] debts). The only real money which governments have is money they have taken (i.e. conscripted, by way of taxation) from people (including companies) who have performed actual economic work and have earned that money from the work they performed. When governments create real currency they are required by law to insert it directly into their economies via licensed banks who trade in worn out currency to their governments for new currency. But when governments create fake electronic money, such money is fake because it wasn’t created via real economic activity. Instead, government-created fake money is created out of nothing, meaning it is actually worth nothing. When governments use this fake money to pay their own debts — because they have spent more than they have taken from people who pay taxes — the fake money is forced into economic circulation where it necessarily competes with and devalues the existing real money already in economic circulation. These governments pay their real bills with fake money that was never earned. That process of forcing real money to compete economically with fake money devalues all existing real money since no actual economic work or service was performed requiring transactional payment of the fake money. When real money becomes artificially devalued in this way, more devalued real money becomes required to pay for the same real goods and services –which have not been devalued — in the real economy. When more real money is required to pay for the same things (i.e. when prices rise), that is called inflation and it is caused by governments spending more real money than they take from taxpayers and replacing it with worthless fake money which they created out of nothing. The technical term for this hopelessly nonsensical, anti-economic theory — popularized by liberals who cannot be bothered with real facts and figures — is Modern Monetary Theory.]
and…
There are at least five major problems with Modern Monetary Theory
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Supply and Demand: Why Free Markets Tick
https://www.imf.org/external/pubs/ft/fandd/basics/suppdem.htm
[For those who don’t know (i.e. liberals), Socialism is the antithesis of free market economics.]
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Study: Republican-Run States Have the Best Taxpayer Return-On-[Taxpayer]-Investments
https://bongino.com/study-red-states-have-the-best-taxpayer-roi/
and…
Economist SHREDS Idea Democrats Are Better for Economy than Republicans
… &
“Leftist ‘economist’ Thomas Piketty… has seen an incredible rise in popularity in recent years… Here are some of the problems with Piketty and his recent book, ‘Chronicles‘.”
https://mises.org/wire/debunking-piketty-and-lefts-celebrity-economists
and…
Government spending actually blunts, rather than stimulates, economic progress
https://www.americanthinker.com/blog/2019/06/government_spending_blunts_economic_progress.html
[ASND thanks Wintery Knight for that image.]
and…
The root cause of our budget deficits is TOO MUCH SPENDING — NOT because we aren’t taxed enough.
https://twitter.com/HeritageDataViz/status/1145679949594075138
and…
Keynesian Stimulus Spending During WWII Ended The Great Depression?
“[A]rtificial increases in [gross domestic economic] output during the [World War II] masked a debilitated private economy. Meaningful growth increased [only] after the war, when free-market mechanisms returned and marginal tax rates were reduced.”
https://www.dailysignal.com/2012/01/26/world-war-ii-economic-stimulant-or-depressant/
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“Starting with the Clinton Administration, the U.S. has shifted federal spending from investment (roads, bridges, basic R&D, public health, and so forth) into transfer payments… [wherein] investment has fallen from 32% of federal spending to just 13% today, while transfer payments have risen from 28% to 70%… this is unsustainable.”
https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/
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2019: Dem Candidates Promise Relief To Americans Sick And Tired Of Working All These Plentiful Jobs
[ASND reminds readers that good satire is made that way when it is based on truth. ]
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Twelve Economic Concepts Everyone Should Know
https://stream.org/twelve-economic-concepts-everyone-know/
and…
“In 1820, about 90 percent of the world population was living in what the World Bank calls extreme poverty, or less than $1.90 a day. By the beginning of 2020, that number had fallen to 8.5 percent… Christianity has been a [major] contributor to [the capitalist] economic [acceleration since the industrial revolution] in several important ways. First, the biblical teaching that the universe is ordered and understandable contributed to the technological revolution starting in the 17th century. Second, trust is an important part of functioning markets across time and space, and Christianity made it easier to trust and trade with people outside one’s immediate family or clan. Third, the biblical concept of universal human dignity made possible the rule of law, an concept vital to cooperation among strangers.”
https://www.thegospelcoalition.org/article/christian-wealthy-consequences/
and…
Five Reasons Why Christians Should Care About Economics
1. The Bible Deals with Economic Issues [hundreds of times]
2. Economics Helps Us Understand the Public Square [see #5 below]
3. Economics Expands Our Model of Discipleship
4. Economics Enhances Our Theology of Work
5. Economics Illuminates the Theological Implications of Politics [with which the Bible also deals often]
https://blog.acton.org/archives/75744-5-reasons-christians-care-economics.html
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“What does that mean?”
http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded
[“Quantitative Easing” Explained ]
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Maybe this Joel Despain “victim” deserved what he got from those two obviously – oppressed African-Americans.
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“We could form a team. The Un-Great Society.”
http://www.usatoday.com/life/comics/2010-10-21-unemployed21_ST_N.htm
[Uhm… hasn’t that already been tried ? ]
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“The one hundred trillion… dollar bill… now sells for $5, depending on its condition.”
http://www.bostonherald.com/business/general/view.bg?articleid=1306774&format=text
[Well of course the value of dollars depends on the condition of those dollars . Dollars are like anything else; pretty stuff sells both first and most . ]
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Economics terms, A-Z
http://www.economist.com/economics-a-to-z/a
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Videos:
“The capital structures are key.
Malinvestments wreck the economy.”
http://www.youtube.com/watch?v=d0nERTFo-Sk
and…
“The economy’s not a car, there’s no engine to stall.
No extra can fix it, there’s no ‘it’ at all.
The economy is us, we don’t need a mechanic.
Put away the wrenches, the economy’s organic.”
http://www.youtube.com/watch?v=GTQnarzmTOc
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Economics for [Socialists]
http://www.wnd.com/index.php?fa=PAGE.view&pageId=358621
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Degree of spending restraint determines [economic] growth rate
http://www.washingtontimes.com/news/2013/jan/15/tale-of-two-economic-styles/
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Government’s Proper Role in Creating Jobs: Top Five Actions to Take
https://thf_media.s3.amazonaws.com/2012/pdf/bg2644.pdf
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Subsidies Have Consequences
http://www.americanthinker.com/2011/10/subsidies_have_consequences.html
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“ Massive government spending [did]n’t help us [under Obama] and massive government spending did not get us out of the great depression. In fact, government interference in the marketplace and New Deal policies extended the depression by seven years and hurt millions.”
http://www.americanthinker.com/blog/2011/09/repeating_fdrs_mistakes.html
and…
“[Herbert] Hoover’s big-spending, interventionist policies prolonged the Great Depression, and similar policies today could do similar damage.”
https://object.cato.org/sites/cato.org/files/pubs/pdf/bp122.pdf
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“… the relationship between tax rates and economic activity, even though it has superficial appeal, is not supported by the evidence.”
http://www.american.com/archive/2011/august/obamasfollytaxingtherich
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Government Doesn’t Create Jobs
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Do Republicans Ideas Lead to Job Growth?
http://www.americanthinker.com/2011/08/do_republicans_ideas_lead_to_job_growth.html
[For the record, Nobody Important (i.e. the producer and “editor” of ASND) is not a Republican.]
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“This [proposed] plan substantially reduces the size and scope of the federal government, fundamentally increases the role of the states in choosing their own practices, and brings decision-making closer to the people rather than unelected administrators.”
http://www.savingthedream.org/about-the-plan/plan-details/SavAmerDream.pdf
[Which is exactly why it will likely never see the light of day in Congress [again, barring a bona fide electoral revolution.]
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CEI’s Ten-Point Plan to Create Jobs
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How [else] to Cut $1 Trillion
http://frontpagemag.com/2011/09/28/how-to-cut-1-trillion/print/
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Madness is the real ‘contagion’ in Europe
http://www.americanthinker.com/blog/2011/09/madness_is_the_real_contagion_in_europe.html
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Entitlement Programs: A Plan to End Them
http://pjmedia.com/blog/entitlement-programs-a-plan-to-end-them/?print=1
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The Problem of Debt:
Should U.S. Fiscal Policy Address Slow Growth or the Debt?
A Nondilemma
http://www.cato.org/sites/cato.org/files/pubs/pdf/pa718.pdf
and…
Why Growth Matters More than Debt
http://www.american.com/archive/2012/january/why-growth-matters-more-than-debt
[Perhaps for a while that was true, but both of those opinions were penned long before the the global debt problem was allowed — possibly because of opinions like those — to get completely out of control.]
Global Debt Is Up To $188,000,000,000,000 – This Is Officially The Biggest Debt Bubble The World Has Ever Seen
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Government versus private efforts in rebuilding after disaster
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“… on balance government spending does not appear to stimulate private [economic] activity.“
http://www.nber.org/papers/w17787
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[How to] Jumpstart the Economy
http://www.hoover.org/publications/defining-ideas/article/119336
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2013 Global Index of Economic Freedom
http://www.heritage.org/index/about
&
http://www.heritage.org/index/ranking
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Another Slow News Day 