Checking Your Coat At The Theatre: It's A US Dollar Tragedy

The United States dollar has undergone quite the distortion: let's say you attend a play at the local theatre. You check your coat and receive in return an IOU stub which grants you a claim on your coat upon your departure from the theatre. Government has essentially convinced the audience that the coats are no longer of relevance here; that rather the IOUs are the most important aspect of the transaction. In fact, they become so convicted that they distribute more of these IOU claims to convince the ever-broader audience that they too are coat owners. Of course, upon leaving the theatre you recognize that you are still coatless and the weather has become no more tolerant since the government masquerade began. Remember, the United States dollar is not beneficial in and of itself, but rather in the capacity by which it enables more extensive reach in quantity and quality of goods and services to grant people the greatest pleasure, leisure, and time. The mere expansion of the quantity of money offers no such benefit.

Comments

Into the Wild: An Economics Lesson

The Keynesian mantra, in its implications, has its roots in destruction rather than truth: “In the long run, we’re all dead.” If this is your guiding principle, we are destined to differ on matters of principle and timeline. While it is true that our fates intersect in death, that does not mean that we ought to condemn our heirs to that view: the view that our work on this planet ought only to serve ourselves, and that we ought only to bear in mind the consequences within our own lifetimes. The Keynesians, of course, prefer their outlook, as it serves their interests; it has the further benefit of appealing to other selfish people who have little interest in the future to which they'll ultimately condemn their heirs. After all, they'll be long gone by then. So, in the Keynesian view, the longterm prospects for the common currency, social stability, and personal liberty are not just irrelevant but inconvenient. In their view, regardless of the consequences, those in charge tod

Death by Socialism

“Welcome to 2030. I own nothing, have no privacy, and life has never been better". That is the title of an article from the World Economic Forum in November of 2016. The title is essentially socialism in a nutshell: no private property, no self-ownership, and no privacy, but somehow, they contend, life will be better. This is the budding trend in America, away from freedom and capitalism in favor of government and socialism; and the data bear this out. Decades after the collapse of the Berlin Wall and the dissolution of the Soviet Union, socialism has reemerged as ungracefully as bellbottom jeans in the classroom and the collective conscience. According to a 2015 Reason-Rupe survey, 53 percent of Americans under 30 admit to having a favorable view of socialism. Likewise, a 2016 Gallup poll found that an astounding 69 percent of millennials say they would be willing to vote for a “socialist” candidate for president. For comparison's sake, roughly a third of their parents'

There's Always Another Tax: The Tragedy of the Public Park

In the San Francisco Bay Area, many residents work tirelessly throughout the year to pay tens of thousands of dollars in annual property taxes. In addition to this, they are charged an extra 10 percent on all expenses through local sales taxes. It doesn't stop there. In addition to their massive federal tax bill, the busy state of California capitalizes on the opportunity to seize another 10 percent through their own sizable state income taxes. But guess what! It doesn't stop there. No, no, no, no. In California, there's always another tax. After all of these taxes, which have all the while been reported to cover every nook and cranny of the utopian vision, the Bay Area resident is left to face yet an additional tax at the grocery store, this time on soda. The visionaries within government, and those who champion its warmhearted intentions, label this one the "soda tax," which unbelievably includes Gatorade, the preferred beverage of athletes

Paradocracy

Search This Blog