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QE Lessons: The Fight Against Error and a Message to Webster Tarpley

September 19, 2012

It is generally believed by those unfamiliar with economic theory that credit expansion and an increase in the quantity of money in circulation are efficacious means for lowering the rate of interest permanently below the height it would attain on a nonmanipulated capital and loan market. This theory is utterly illusory and we have our own economy here in the United States as proof. But it guides the monetary and credit policy of the United States government.

Our political economy is very similar to that of Nazism in the sense that it desired government control of business and economic self-sufficiency, that is, autarky, for their own nation. And the Nazi political economy did not take a page from Austrian economics as the disrespectful Webster Tarpley continues to insist. Mr. Tarpley just because its called “Austrian” doesnt mean it was used in Nazi-Germany and Hjalmar Schacht was not an Austrian economist, he was actually an economist more to your liking Mr. Tarpley, a New Dealer type. And I must agree with Joel Skousen and Dr. Monteith on one thing, you are a socialist Mr. Tarpley. You keep calling yourself a “New Dealer” and its the same thing as socialism.

Mr. Tarpley you want to regulate the derivatives market, you want a higher minimum wage and a host of other New Deal era policies, but these policies are government rules. And when government rules it is an exercise of might in the political body. Rule is always based upon might, that is, the power to direct other people’s actions. You write books against the Bush Crime Family, against Obama, you criticize Romney and insult Dr. Ron Paul and yet you turn around and offer policy. Well, Mr. Tarpley, who is supposed to implement these wonderful policies you recommend? It seems to me that you are presuming that the same government who is creating the problem should take your policies and implement them. I learned a valuable lesson from the Yoruba people of southwestern Nigeria when they shared an old piece of wisdom of their people that says, “the consciousness that created the problem, cannot be the consciousness to resolve that problem”. Hello?! Are you alive and aware Mr. Tarpley?

Its unfortunate at this time that the power of the ideology of the Federal Reserve has a population of people who are submitting to it without any complaining and discontent. There is a problem a-brewing however, and that is that we are losing the ability to preserve the morale of the armed forces as increased acts of resistance on facebook are displayed by soldiers as well as an increased rate of suicide and other self-destructive behavior. These soldiers are tired of spending time away from their loved ones guarding fields of poppy seeds in Afghanistan never even seeing the “enemy”.

Mr. Tarpley I do agree with you in the fact that Washington is run by a bunch of Benthamites and Malthusians, but where we part ways is in that with this understanding I do not want anymore government intervention, but you seem to want them to do the right thing, that is, implementing your ideas.

We have to also get an understanding of what type of political system the Founders left us. When Benjamin Franklin exited the Constitutional Convention he was asked by a woman, “Sir, what have you given us?” His immediate response was, “A republic maam, if you can keep it.” There is a reason why in government and law enforcement we talk about the Rule of Law as opposed to the rule of men. Men are not infallible, they err very often. For this reason we need to get away from the manipulation that we are a democracy. A democracy is majority rule and the majority of people are not always right and know the means for attaining the ends aimed at. Democracy guarantees a system of government in accordance with the wishes and plans of the majority. But it cannot prevent majoritiesĀ  falling victims to erroneous ideas and from adopting inappropriate policies which not only fail to realize the ends aimed at but result in disaster.


From → Economics

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