Of course this is a half-truth. It is the broken window fallacy (read "Economics in One Lesson" by Henry Hazlitt) writ large.
Sure; if hoodlums break windows the glazier has plenty of work but what about all the destruction of wealth. Instead of buying a new windshield Joe the Plumber (!) would have bought the tool that would have prevented the accident that caused him to lose his sight in one eye, etc!
These 640,329 jobs represent the destruction of wealth caused by the economic terrorists who have usurped our Constitutional Republic and is operating as an unConstitutional coup.
Their statistics are bogus at best and just a bunch of propaganda.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Friday, October 30, 2009
Thursday, October 29, 2009
Higher GDP Means Everything Is AOK - Duh!
How's your GDP?
Let's assume that you have a counterfeit operation at your disposal and you ask Helicopter Ben (the cutesy nickname you gave to the one who answers to your beckoning call) to crank it up.
Just call it 'TARP' or whatever you want.
Now suppose all of those TARP funds go to you; some goes in the right front pocket, some in the left front pocket, some goes in the right rear pocket, and some goes in your left rear pocket.
Wow! You now have a bigger GDP.
Based on that information it is safe to say that all economic nincompoops will be impressed and that the economic nincompoops in the media will demonstrate their stupidity by trumpeting the "great news."
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Let's assume that you have a counterfeit operation at your disposal and you ask Helicopter Ben (the cutesy nickname you gave to the one who answers to your beckoning call) to crank it up.
Just call it 'TARP' or whatever you want.
Now suppose all of those TARP funds go to you; some goes in the right front pocket, some in the left front pocket, some goes in the right rear pocket, and some goes in your left rear pocket.
Wow! You now have a bigger GDP.
Based on that information it is safe to say that all economic nincompoops will be impressed and that the economic nincompoops in the media will demonstrate their stupidity by trumpeting the "great news."
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Monday, October 26, 2009
Lies of the Dumb, Dumber, And Dumbest (Yeah Like Krugman!)
What did the Keynesian say to the hapless generations?
We're all dead in the long-run!
What did the empirical economist proclaim from his (or her) pulpit?
We owe it to ourselves!
What do the ego-driven interventionists (politicians) say to those dumb enough to listen?
The government is here to serve!
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
We're all dead in the long-run!
What did the empirical economist proclaim from his (or her) pulpit?
We owe it to ourselves!
What do the ego-driven interventionists (politicians) say to those dumb enough to listen?
The government is here to serve!
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Tuesday, October 20, 2009
Washington D.C. Is A Grotesque Broken Window Fallacy!
Washington, D.C. is like an enormous and grotesque "Broken Window Fallacy!"
In "Economics In One Lesson" Henry Hazlitt reintroduced the logic of Fredrick Bastiat and exposed the ridiculousness of bad economics. Bad economics is economics that looks only at part of the consequences, which is what the economic nincompoops in Washington, D.C. greedily live off of.
Politicians (you know, the ego-driven interventionists) can only see the jobs that are created in the construction of the bridge to nowhere! Then there are the numerous legislative acts needed to handle the complications associated with ending up in 'nowhere.' For example, what is the environmental impact? Use benefit/cost analysis - but be sure to hire an analytical firm run by a friend who only cares about the benefits. And on and on.
Not only is Washington, D.C. the center of corruption but it is also the point where the parasitic tick is attached. It is sucking the blood of its host (the productive elements of society) and at the same time it is a carrier of numerous infectious diseases.
The vaccination craze being pushed by the corporatist/fascist/socialist power elite should be re-oriented towards removing the parasite and curing the diseases it introduced. The best first step is to END THE FED.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
In "Economics In One Lesson" Henry Hazlitt reintroduced the logic of Fredrick Bastiat and exposed the ridiculousness of bad economics. Bad economics is economics that looks only at part of the consequences, which is what the economic nincompoops in Washington, D.C. greedily live off of.
Politicians (you know, the ego-driven interventionists) can only see the jobs that are created in the construction of the bridge to nowhere! Then there are the numerous legislative acts needed to handle the complications associated with ending up in 'nowhere.' For example, what is the environmental impact? Use benefit/cost analysis - but be sure to hire an analytical firm run by a friend who only cares about the benefits. And on and on.
Not only is Washington, D.C. the center of corruption but it is also the point where the parasitic tick is attached. It is sucking the blood of its host (the productive elements of society) and at the same time it is a carrier of numerous infectious diseases.
The vaccination craze being pushed by the corporatist/fascist/socialist power elite should be re-oriented towards removing the parasite and curing the diseases it introduced. The best first step is to END THE FED.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
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