I have suffered recently from a terrible bout of the chills.
Yes, spring has arrived (even with a little snow) and I have the chills. I don’t have a disease (that I know of), yet I have the chills. I don’t have a fever; I don’t do drugs; I have no physical reason to have chills; but I do.
I find that those chills become more predominant when I read, watch, or listen to any news about the economy. The mention of the depression (oh, sorry, recession), however, does not trigger these feelings. I get the shivers when I hear what the government plans to do to “fix this economy.”
The fed pumps up its asset base. I get the chills. The government forces money (they call it capital) into banks. I get the chills. Now, the talk has turned to nationalization. (Oh, I know that they don’t like to use that word.) I get the shakes so bad I have trouble turning off the television.
So, why does the same information that makes most people feel warm and fuzzy give me the chills?
Some how, after these many years, I have avoided the cloud of propaganda that has fallen over most people in this country. Everything the government does will have a detrimental effect on the economy, and everyone should recognize it, but they don’t.
Expansion of the money supply got us into this mess. The devalued dollar sent market prices in key sectors of the economy to levels that sent false signals to the market. People bought, built and spent beyond a sustainable level. Now the fed has lighted the fuse for another unsustainable boom.
Government spending just takes from one group of people and gives to another. Particularly now it takes from more productive people and gives to less productive people. How can that stimulate future economic growth?
Government regulation, the panacea of the ignorant, does not work. The markets collapsed for a lot of reasons other than a lack of regulation. In fact, regulation (always applied unevenly) contributed to the mess. (Hearing about regulation does help with the chills. Hearing the phrase “accountability and transparency” makes me hot under the collar.)
So, what do I do to counteract my chills?
As a part of the oppressed masses in this country I can do little to implement fundamental solutions, e.g. eliminate fractional reserve banking, stop government spending, and repeal government regulation. I will, therefore, continue to treat the symptoms.
I get a little warmth from writing this blog, for I continue to hope that the citizens of the United States will see the light, rise up, and take back their liberty.