Economics 101
There are only three ways the United States Government can get money. It can borrow it, tax for it, or print it. In reverse order:
1. Printing is really a tax on all the people that cheapens the money. This can been done a little at a time and prices will gradually increase. But people catch on after a while and they push for cost of living increases and such, so that the inflation does not work. If massive printing takes place financial institutions are destroyed including government banks. People pay off old debts in cheap money which will not buy anything. The open market disappears, black markets proliferate, liberty as lost as the secret police intrude into everything. Modern nations do not inflate primarily by printing but by easy credit and marginal reserve banking. The result is the same, but saves paper and ink.
2. Taxing is not politically valid, for the people will not stand for it, nor can it survive economically. If the rich are taxed, the money goes into hiding, off shore, in foreign investments, in long term investments in gold or silver, etc. The rich have ways. Most taxes on the rich are paid for by the lower classes because the rich just pass the taxes on through in the cost of goods and services. Business men must count them in the cost of doing business and pass them through to their customers. A little wiggle room can be achieved by lying to the people, promising tax relief until after the election and then reneging on the promises. The government has a couple years until the next election. Jobs and industry move overseas, and people blame the "evil" businessmen for taking their jobs overseas, because the people are too ignorant to see that it was government taxation that sent the jobs overseas.
3. Borrowing is even more destructive. The lending market always responds to supply and demand. If the demand for money exceeds the supply, the price of money [interest] goes up. This increases government budgets as the rates go up and up as they did in the Carter administration. This also slows business, because they must stand in line behind the government in order to borrow money and they must pay a higher rate. The economy slows, only helped a little by government money poured into favored businesses and banks to keep the inefficient ones alive and working. These compete with an unfair advantage over those who are not favored, but efficient, so that the quality of goods and services decline. When the inevitable scandal occurs, instead of seeing the villain in government, the government proposes more rules and regulations and government supervisors to see that quality is maintained. Just like Freddie Mac and Fannie Mae. The results are boringly predictable.
Solution. The problem is the people, and the people must provide the solution. As long as the people make government their god and the president their savior, there is no hope. The cycle will continue and Babylon will be overwhelmed in debt, despair, and oppression. The people must cast their gods to the moles and bats and look to the God who created them to provide their daily bread and the necessities of their lives. They way they are to do this is described in Eph 4:28 "Let him that stole steal no more: but rather let him labor, working with his hands the thing which is good, that he may have to give to him that needeth."
The foundation of economic health is not living off the labor of others [as government does] but doing honest work and showing kindness to those around you. Simple, isn't it.
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A vehicle for venting on philosophy, religion, and the general state of things. Proprietor: C. W. Powell
Saturday, February 14, 2009
Labels:
borrow,
economics,
good works,
inflation,
tax
Friday, February 13, 2009
This Is Fair???
Shame on the Congress of the United States. They just voted debt and socialism on the American people for many generations. And not ONE OF THEM read the bill, which was crafted in secret by a few rotten and depraved democrats. The rest followed like sheep. This link will take you to a video detailing the shame that will be cursed by our grandchildren and our great grandchildren.
Link to video
This is the same crowd that wants to bring back the "Fairness Doctrine" so that their opposition will never be heard on the radio again. They have no shame, except that which will be heard in the curses of our posterity. Shame Shame Shame
“Were they ashamed when they had committed abomination? nay, they were not at all ashamed, neither could they blush: therefore shall they fall among them that fall: in the time of their visitation they shall be cast down, saith the LORD.” (Jer 8:12 AV)
The shame of this black president is worse than the racism that put black Americans in slavery. He would condemn not only the black citizens but all citizens of every race, color, creed, and sex to the moral and financial bondage of totalitarianism. It is not too late, but he must veto the "recovery" bill. Otherwise he will go far down in history as the subverter of the American republic and the enslaver of a free people.
shame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shame
Shame on the Congress of the United States. They just voted debt and socialism on the American people for many generations. And not ONE OF THEM read the bill, which was crafted in secret by a few rotten and depraved democrats. The rest followed like sheep. This link will take you to a video detailing the shame that will be cursed by our grandchildren and our great grandchildren.
Link to video
This is the same crowd that wants to bring back the "Fairness Doctrine" so that their opposition will never be heard on the radio again. They have no shame, except that which will be heard in the curses of our posterity. Shame Shame Shame
“Were they ashamed when they had committed abomination? nay, they were not at all ashamed, neither could they blush: therefore shall they fall among them that fall: in the time of their visitation they shall be cast down, saith the LORD.” (Jer 8:12 AV)
The shame of this black president is worse than the racism that put black Americans in slavery. He would condemn not only the black citizens but all citizens of every race, color, creed, and sex to the moral and financial bondage of totalitarianism. It is not too late, but he must veto the "recovery" bill. Otherwise he will go far down in history as the subverter of the American republic and the enslaver of a free people.
shame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shameshame shame shame
Thursday, February 12, 2009
Chambering? and Wantonness?
Moreover, it is to be observed that we cannot desire Jesus Christ without aspiring to the righteousness of God, which consists in renouncing ourselves and obeying his will. For it is preposterous to pretend that we are of the body of Christ, while abandoning ourselves to all licentiousness, and leading a dissolute life. Since in Christ is nought but chastity, benignity, sobriety, truth, humility, and such like virtues, if we would be his members, all uncleanness, intemperance, falsehood, pride, and similar vices must be put from us. For we cannot intermingle these things with him without offering him great dishonor and insult. We ought always to remember that there is no more agreement between him and iniquity than between light and darkness. If we would come then to true repentance, we must endeavor to make our whole life conformable to the example of Jesus Christ. –John Calvin. “A Short Treatise on the Supper of our Lord” Paragraph 24.
Seems that Calvin thought there was more to Christianity that warming the bottom in church and having the ears tickled.
“Let us walk honestly, as in the day; not in rioting and drunkenness, not in chambering and wantonness, not in strife and envying.” (Ro 13:13)
Tuesday, February 10, 2009
For the People, especially the Children! Nope.
Against the Family, the People, especially the Children!
If you think it is "for the people," you are as dumb as a rock, no matter how many degrees you have. Capping the pay of executives, I mean. It is against the people, not for the people. It isn't hard, and I will explain it to you if you will put aside your envy and greed and prejudice against the rich for a moment.
The purpose is to destroy the wealthy class and put all power in the hands of government. It took a long time for kings to destroy the noble class in Europe, but they were ultimately successful beginning with Philip the Fair. Only the powerful nobles could keep the king in check, just as only the powerful rich can hold government in check today. Their power should be balanced against each other, and if the power tips to the great ones, or toward the elected officials, the result is the same, oppression of the people in the name of the people.
If there are no rich, who will fund the opposition? eh??
Get out your old dusty history books, except those written under the misguided influence of Marx and Lenin, and find out for yourself.
Philip destroy the nobles and the rich and powerful, most notibly the Templars [the church follows the rich to the trashheap, for it is a threat to the "people"]. Read--find out for yourself.
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