The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

One year of economics and poli-sci in a single post

Posted by iusbvision on November 20, 2010

These video’s are very funny. While I do not agree with every point it is still very interesting and educational. I promise you won’t be disappointed!

Quantitative Easing Explained (Federal Reserve monetizing the debt).

This video is brilliant. The deflation is only in a few markets. The truth is that in the early 1990’s the government changed the way that it measures inflation. If they measured it the way they did when Carter and Reagan were president the rate would be about 10%.

Interesting thing about how the Fed did not see the market bubble. The Fed uses static Keynesian models. They do not seriously consider the effects that game theory and they do not differentiate between currency and wealth. They do not understand that you cannot have endless consumption without the creation of wealth on the production side.

Dr. Hayek won the Nobel Prize for his work on market bubbles, but most economists are taught Keynesian-ism not Hayek.

Economics II – The more the planner’s plans fail the more the planners plan – Global Warming Alarmism

Central planing doesn’t work. For example, lets take the 10 smartest men in the world and have them plan our economy. My first question: Which one of you wants to be the planer in charge of tampons and maxi-pads?

Economics III – Corporatism – Campaign Rhetoric – Global Warming Alarmism

Warning adult language –

Hi, I’m a Liberal Democrat – The Left Demonstrates that their charity mostly extends to spending other people’s money.

Multiple studies have shown that conservative Christians by far donate the most to charity

How Liberals Argue

While this is a mild exaggeration it is only a mild one when it comes to the leftists who commonly comment on message boards and troll on blogs. Our experience on this very blog shows this type of behavior time and time again.

mm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: