For our first feature of the tenth year in a most unfortunate decade, we will be short & to the point--a blunt statement of the forgotten obvious.
Countless generations of civilized humans taught their children that squirrels & wise men saved for future need; a lesson visually reinforced as children watched squirrels bury & retrieve nuts, as seasons dictated. The lesson was ideologically reinforced by Bible passages, such as Joseph's explanation of Pharaoh's dream prophesying the coming seven good years, followed by seven lean. Corollaries of the principle were enunciated in a developing literature--as in the classic paternal advice in Hamlet, neither a borrower nor a lender be.
Saving--putting aside a significant portion of productive achievement, each year--has always provided the nearest thing to actual security, given the vicissitudes of life, that squirrels or humans can hope to achieve. From a political or social perspective, it is even more important that saving provides the only basis for personal freedom--the foundation for human liberty, for independence of thought & action. One without personal resources--without the ability to obtain and use private property, secure private space--can never be truly free. The concept that "Man's home is his castle," reflects this truism--a recognition that the would-be free man or woman needs a corner of Creation, where one can withdraw from the scrutiny of Government or any would-be meddler, to meet their own needs, to live without other human permission, according to the best Lights one's Maker has provided.
It is also clear, that past savings provide the means for future economic growth--for investment in the means for increased production of whatever a people require or desire--the foundation for their increasing wealth, a source for continued employment of their neighbors.
All perfectly obvious! The irony is that the United States, once among the freest peoples in human history, now have a Government that actually seeks to discourage saving--even actively seeks to persuade other nations, like the Chinese, to abandon high rates of personal savings, in order to consume more. What makes this truly absurd is that the Chinese still have a nominally "Communist Government"--yet one now at peace with its people adopting the fundament of Capitalism on a massive scale;--while once free, capitalistic, Americans are now governed by fantasy seekers--far to the Left of those nominal Communists--home grown demagogues, seeking to create an illusion of solving problems of the moment, at the expense of any future worth the having!
We understand the pseudo economics behind the "consumerism" of our present American Mipip* government. The implication, clearly, is a utilitarian concept that the interests of the individual--particularly the productive individual capable of producing enough to build a capital base--must be sacrificed in order to artificially stimulate economic activity for the basest political & social purposes of the moment. No one, but a willing parasite, really benefits. Instead of looking to the future--recognizing that true progress has always been a multi-generational project;--the emphasis is entirely on the immediate satisfaction of perceived collective desires, even where it means sacrificing the essential foundation for a free society in a rational, relatively secure, future--one only possible via saving--to such imagined "needs."
It is basic to economic understanding, that people produce in order to consume--now or in the future. It is never necessary nor advisable to artificially stimulate consumption. The reason people, with means, defer consumption, is in recognition of future need; a willingness to build a sounder future at the expense of current self-indulgence. To interfere with such provident behavior is to deny the most basic freedom of the wise, to favor an over-indulgence of the foolish. Similar disregard for liberty & individual prospects characterized the monolithic utilitarian societies of Lenin & Stalin's Bolshevik (Communist) Russia & Hitler's Socialist Germany.
Such sacrificed the productive individual or creative eccentric to the momentary whims of a mob stirred by the base emotions that always drive the far Left; a celebration of envy & resentment, an exaltation of mass over quality; of controlled followers over intelligent & purpose driven behavior. It was precisely the sort of mindset, from which Madison and those other, honorable, wise & providential men, sought to protect Americans in future generations, when they devised and formulated the carefully premised delegations & limitations of the Constitution.
To fully grasp the issue on a grand scale, one must perceive not the static tableau of human poverty, endlessly painted by demagogues on the Left, but the actual dynamics of sound family pursuit; the difference between a young couple, starting out buying things they cannot afford, on time obtained by agreeing to usurious interest payments, and one saving a significant part of their yearly income, although it means not keeping up with neighbors in the purchase of creature comforts & popular appliances. It requires the relatively simple calculation of how each new family will stand after seven years; the first struggling to pay the minimum on their credit cards, after payments on all other incurred debts; the second now able to supplement income from jobs with the fruits from investment; to begin to purchase and maintain the appliances, now wearing out in the homes of the debt strapped, while facing a more confident future that only the provident can enjoy.
As more and more of a population lose the ability to actually act independently economically, prospects for popular Government decline. As more and more of a population become dependent on centralized authority, both because of improvident conduct and the usurpation of power by a Central Government that has promoted improvident conduct for almost three generations, prospects for human liberty--for any meaningful individual freedom--expire, as we suffer the controlled-mob rule ideal, achieved by the great utilitarian monoliths of the Twentieth Century. Both Bolshevik Russia & Nazi Germany were direct results of the collapse of economic providence. (Granted, colossal war costs precipitated European wealth destruction. But it is the wasting of a people's capital that destroys economic & social freedom, whatever the stated object for the waste.) It is the destruction of the real wealth of a people that triggers the desperate acceptance of the promises of grasping voices, who always emerge in times of chaos.
The quack economists surrounding our would-be rulers are no friends to an American future.
Obama did not just happen! For over two generations, mainstream Americans have been bombarded with a three pronged challenge to the continuity of their values, culture & identity. These have included the absurd, yet oft repeated lie, of an equality of human potential; a direct attack on the ethnic pride & identity of rooted Americans as unique peoples--coupled with the pretense that they are somehow guilty of causing most of the earth's problems;--and the promotion of a cynical Utilitarian view of Government, which claims that despite a written Constitution--precisely intended to prevent such misuse of power--the Government has whatever power a majority desire, to address any and all problems of unhappy individuals.
Return Of The Gods explores the impact of this ideological assault on Americans of all types, interests & perspectives, while demonstrating the macro political, social & economic effects that would lead to the 2008 economic & political disaster. Will Welfare State premises bring yet more social & political chaos, followed by violence & revolution to America? Consider>>
Return Of The Gods
Conservative Intelligence Center
Agenda Serving Bullies, Crack-Pots Betraying Duty?
Implied Powers? Clearly Implied Limitations!
The Missing Link To An Armed Citizenry
The Missing Link To Reality
Whither American Conservatism?
Obama Or America--Clarity On Irreconcilable Differences
Losing America's Multi-Generational Purpose
Why & How? Support Romney/Ryan
Social Reform: Confusion & "Unintended Consequences?"
Cloud Dancing Revisited--Examples Of Spreading Contagion
Romney & American Conservatism
Blame & Envy Cocktail--Demagogues' Path To Power
"Diversity" In Context: Reality vs. Leftist Fantasy
World Government? Norman Cousins & Surrender By Subterfuge!
Conflicting Views On Core Premises For A Social Order
Pseudo Pragmatism--Political Folly, Foreign & Domestic
"Occupy Wall Street": Fruits Of Corrupt Education
Reality--Paths To Success & A Path To Failure.
Socialist Macro Policy Effects On Specific Groups
Debt Default In America
Egalitarian Collectivism Sabotages Human Potential
Pursuit Of "Diversity," A Return To Babel?
Gold & Money In America, II
Freedom Of Choice? Gulliver Discovers America!
Libya, America & The Law Of Nations
A Better Way To Avoid Economic Crises!
Social Security? Threats To Social Security Cont.
Social Security? The Enemy Of Social Security!
Job Creation Or Egalitarianism
Perception Of Reality--Or Lack Of It
Time--Neglected Dimension In Social & Economic Analysis
A Place For The America We Knew?
The Ultimate Insult--A Perspective On Egalitarianism
Cloud Dancing--Social Medium For Scoundrels, Neurotics & Dolts
Answer To "Cloud Dancing">>
Return To Ground--Building On Experience & Reason
The Keynesian Harvest, 2008 & Beyond
Trust In Government Or Education?
Gold & Money In America
Health Care--The Real Issue
Self-Destruction--A Conditioned Reflex?
Gaming The Question--Staple of Demagogues
The Better Term: "Liberal" Or "Mipip?"
"Social Justice"--Not Social & Not Just
Economics Of A Sociopath>>
Keynes & The Keynesian Appeal
Addiction: An Economy Dependent Upon Easy Credit
The Function Of Money--A Medium Of Exchange
[After essay, hit link on "Inflation, Capital & Capital Gains Taxes," for full picture.]
Congress & The Regulation Of Commerce
Keynes At Harvard--Quacks In Education & Government