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Sunday, March 15, 2009

Succinct Statement of the Real Solution: Starve the Beast

I recently rec'd a msg from a sage person, whose identity must remain undisclosed, offering this person's ultimate conclusion on the real solution to our governmental problems. I'm convinced this person, a nearly full-time student of the markets and Austrian School economics for at least 10 years, has hit upon the only way out of our mess:

"There is only one way to deal with this. We cannot outgun this dragon; they control the police and the army. The dragon must be starved.
The only feasible and moral approach is to refuse to turn over your wages to this utterly corrupt structure, and to force them to run on printed money until the system collapses. It boils down to Get Real Money, and Starve the Beast."

I recently attended the gathering of a local political body. Much grumpy frustration over voters' ignorance, government's profligacy, and the need to work for change was expressed. My dear friends, speaking as one who is willing to work within the system for change, please see and accept reality: there is no party, no elected leader, and relatively few citizens who are willing and able to do what is right for a self-governing people, which is to govern themselves. The Republicans have Mitch McConnell as Minority Leader in the Senate, who recently offered up such inspiring baby cereal as this: "The President said that a stimulus package is needed to revive the nation's troubled economy, and to help the millions of Americans who've been affected by it. And Republicans in Congress agree." This was in context of calling for the federal government to take over the entire mortgage industry--er, I mean, offer government-backed mortgages at 4% fixed-rate to all "credit-worthy borrowers."

Did Republicans revolt? Did citizens burn McConnell's effigy across the nation? Did they light up the Congressional phone lines demanding that the Senate GOP caucus to vote McConnell out of leadership immediately? No, no, and no. Nothing happened. Instead, Steve Forbes--FORBES, folks, I mean, look at the last name and cry out loud when you read this--Steve Forbes said roughly the same thing, and you can find it all over the internet, because he's saying it everywhere he can get a forum, but here's just one blogger's report on it.

So sure, let's work for change within the system, but let's do it acknowledging that we're trying to turn around a force about the size of Jupiter, and admit secretly to ourselves that the working within the system must be a cover for our real work, which is convincing people: STARVE THE BEAST.


Blogger Thrifty Scot said...

"The only feasible and moral approach is to refuse to turn over your wages to this utterly corrupt structure, and to force them to run on printed money until the system collapses."

Are you suggesting that people not pay their income taxes - that they should break the law?

Maybe you can get away with that if you're an Obama cabinet nominee, but I'd prefer to stay out of jail, thank you.

3/16/2009 11:08 AM  
Blogger Right Hook said...

This is exactly what a lot of small business owners are doing by cutting back their businesses and legally reducing their tax liability as much as possible. The government can't tax what doesn't exist.

"The wealthy" already have their wealth and do not need to make any more to get by. They can live off of their wealth and sit on the sidelines until there is some incentive for them to start producing again. The problem is that all of the people they employ also get burned by dumbass liberal policies.

3/16/2009 11:39 AM  
Blogger John Galt said...

Reply to Thrifty Scot: Interpret as you will. But your refusal to go to jail is why we're in this mess; nobody is willing to lead a revolution. The alternative is to do AT LEAST what Right Hook is saying, and take all legal measures, and possibly quasi-legal measures, to not make income, or to make income that's called something else, or to hide income in whatever way you think fits the law and your conscience. But starve the beast. Make them reach the point that they can only pretend to pay the bills by printing money, because nobody will give them the revenue in taxes and nobody will buy their debt, so they have to buy their own debt and pay themselves by printing money. This is why I've been telling you to buy hedges against inflation. It's coming, and on a massive scale, and that's okay, because it's a precursor to the return of sanity.

3/16/2009 3:41 PM  
Blogger Thrifty Scot said...

John Galt: I'll assume you're not pointing fingers, asking me to do that which you have yet to do yourself. Unless you're presently posting from behind bars.

I'm all for the wealthy simply pulling out of the economy and letting everyone else fend for themselves. Maybe they'll come to appreciate what he wealthy bring to the table.

More likely, they'll task the government with forcibly confiscating their property.

3/17/2009 3:29 PM  

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