Car Accident and the Broken Window Fallacy

My friend got into a car accident. Is this good for the economy? Is he stimulating the car manufacturing sector? Should he thank the person who totaled his car? This is a clear example of the broken window fallacy and the principle of the seen versus the unseen. Wealth has clearly been destroyed. The resources and money that he would have used to further his business or to satisfy the basic needs of his family have been forcefully diverted towards more pressing matters such as buying a new car. He is worse off because he used his scarce resources to return to the status quo.

 

The broken window fallacy is the deceptive tool used by the State to reinforce the illusion that its influence is that of wealth creation and prosperity. The parasite always seeks to continue its predation by obfuscating its true nature and intentions. For if the host came to realize the chicanery that is being perpetrated it would slough off the parasite without hesitation and with scarcely any effort expended. Vacate the State!

 

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Car Accident and the Broken Window Fallacy – Steemit

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Respect for Universal Law is the Mark of Civilization

The laws of economics and morality are set. They are not to be molded or shaped, only discovered. The marketplace does not bode well for those who choose to make up their own rules. In a world of clear economic laws, there will always be winners and losers. This is to the benefit of us all.

Respect for Universal Law is the Mark of Civilization – Steemit

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Keynesian Economics is a Puerile Philosophy

A lack of consideration for the future is what distinguishes Keynesian economics. Spend, consume, and become indebted because the day of reckoning and the pain of reality can always be pushed to future generations to deal with. Kenyesians are like children in that they do not consider the conservation of scarce resources and consume into indebtedness even when funds are no longer available.

 

This is in striking contrast to most businesses that must obey Economic law. Such businesses cannot continue to operate at a loss without immense suffering. The painful reality eventually reveals all unsustainable practices.

 

In the long run we are all dead.

John Maynard Keynes

Keynesian Economics is a Puerile Philosophy – Steemit

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The Cycle of Life and the Cacophony of Statism

The circle of life as it relates to nature (dead plant matter), business, and the economy is such that resources are always conserved and can never be destroyed. In the natural world there is a clear cycle of birth, growth, death, and birth. There is no waste. All resources are conserved. Even in death resources go to support new life.

 

As it is in the natural world so to it is in the economic world. Businesses are born, grow, perish, and new businesses are born. It takes a vast amount of resources to start a new business and attempt to provide value. Through their patronage or lack thereof only the consumers can decide if the market is well served by this new business. If the market rejects it then it is by definition an inefficient allocation of scarce resources and its best value to the market is in death. This frees up those scarce resources to be used by other intrepid and bold entrepreneurs to try their hand at serving the market.

 

This natural process can be interfered and meddled with only when coercion and force is introduced into this magnificently functioning symphony i.e. the State. At this point it becomes a cacophony of zombie undead institutions, artificially propped up and unnaturally maintained. Reality can be staved off only for so long. To believe resources are not scarce does not make them so. Statism is a self-destructive ideology, from whose ashes a wonder will emerge of epic proportions that will catapult human progress to the stratosphere and beyond. I look to the future with bright and hopeful eyes at what magnificent splendor awaits us.

The Cycle of Life and the Cacophony of Statism – Steemit

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Debate I Part 1: Todd Lewis (Christian Distributism) vs. Danilo Cuellar (Voluntaryist Anarchist)

Please enjoy my recent debate with Todd Lewis. Herein we discuss Mere Christianity definition, Distributism definition, Aristotle on magnanimity, Economy definition, the importance of family and close friend bonds, perverse incentives of the welfare State, ways to distribute land, calling what we have today as Crony Capitalism is like calling rape Crony Lovemaking, Capitalism definition, Corporate Fascism, Mussolini’s Fascism, Mercantilism, Karl Marx 10 planks of Communism, Roman empire collapse, property owners raising private army theory, debt based system, railroad fascism, characteristics of money vs. currency, voluntary communities, legal plunder, if your ideas require force they are worthless, punished for heroism, Pareto 80/20 principle and more!

 

 

 

Intellectuals can debate. Idiots just argue.

Dani Reynolds

 

 

 

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