Investment Rarities Incorporated
History |  Q & A  |  Endorsements  |  Portfolios  | Flatware | Gold Coins  |  Silver Coins  |  Contact |  Home

Products

Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

..Read More »

The Best of Jim Cook Archive

 
Best of Jim Cook
January 21, 2009
archive print

STATISM

A statist is someone who believes the government should have a large and prominent role in human affairs. They believe the state to be supreme, or at the least, mandatory for solving society’s problems. Both liberals and compassionate conservatives are statists. Mr. Obama and Mr. Bush are statists. Virtually all members of congress are statists. Our founding fathers were not statists.

Statists believe they can solve today’s economic problems by implementing the policies of John Maynard Keynes. This economist argued that economic downturns must be reversed by aggressive government spending. Little did Keynes know that this narrow advice would expand into a litany of government interventions. Among these were artificially low interest rates, government bailouts, massive government deficits, mortgage guarantees, widespread subsidies, coercion of lenders, gargantuan borrowing, huge trade deficits, credit excess, inflating and dollar debasement.

Our statist leaders are practicing an error. Our monetary and budgetary policies are an attempt to get something for nothing. No good can come from passing out money to a populace that didn’t earn it. The disastrous economic and monetary policies implemented by the government and the central bank have led us to the abyss. Despite the sorry results more of these failed initiatives will be force fed to the country.

Statists never learn. Despite the numerous regulatory failures, they push for more regulation. Despite the colossal behavioral collapse among welfare recipients, they push for more social programs. In spite of soaring medical cost brought on by subsidized healthcare, they push for more costly benefits. Examples like this are endless. When you never bother to analyze the results of your policies, you tend to push for more of the same. Ultimately, statism exhausts the resources of a nation. The country will be in ruins and statists will still not know why.