ECONOMIC IGNORANCE

What is needed and is lacking in our day and time is knowledge of the way that economics works. It is amazing that many people down through the ages have known what works and what does not work and yet, this wisdom has not penetrated through to the majority of people. Instead, what has happened is that people have been trained in is short term economics without considering the consequences of their actions.

This of course leads to economic crisis. John Maynard Keynes formulated the economics that governments follow today. His policies consist of inflation and deficit spending. These are short sighted policies because they work in the very short run, but long term, they are disastrous. These economic policies lead to financial instability. These policies are really a formulation of Darwinian evolution carried over into the financial arena.

Darwinian evolution says that there are no standards. Everything is based on chance and therefore everything is unstable because of continuous change. This leaves the world in a constant state of flux. We are now seeing the financial policies of Keynes coming home to roost with a vengeance. The supposed experts have proven to be incompetent, especially the government officials. The elite have made their millions and have gone off into retirement or were let go from their companies, leaving a disaster for others to piece together.

Just like the idea of instituting God’s law as the universal law, the gold standard is an anathema to the majority of people. Because people have as R. J. Rushdoony has said "larceny in their heart," they want to keep a system of inflation going. This is because it gives them higher wages. They are given wage increases based upon inflation rather than upon productivity. This is because most people want something for nothing. They are not ambitious and have no drive.

Until inflation is eliminated, we will continue to go from crisis to crisis. It will be a constant process. This is because our money is unstable. Instability begets instability. The best way to eliminate inflation is to be on a gold standard and to the market issuing money, not the government. Governments want control of the money supply so that they can cheat and cheat they will. Governments have a very poor record when it comes to inflation.

Darwinian evolution has conquered every area of thought, but Darwinian evolution is really anti thought. It is doltish to say the least and only dolts accept it. We do not live in a world without standards. Standards are built into the fabric of creation. Standards give us stability and measuring points. Standards give us feedback as to performance. Most of all standards are to be like God, immutable. Immutability is what gives stability.