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Daily Archives: February 5, 2014

Two camps

On the national debt.

”There does not exist an engine so corruptive of the government and so demoralizing of the nation as a public debt.  It will bring on us more ruin at home than all the enemies from abroad …”  ~ Thomas Jefferson

“I’ve always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.  But that only became terribly relevant in 2008. What made sense in 1985, which was to say, “the Fed just stabilized the economy and the government should try to run good bookkeeping” does not make sense in the world we’re in right now because this is a once-in-three-generations crisis which has pushed us into a situation where somebody has to spend to support the economy and that somebody pretty much has to be the government.” ~ Paul Krugman

“U.S. debt is, to a large extent, money we owe to ourselves.” ~ Communist, Paul Krugman

“I consider the fortunes of our republic as depending in an eminent degree on the extinguishment of the public debt before we engage in any war;  because that done, we shall have revenue enough to improve our country in peace and defend it in war without recurring either to new taxes or loans.  But if the debt should once more be swelled to a formidable size, its entire discharge will be despaired of, and we shall be committed to the English career of debt, corruption and rottenness, closing with revolution.  The discharge of public debt, therefore, is vital to the destinies of our government.” ~ Thomas Jefferson

Divided we stand.

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Posted by on February 5, 2014 in Uncategorized

 

Boom Hypothesis of Modern History

Thanks to a fellow blogger, I have found a new book to read.

Where the author is quoted as saying things like this.

“You can get everything of a material nature you want, more than you ever dreamed of having, from gold and silver to furs and foods, and in any quantity you want, provided only that you are willing to venture and work.”

There’s that word, again.

He goes on to say,

“And something you never had within your historical memory will come to you as a byproduct, and that is an extraordinary degree of freedom.”

Did you catch that? Freedom. Personal freedom and democratic forms of government were one of the many fruits of the Great Frontier.

Written by University of Texas historian, Walter Prescott Webb (1888–1963), it’s an explanation of his Boom Hypothesis of Modern History.   The Great Frontier, is the title of the book, and I can’t wait to read it in its entirety.

In the attached synopsis, Webb’s hypothesis explains that this 400 year boom has been over for decades now.  Going together with my previous post of no money in our future, he explains what is to come for us all.  However, I have a pretty good idea what it will be.  The Metropolis is dead, and it will be the Metropolis that will drag us down with it.  IF we let it.  The Kenyan has to be their representative, making sure that we do.

Just too interesting to not read.

Read more here, and see if you may be interested as well.  If you’re a history buff, or just curious, I am sure you will.

Special thanks to the fellow who shared this with me.  And you know who you are.  🙂

 
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Posted by on February 5, 2014 in Uncategorized