Time to Exit!

The Road To Serfdom is among the top must reads for anyone.

As Dr. Thomas Sowell accurately notes in a review of F. A. Hayek's masterpiece, "The rule of law, on which freedom itself ultimately depends, is inherently incompatible with socialism. People who are free to do as they wish will not do as the economic planners wish. Differences in values and priories are enough to ensure that. These differences must be ironed out by propaganda or power, if socialism is to be socialism. Indoctrination must be part of the program, not because socialist want to be brainwashers, but because socialism requires brainwashing."

Without the rule of law, you no longer have a nation of virtue wtih freedom and liberty for all.

Unfortunately, the assessment Dr. Sowell arrived upon in review of Hayek's brilliance, is actually happening.

Rather than "cheering for your team" no matter the policy put forth, it seems our citizenry should acquaint themselves with the ability to engage in critical thinking. Presently, powerful ruling class elite and progressive politicians, with the cooperation of their partners in the mainstream media, are pushing their agenda, littered with propaganda and fake news, on the citizenry.

It is, as progressive Stuart Chase wrote in 1942, "The Road We Are Traveling."

The "real" stories, which discredit the propaganda pushed by the central planners, is labeled Fake News.

Fake News is a new weapon designed by the central planners to confuse the citizenry, who has made recent strides on deciphering truth from deception.

But until America firmly wakes up and wins this battle, and make no mistake it is just that, that road is "The Road To Serfdom."

Time to Exit!

Obama's Road to Serfdom

Having recently released his docu-ganda promoting his accomplishment title The Road We Have Traveled, Glenn Beck thought it compelling to re-visit this road. Take a listen:



Running on seven cylinders with an overheating transmission and a pair of flat Goodyear Racing Eagles, Uncle Sam's stimulus sponsored Chevrolet is not long for the track.

All kidding aside, the road we are traveling is a road familiar to students of history. The road is Hayek's Road to Serfdom.

Our freedoms are being taken at alarming speed while we are hardly watching. That was some document dump last Friday afternoon was it not?

Free market capitalism remains the best path to prosperity. The road we are traveling leads to the loss of sovereignty by our citizens, and with that comes a broken spirit and loss of entrepreneurship.

If our citizenry does not wake up soon, only Faith will save our soul.

Left Looney on Economics

The James Madison Institute reports on the Economic Literacy of Progressives and finds exactly what you might expect, a train wreck.

George Mason University Professor Daniel Klein and Zogby researcher Zeljka Buturovic surveyed 4,835 American adults on eight questions about basic economics. They also asked each of the respondents about their political leanings, grouping them into six categories: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian. They wrote about their findings in The Wall Street Journal.

As Klein asserts, “The left has trouble squaring economic thinking with their political psychology, morals, and aesthetics.”

If you are like me, you run into this thinking everyday. If you take for example our current economic crisis, spearheaded in large measure by decades of socialist programs, most with good intentions, which are geared to assist fellow citizens, you find governmental initiatives that end up being entitlement programs that are drowning our financial system and placing Uncle Sam at the doorstep of bankruptcy. Going green, presented as a worthwhile effort to protect the environment masquerading as a global transfer of wealth, is a prime example of this. Current legislation proposed as the cap and trade bill, if voted into law, will likely be the event that does bankrupt the ole USA.

“We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice"
-F.A. Hayek

We recently had an example of a progressive politician, who really demonstrated what the study identified. Get a load of this recent interview on FOX News Neil Cavuto and Vermont Representative Peter Welch, and must I qualify that he is a Democrat:



That was brutal. Cavuto finally recognized that the progressives are lost in an economic sea. The Congressman simply cannot comprehend what the elimination of the dividends of British Petroleum (BP:NYSE) and other oil related companies would do to the pensions to most Americans.

So with a handful of economic idiots running things in Washington, what can we expect going forward in the marketplace? The worst is behind us according to President Barack Obama. Dr. Arthur Laffer, former economic advisor to President Ronald Reagan, penned an article for The Wall Street Journal that is raising quite a few eyebrows among those on the periphery of the investor community. Art Laffer's colleague, Steve Moore of The Wall Street Journal, weighs in and you better sit down for this one.



Dr. Laffer has put this conclusion forward for a few months now, and when you couple the Gulf Oil Spill, an economic and environmental of unmeasurable magnitude, you put in some sell stops. You may still have some time for trades, but you have been warned.