Rantings and tirades of a frustrated economist.
I don't understand people who say that there is "mathematically" no solution to our national finances. There is very much such a solution: deregulate. Regulation, at a conservative estimate, costs us more than $1 trillion in GDP each year. I personally think that such estimates are far too low, especially if you consider the exponential growth effect of capital investments (each year, the growth of the previous year makes even greater growth easier).Deregulate as many industries as possible, lower the capital gains tax rate, lower the corporate income tax rate to at least competitive with China, and then pursue some of Paul Ryan's ideas about constraining future growth of such programs as SS and Medicare/Medicaid.End the MMS entirely and turn mineral/oil exploration regulation over to the relevant states in which those resources occur, or else remove the moratorium on new drilling permits (and reign in the fucking EPA) and use the proceeds from permit sales and royalties.End the federal monopoly on postal service and let FedEx and UPS take over mail service (to the extent anyone uses it anymore).Pass national-level RTW laws and end forced unionization in all states, bringing down the cost of labor and making the US more competitive with China and other labor-surplus nations. Remove government-granted powers to unions (such as those spelled out in the Wagner Act).I could go on, but the point is that solving our problems is very much not mathematically impossible. The solutions exist, and they would work. The best part is that these would dramatically relieve our problems without having the political problems with welfare reform.What they are is POLITICALLY impossible, in the sense that neither major party has a sufficiently capitalist base to push for any of these ideas.
This man deserves way more attention than he's getting right now. He just spoke the truth in that one clip that the politicians are afraid to admit. Too bad certain Keynesian economists believe that deregulation caused the whole housing bubble to collapse. They currently wield a large chunk of influence on fiscal and monetary policies. I hope their progressive BS backfires so we never have to listen to them again or blindly take their advice without thinking of the real world implications of the Ivy League virus that's infiltrated and hijacked the current government.
Not as eloquent as your typical politician but far more accurate and honest. Too bad that he is literally a minority of a minority...I doubt if even 10% of black Americans think and reason at the level this man can...and I doubt they could be bothered to even if they could. And strictly speaking it may be possible from a mathmatical point of view to solve the current fiscal crisis the actions required would be so stringent and harsh that open rebellion will occur if they were attempted.
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