I couldn't have said it better

God knows I tried!

Money Versus Wealth

Every one of the trillion dollars Obama dumped on the American economy reduced the value of every dollar that was already here, because government stimulus bills create no wealth - they just force the economy to spend money in ways it didn’t want to. Not a single hour of productive labor is created when a big pile of deficit dollars is sucked out of the free market and expelled from Washington. Socialism creates the illusion of prosperity by forcing money to be spent in politically favored areas, then shining the media spotlight on where the money was spent… and hoping nobody notices all the choices that weren’t made, all the possibilities that were foreclosed, fading away in the darkness outside that spotlight.

Comments

[Francisco Domingo Carlos Andres Sebastián d'Anconia]

John, I have been working for 5 minutes on an idea I had. You are much more eloquent than I am so I figured I would hand my idea off to you and you could take it or leave it and turn it into a post if you want:

When people call for more regulation, they need to check the goal of the economic system they "need" to modify.

Creating wealth should be the goal of economics and the fact that we "needed" regulation only shows that we weren't practicing a self supporting economic system. There is really nothing to regulate if profits and wealth are the only motive of business. Business will do what it takes to insure that they profit. Corruption leads to short term profit, but long term disaster. When wealth is the motive, companies have self interest to prevent corruption.

The reason that regulation is/was "needed" is due to the abundance of influence. The more government tries to game economics to make results that aren't focused on wealth, the more regulation is needed to ensure no one is cheating a system in order to obtain profit instead of the government wanted results. As influence grows faster than regulation, you either have a "lack" of regulation or an "abundance" of influence fighting against the natural equilibrium of business which is to create as much wealth as possible.

So what we are doing now in our calls for regulation is only compensating for our run a way influence.

To put it in campaign rhetoric "The influence is the pig and regulation is the lipstick."

Feel free to e-mail me. I love your blog.