POLITICS: Is The Stimulus Good? was Diagnostic Face Reading

[Guest guest]

> What is your philosophy to economics? Do you think the stimulous

> package a bad thing? Are the Republicans right in saying tax cuts are

> better? These are real questions since my knowledge about economics is

> challenged.

I think the best thing you can do is read a couple of very accessible

and short books that will help you not be economically challenged. In

fact after reading them you will know more about economics than

probably 99% of all Americans. I would start with Hazlitt and then

read Callahan.

Economics in One Lesson - Henry Hazlitt

You can buy the book here:

http://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232

You can read it online for free here: http://jim.com/econ/contents.html

Economics for Real People - Gene Callahan

You can buy it here:

http://www.amazon.com/Economics-Real-People-Introduction-Austrian/dp/0945466358

You can read it online for free here:

http://mises.org/books/econforrealpeople.pdf

Once you grasp and understand the lessons in each of these books, you

will never see life, and politics, in quite the same fashion again.

You will also understand why politicians do what they do and why they

continue to get away with what they do, because people (including the

politicians) are woefully ignorant of the whole issue.

If you want to understand the so called " stimulus " and other stupid,

idiotic, brain dead interventions into the American economy you can do

no better than Woods current New York Times bestseller

_Meltdown_: http://snipurl.com/ewaag

There are lots of good things in the book but one excellent section is

his analysis of the depression of 1920-21. What? You have never heard

of that? It was worse than the " Great Depression " but whereas the

" Great Depression " lasted 16 years, this was over in relative matter

of months. I won't spoil it for you but it is compelling and not a

difficult read.

As for the Republicans, well tax cuts are always great, but what we

really need are spending cuts. And where were the Republicans when

Barack O'Bush was running up massive deficits, hijacking our civil

liberties, and reigning terror throughout the world with his military

adventurism? The Republicans are a joke (although much better as the

minority party). Like their fellow Democrats they are political

opportunists who once they get in power abandon whatever it is they

promised you in order to get into power. Witness all the stunning lack

of criticism of Obama as he increases our presence in Afghanistan and

continues on with the policy of Iraq. Imagine if he had told his

supporters in the primaries that he was planning on keeping Bush's war

secretary in his cabinet. Of course some of us were saying this was

going to happen, but that's another story

Anyhow, no need to go on about our current administration. Read the

books and you can draw your own conclusions. But whatever you do, make

sure its the opposite of whatever you hear on NPR, LOL!

--

" Forget about reading Austrian Economics. In fact, forget about

reading in general. I finally realize what is the fastest, surest way

to learn real economics: it's listening to NPR (National Public

Radio). All you have to do is realize that EVERY SINGLE THING their

radio hosts and guests say about economics is 100% FALSE--then you'll

automatically learn what are real economic truths. "

Kramer