It Is the Best of all Possible Economies … And It Is the Worst of all Possible Economies …

Arthur Greenspan

Arthur Greenspan

For your amusement, we have assembled a few news reports:

  1. Home ownership rate 63.4%, lowest since 1967/  Housing is hot again. Pending sales of owner-occupied homes fell in June.
These are contemporary stories. If they seem confusing, please do not feel dumb; feel rather, put upon. Here are more:
2. GDP Blahs:  Weakest since WWII. America is Growing Again.   Wage growth sets record lows.
3.  Greenspan: Government spending on entitlements has become extremely dangerous.

These represent what we are being told by our government and by our news media. If reading these, you feel that you are being hornswoggled instead of being told what is actually going on, we suspect that you are correct. You decide.

Knowing as we do if we have paid attention and are honest with ourselves, that our public schools are little more than pro-government brainwashing stations, should we be surprised? Number 3. above is particularly informative we think, knowing that its author was the greatest contributor toward cheap money in his lengthy span as Federal Reserve boss. Now, he is suddenly the soul of rectitude, a deathbed conversion to us. He warns us of what he has done, though he doesn’t mention his responsibility.

But hypocrisy in Washington can hardly surprise, can it?

What we glean from this is primarily the belief that there is no honest news source available to the public; it is all paid-for propaganda of some sort. There may be some objective reporting or honest brokering of news on some private websites but the financing of the big ones discloses their biases. Casual readers (the target audience) are sold their various bills of goods; only patient, time-consuming web research may provide anything resembling an honest, complete story of anything political. And these days nearly all is political, is it not?

And now the FTC, the FEC and the FCC are all moving in on the net without any enabling legislation from Congress. The internet in the US is headed toward matching the net in China and Russia, where government is very much in charge. But few seem to care.

As these bureaucrats move in, we likely won’t notice; what we already have is prostituted enough. Return to the beginning and notice the contradictions.  Then remind yourself that Mr. Greenspan spent more than a decade as Federal Reserve Chairman,  creating the conditions of which he is now warning us. Think about that …

Home ownership rate 63.4%, lowest since 1967/  Housing is hot again. Pending sales of wner-occupied homes fell in June.

GDP Blahs:  Weakest since WWII. America is Growing AgainSpain: Eurozone star grows.  Wage growth sets record lows.

Greenspan: Government spending on entitlements has become extremely dangerous.

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About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Economics, Government, Politics and tagged , , . Bookmark the permalink.

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