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Freedom's Phoenix

Economic Chaos is On the Way

July 2, 2009 - 8:48am
Nick Coons by Nick Coons


The Bush administration, the Obama administration, and their mainstream "economists" have been telling us that the economy is on its way to recovery, so long as we enact their stimulus programs. But it's finally starting to settle in, as we see that the economy will continue to slide for at least the rest of the year.

While May saw a loss of 322,000 jobs, June's figures show a loss of another 467,000 jobs.  Unemployment is now up to 9.5%, the highest since August of 1983.

To those who understand how economics works, which is essentially a psychological study of how people interact with each other, this should come as no surprise.  Free market economists have been telling us for several years, even when the economy was supposedly "solid", that this was going to happen, and this was how it was going to happen.  While the mainstream economists on TV told us everything was fine, we're now taking their advice on how to fix a problem that hit them blindsided.

Very simply, individuals do what they believe at any given point in time to be in their best interest.  Since individuals are not allowed to impose force on one another, their interactions with each other are always voluntary.  Businesses (except those who rely on government assistance) make their money by consumers choosing to give it to them in exchange for a product or service that they value.  When an economy is free to function in this manner, quality of life rises with each transaction.  When government forcefully interferes with this process by trying to orchestrate the actions of over 300 million people, we should expect nothing less than economic chaos.

Related Content:

Joe Biden Cheers Stimulus Success - Nick Coons
Arizona Must Compete with Neighboring States for Business - Nick Coons
President Obama is a Serial Apologist for Bush's Torture Policy - Jim Iannuzo

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