Control Freaks & Their Desire For "Stability"

By, Chris Rossini

When Janet Yellen was confirmed as the new Fed Chair, President Obama said the following in a statement:

...she understands that fostering a stable financial system will help the overall economy and protect consumers. I am confident that Janet will stand up for American workers, protect consumers, foster the stability of our financial system, and help keep our economy growing for years to come. (my emphasis)

Control freaks always desire "stability."

Of course, it's a "stability" that is to be created by themselves, and that they can obviously rule over. And yet....they have done nothing of the sort. In fact, they are completely incapable of producing any type of "stability". The means that the control freaks use prevent them from ever achieving their desired outcome.

Take a look at the following image. Let's say that "stability" is a round hole. What kind of pegs are required to fit into round holes?

Obviously, the answer is a round peg. 

Want stability? Use the round peg.

See the square peg? That's what the control freaks insist on using.

Economic "stability" can only come about with private property, free markets, and sound money. That's the round peg.

Here's the problem that the control freaks have with such a setup....they hate all of those things with a passion. They instead devote their lives to figuring out how to jam that square peg in there:

• John Maynard Keynes says: We shall turn stones into bread. We shall make the round hole appear as if it were a square...and not one in a million will be able to detect how we did it.
• Chicago School Economists say: Try shoving the square peg in there 2% at a time. Just promise you won't jam any more than 2% at a time. It'll fit. Trust us.
• Paul Krugman says: Drop the square peg out of helicopter. If it doesn't work, make the square peg bigger...If that doesn't work, make the square peg bigger...If that doesn't work, make the square peg bigger.

Such is the life of a control freak...never achieving anything close to "stability", but instead creating larger and larger economic catastrophes! 

Meanwhile, the round pegs just sit there...waiting....patiently. The control freaks hate the round pegs, and wish they could destroy every single one of them. But alas, ideas are not so easily destroyed.

So the control freaks do the next best thing: they curse the round pegs. They call them barbarous relics, antiquated, fringe, crazy, and dead.

The round pegs have time...They can wait. 

With the exponential growth of libertarians, and those who understand Austrian economics, who knows?

Perhaps it won't be a very long wait.

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