Friday, September 7, 2012

America's 'Lab Rat Economy'

By, Chris Rossini
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During Obama's DNC speech last night he
"You didn't elect me to tell you what you wanted to hear. You elected me to tell you the truth. And the truth is, it will take more than a few years for us to solve challenges that have built up over decades. It will require common effort, shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one."
So not only will the American people be poked and prodded with government's tools, but the poking will be "persistent".

Persistent means "Continuing firmly or obstinately in a course of action in spite of difficulty or opposition."

Good to know...

In other words, when the government's "experimentation" fails, they're still going to press on persistently.

Government Officials are not the only omniscient beings in on the action. The Fed is mixing its monetary potions as well.

EPJ readers will remember Bob Wenzel's speech at The New York Fed. He said the following about the current Fed Chairman:
"There have been more changes in monetary policy direction during the Bernanke era then at any other time in the modern era of the Fed. Not under Arthur Burns, not under G. William Miller, not under Paul Volcker, not under Alan Greenspan  have there been so many dramatically shifting Fed monetary policy moves. Under Chairman Bernanke there have been significant changes in direction of the money supply growth FIVE different times. Thus, for me, I am not at all surprised at the current stop and go economy..."

"I ask, is the Chairman using the United States economy as a lab with Americans as the lab rats to test his intellectual curiosity about such things as Operation Twist?"
So here we are, actors in the American Edition of Marx's "Scientific" Socialism.

But let's be optimistic.

The fact that the President is saying they're at the "experimentation" stage is an admission that they don't know what they're doing.

And the heroic Ron Paul took care of letting the Fed genie out of the bottle. That genie is in a constant scramble having to explain itself to everyone.

Public belief in The Lab Rat Economy is cracking. When it eventually shatters, make sure you have a solid grounding in the ideas of liberty.

Opportunities will abound.


  1. His speech made me want to vomit. Its full on collectivism er communitarianism. Somehow I feel the true primary goal of government is to preserve its power and all the benefits its bestowed upon itself above all else. Everyone else is expendable for the cause. Typical collectivist dogma -- either your with us or against us. Obama is GW Bush, only much smarter and far more evil.

  2. We know what works and what doesn't. No experimentation necessary. The problem is that effective solutions don't empower the state, so they are ignored. These people are completely clueless and/or evil, take your pick. Either way, it's going to be a bumpy ride.