Say that Jill Stein pulls it off and she gets elected.
OK, She wants to drastically increase the amount of money
that the government has access to by taxing the rich and
increasing taxes everywhere. It's really easy for even the
most well-intentioned people to drastically increase the amount
of resources the government has. And then she wants to put a
sticky note on it says that says this can only be used
domestically. Well, once you have such a power
vacuum, you're not going to be calling the shots after this.
You might get assassinated, you might not.
You might say, well, Congress tied my hands and we had to
spend the money now on warfare. So whether it's Trump, Kamala or
Miss Jill Stein, the most well intended person, once you
drastically increase the power of the state, you're no longer
calling the shots. It's the equivalent of saying we
should give the Ku Klux Klan a ton of rope, the right to make
legal decisions. We should give them the right to
regulate things and then they should be a nice organization
afterwards. Well, once you give them that
power, they have no reason to listen to you.
Once you give the state even more money that Bernie and AOC
and Jill Stein want to give them, they have no incentive to
listen to you after that. And the politicians, of course,
have no incentive to actually give you what you want because
they're running for re election and they're wanting to endorse
their next candidate on the ballot.
So look, they just don't have the incentive.
That's the basic lesson of economics.
Look at the incentives people face.
That's why this joke about Ron Paul was right.
All roads lead to Ron Paul being right.
JD Vance correctly said the other day that the problem with
BlackRock is when you have a central bank, they're able to
out compete everyone else because they have access to
lower interest rates. 7% for the average person, 1.5% BlackRock.
This is a huge problem when you have a central bank.
The reason Ron Paul was so right about so many of these things is
the average imbecile looks at the wording and the alleged
intentions of certain legislations.
Ron Paul would look at the incentives created by the
legislation. So when he saw that
Sarbanes-Oxley said we're going to protect consumers from facing
another Enron, Ron Paul didn't take that seriously correctly,
laughed off and said, well, this is going to increase barriers to
entry for other companies and this is going to create more
oligopolies. And there will be fewer IP OS,
initial public offerings than there were in previous years
because it's harder to become a company and have an IPO in the
1st place. And of course, he was right.
By looking at the incentives, we're able to make better
assumptions about what the future will hold, because every
person evil people will actively lie, and good people will come
up with rationalizations afterwards.