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Blowback, The Law of Unintended Consequences: AKA The High Cost of Big Government
How do we know this may be true?
The surest confirmation of anything may be official government denial.
T Franz Geithner just told the world There will be no ‘Second Wave’ crisis.
Recall he and his Federal Reserve Chairman long preached recovery.
Unlike Midas, everything government touches seems to turn from gold to lead with the law of unintended consequences, also called Blowback.
When enough people stop believing and depending on government handouts, lies and propaganda about how Big Brother can borrow, regulate, spend and tax our way to prosperity, then what’s left of free markets after gambling away our inheritance may recover in an orgy of free enterprise, saving and productive investment.
That could be ten thousand points, 1930s prices and two decades of debt and derivative destruction away.
Let’s keep our powder dry until then.
Merry Christmas, Happy Chanukah, EID and Pancha Ganapati all…
Regards*Rich
