Economics Chat on Substack

And a few thoughts on crony capitalism…

Monica Harris wrote this excellent synopsis of the election and I have been chatting about economics with one of her readers in the comment section.

Jenny Hatch

Election 2024: The illusion of division hits a tipping point

Here is the exchange…

My first comment (which is still the most liked)

Excellent analysis and I agree.

For all the talk about billionaires like Sacks and Musk supporting Donald Trump, Kamala truly was the Billionaires choice and enjoyed support from 83 Billionaires and over a billion dollars in campaign funds.

https://x.com/sethdillon/status/1854387200873394334?s=46

As the truth continues to shake out about the vaccine frauds and RFK jr takes a blow torch to the FDA, CDC, NIH, etc... I look forward to the reckoning that is long overdue.

Thanks for your leadership at FAIR Monica. It has been a pleasure getting to know you better and reading your thoughts here on Substack.

I have always been a Trump supporter for Economic reasons and it will be fun to watch America rise from the ashes of debt slavery and indentured servitude to the government.

https://healthyfamilies.substack.com/p/president-trump-for-potus-2024

Cheers!

Jenny Hatch

FAIR in the Arts Playwright

A response from Lidia

There are billionaires on both sides of the political spectrum and they have great influence on the parties and legislators to whom they donate.

However, calling Harris the “billionaires’ candidate” is misleading, because her background and political ideology reflect the needs of the middle and working classes. In fact, almost all Democratic presidents in the last fifty years had working or middle class origins.

Trump, on the other hand, is not only the richest president in American history, he is one of a string of Republican presidents who have all come from the ruling class. His ideology and policies reflect the needs of the most wealthy portion of the ruling class, regardless of the populist rhetoric he employs in speeches.

If you’re suggesting that billionaires have an outsize influence on both of our major political parties, I couldn’t agree more. Regulating that influence so it’s balanced by the needs of the other 98% of Americans is not currently our most pressing agenda item, although perhaps it should

My response to Lidia

These are some great thoughts Lidia.

The demographic shift would indicate that President Trumps messaging really resonated with working class people this go round, especially those men and women who never went to college.

I just watched a clip of Van Jones claiming that Trump had no ground game and almost exclusively won the election by going on long form podcasts and utilizing the web 24/7.

I reject his analysis because certain activists like Scott Pressler in Pennsylvania had an on the ground operation that brought in 50,000 people who had never voted before.

The Amish showed up to vote in a way never witnessed before.

I believe President Trumps economic policies, which were stymied in every possible way, including a fake media driven pandemic, and which produced a less than 2% inflation rate and $1.75 a gallon gas price in 2020, those policies are what get me and others excited about our children’s economicfuture.

Ayn Rand credibly outed problematic Marxist economic policies in her book Atlas Shrugged, but she reserved her most lethal prose for those crony capitalists who use the aristocracy of pull to make money.

It is these billionaires that are tied to big Pharma, big war, big Food, who are now wetting themselves with the election results.

An “oldie but goody” Econ post from my Wordpress 2011 Archives!

HERE

So the President is going to propose a new economic plan after his vacay at Marthas Vineyard.

He should not waste the mental energy attempting to put it together, Ayn Rand has already done the heavy lifting on that topic by taking Collectivism in America to its logical conclusion with Directive 10-289 in the chapter Miracle Metal of Atlas Shrugged.

Ayn used Fiction to help her readers understand what Marxism “Looked Like” in real life by creating fictional characters who could be played today by any of the secular humanists currently embedded in our National Government.

Barack, Tim, David, and Gene could easily play Mr. Thompson, Wesley, Eugene, Floyd, and Fred in the upcoming second installment of Atlas Shrugged, the Movie.  But the Prez and his Economic team are busy with vacations and writing even more talking points blaming all of the economic morass on tea party activists like me. And preparing a “really big show” for September takes a great deal of time…

Here is a quick synopsis of the  Economic Plan of the Marxist Looters and Moochers from Rands book: (I really think to be congruent the President and his Economic Advisers should just bite the bullet and publish this plan as the logical next step.)

Jenny Hatch

From the Freeper Online Book Club: Atlas Shrugged

“Head of State Thompson meets with his economic brain trust: Wesley Mouch, Eugene Lawson, Jim Taggart, Dr. Floyd Ferris, Orren Boyle, Clem Weatherby, and Fred Kinnan, who is head of Amalgamated Labor of America. They are discussing Directive 10-289.

Wesley Mouch is upset that people are not sufficiently motivated to cooperate; he needs more power. Weatherby points out that the economic climate is deteriorating rapidly. Lawson says the people lack the proper social spirit, they don’t understand that production is a duty and that there is no such thing as a personal life. Thompson, the realist, says to make sure the Mainstream Media is on board. Ferris brings out an old George Washington quote about wise and honest men and disparages it as out of date.

Fred Kinnan says this is about jobs; he suggests forcing employers to increase their payrolls by one-third. Jim screams that he wouldn’t have any use for the extra men. Kinnan says it’s not about use, it’s about need, and need trumps profit. Jim is insulted by the word profit, but he thinks there might be room for agreement if the railroad can increase its rates. Orren Boyle says he can’t afford it, and Jim says that public need trumps Boyle’s profits. Boyle says no one can accuse him of ever making a profit! Boyle can absorb a rate increase if the government increases his subsidy, but Weatherby accuses Boyle of running a black hole for government money. Thompson says to go ahead with the directive, and he’ll widen the state of emergency. He leaves the meeting.

Mouch sums up. Deterioration of the economy is so great that the best solution is to freeze everything in place and hold the line. Freedom has been given a chance and has failed; stringent controls are necessary. He reads Directive 10-289.

1. All workers are bound to their jobs and can neither leave nor be fired under penalty of one year in prison. The Unification Board, reporting to the Bureau of Economic Planning and National Resources, possesses judicial authority. All citizens upon turning 21 must register with the Unification Board which will assign them jobs in the best interests of the nation.

2. All businesses must remain in operation and cannot close under penalty of nationalization and confiscation of property.

3. All patents and copyrights are to be gifted to the government by the use of voluntary Gift Certificates. The Unification Board will license those processes to all applicants to eliminate monopolies. All brand names and private trademarks are abolished.

4. No new inventions shall be produced or invented. The Patent Office is suspended.

5. All business establishments will produce the same amount every year as they did in the Yardstick Year, to be enforced by the Unification Board.

6. All citizens must purchase the same amount of goods every year as they did in the Yardstick Year, to be enforced by the Unification Board.

7. All wages and prices are frozen.

8. All cases arising from this directive are to be decided by the Unification Board.

There is agreement that this will provide security, although Jim gets a bit hysterical. Lawson says to hell with the little people; man’s mind is the source of all the problems in the world. Ferris says that genius is superstition, there is no such thing as the intellect, and man’s brain is a social product. A genius hoards ideas that rightfully belong to the society from which he stole them. Thought is theft.

Fred Kinnan brings them all down to earth. If the Unification Board isn’t owned by organized labor, the whole deal is off. Boyle says that Kinnan is trying to get a stranglehold on every industry in the country; Kinnan smiles and agrees. If Wesley Mouch agrees to let Mouch and Kinnan control the board, Kinnan can get the union membership to swallow the rest. Jim thinks the country won’t stand for it.

Kinnan laughs and says that if there aren’t rules any longer, then it’s about who robs whom. Kinnan controls the votes of his membership. He knows he’s delivering his people into slavery and they know it too, but they also know Fred Kinnan will throw them a crumb once in a while. If they’re going to be under a whip, they would prefer that Kinnan wield it. He knows he’s a racketeer and his people know it, but they know he can deliver the goods. Mouch gives in.”

Miracle Metal discussion at Free Republic.

*I was banned from Free Republic without even a goodbye kiss the week that Rupert Murdoch experienced the most Humbling Day of his life, when I persisted in attempting to publish this report linking Murdoch to Genocidal Depopulating Vaccines.

No hard feelings guys, I know that my constant drumbeat the past eight years dissing your wives for their epidurals and prozac and your kids ADD meds and vaccines was somewhat annoying, but Rupert and his cronies at The Partnership for New York City have hell to pay for what they have done to humanity.  

He likely has a few freeper mods paid well for sending certain threads down the memory hole & banning loud mouthed bloggers who get a little too close to the truth and if a freedom loving health care blogging Mom gets thrust out of the conversations of the day because I talk too much about certain taboo subjects…well, WHO WILL NOTICE?

Just remember that when 60 % of young couples are infertile, the C-Section rate tops out at 96%, and 75% of our children are drooling in autistic straitjackets, somebody was trying to blow really hard on that whistle.

XOXOXO Jenny Hatch*