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Tax and Spend Liberalism versus Hyper-Inflation

by Brent Herbert Monday, Dec. 01, 2008 at 1:38 AM

Indirect Taxation of packrats

It has been my decision to intervene in the currently unfolding crisis situation in the hopes of helping to manage the crisis and avert a disaster, for it is true that disasters are not inevitable and can be averted for such disasters involve making choices and people have disasters when they choose to do so or, to put it better, when they become reckless and start down a ruinous path. Someone might say, ‘who the hell are you that you would attempt to intervene in a crisis,' and my reply would be that I am someone who does not wish to join you people on some toboggan ride down some slippery slope. However since I am also stuck as a passenger on that sleigh ride if you go down the slope that means that I am going with you, and since I am determined not to make the trip, that means that you people might find me sticking pins into your ass. The way I see it is that at the very least I can make sure that no one is sitting down but rather that everyone rides the toboggan standing up because they have pins stuck in their arses.

Taxes I do not wish to back our politicians into some corner from which they cannot escape or they may become very reckless. After having stuck some pins into the arse end of our politicians it seemed good to me that they could then spend time standing up rubbing their sore back sides. However enough of that. Now I think it is time to have a reasonable discussion about taxes as opposed to deficit spending.

The capitalist economic system causes people to live their lives in a constant state of anxiety and the only people who can ever free themselves from chronic fear are those who successfully become pack rats and make themselves a pillowy cushion and a feathered nest. Once people have feathered that nest and stuffed a cushion they can sit on to ride out any storms, naturally they become ferocious little pack rats, which creates problems for politicians when politicians find themselves in a crisis situation where they need to raise money to stimulate the economy. Such pack rats do not feel the need for any stimulation for they have enough stashed away to ride out any great depression, or so they might think, and therefore these type of people are usually the most ruthlessly laissez faire in the attitudes towards managing the economy. Just let it go bankrupt they cry out. Let the natural business cycle take its course.

Of course such people can do quite well during a great depression, while everyone else is going through absolute hell. My great grandfather was one such frightened pack rat and was a successful farmer who never spent a dime but rather constantly pack ratted away dimes, nickels and even pennies so he could be prepared to ride out the next disaster. You see, people know that capitalist economic system and so the very nervous and prudent sorts are found devoting their entire lives to first pack ratting money and then spending even more of their energy furiously guarding their pack ratted pile. My great grandfather had the opportunity to become a very wealthy real estate magnate during the great depression when entire swaths of the downtown business core were up for sale the price of a song, and could still find no buyers, but the pack rattery instinct prevented him from making the deal and becoming fabulously wealthy when the great depression ended and the price of real estate in the downtown core sky rocketed.

Out politicians are in a bad spot because they need money to stimulate the economy and they are confronting some of these really ugly characters, the furious pack rats of capitalism, who right now have all of the liquidity of the world hidden under floor boards and stuffed inside of mattresses as they follow a ruinous policy of driving the rest of the planet over the edge of a precipice, while dressing up that reckless conduct as a moral crusade to prevent the thievery of a pack rats private owned pillow cushion.

Now one thing that such pack rats should be concerned about, as our politicians go about borrowing huge and fantastic sums of money, and then find themselves required to run the printing presses to get even more money, is that under capitalism, this policy can eventually lead to hyper-inflation. Hyper- inflation has certain advantages in that it wipes out those monster debts. It also wipes out pack rats, for while those pack rats thought they were saving every dime, nickel, and penny in their packratted pile, it turns out that what they were actually doing was wiping themselves out, for at the end of it all, those jealous, furious packrats pursued a policy of giving the capitalist economic system no choice but to completely wipe out and destroy the pack rat population in order to save the overall system.

Someone should explain these things to the packrats of the world, and should it be neccesary to bring in hyper-inflation later to destroy the packrats and save the overall system, because those reckless clueless furious fulminating packrats refused to pay taxes, then I say so be it. I know capitalism. If worse comes to worse and the chips are down, capitalism will destroy those packrats. Its happened before, and when the chips are down it will happen again. Someone should make that clear to those laissez faire packrats before it becomes necessary to once again destroy those ruinous packrats of capitalism by bringing in some more of that hyper-inflation, which seems to be the direction we are heading right now.

Hyper-inflation is just an indirect method of taxing laissez faire packrats and then changing them over to the policy of liberal welfarism in one hell of big hurry, which is what happens. We can see something like this happening right now in Iceland, although in a more controlled manner as it does not yet cost one million dollars to buy a loaf of bread in Iceland, and might only cost about ten dollars right now.

I also believe that it is ruinously reckless to put a bullet into the auto industry, and refuse a miserly 25 billion dollar bailout, since this will set off a cascading sequence of falling dominoes, and would wipe out any supposed job gains coming from that Obama plan. According to some estimates the deflationary spiral could even wipe out as many as 15 million jobs, and a bankruptcy declaration might even have the effect of setting off another one of those unpredictable global tsunamis, which we don't need right now.

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