I just hope that people do not like to be taken for fools. The thinking economist is somewhat disappointed that governments and central banks think that they can disguise inflation through the publication of misleading inflation statistics that leave out key sectors such as rising housing and energy prices.
Have the managers of your economic future lost their ability to think? Or are they deliberately misleading you in a dangerous game of monopoly promoted by people who know only to well what strings to pull and what economic forces to unleash. That is to their benefit and to the greater mal-distribution of incomes within your own economy. Think about it? Are you treated fairly as regards the housing and energy inflation?
This game of monopoly economics that governments are presently playing is highly dangerous and could result in your early demise. Don't think that you are immune to the social consequences of a bad economic game. You will lose as much as others will gain. If you think that you are a winner, either you have strings to pull, or you are fooled by randomness that will get you in the end.
What I am saying is that we all can lose as long as this mad game of using the housing market for personal political gain within your community continues.
Have the managers of your economic future lost their ability to think? Or are they deliberately misleading you in a dangerous game of monopoly promoted by people who know only to well what strings to pull and what economic forces to unleash. That is to their benefit and to the greater mal-distribution of incomes within your own economy. Think about it? Are you treated fairly as regards the housing and energy inflation?
This game of monopoly economics that governments are presently playing is highly dangerous and could result in your early demise. Don't think that you are immune to the social consequences of a bad economic game. You will lose as much as others will gain. If you think that you are a winner, either you have strings to pull, or you are fooled by randomness that will get you in the end.
What I am saying is that we all can lose as long as this mad game of using the housing market for personal political gain within your community continues.
Economists are Playing with a Force of Social Fire They Do not Understand
This is not something that the thinking economist realizes because the thinking economist has read history and understands the forces that precede wars. Look at how dangerous the situation in the Middle East presently is. Do you think land values are not at the root of the problems there. If the local governments want to push people into war they do it through the policies of their central banks, who forget that they are there to serve the whole people and not just the financial sectors who engage in the monopolizing of property.
In a world in which governments should be in power to support the interests of the whole of their whole constituencies and not just a portion, the strategy of central banks and their committees, or government cabinets or secretariats of economic authorities for allowing inflation in housing sectors of economies is socially destructive.
House prices as Measures of Inflation and Mal distribution of Incomes
It should really annoy you that in an election year in the United States, one of the richest entrepreneurs of that country proposes to anyone who listens to him that the fastest way to become rich is through property inflation and management. What he is describing is a socially destructive process that leads to or perpetuates what economists refer to as the Pareto distribution.
Yes, the father of fascist economic thought had it right, when he said that the distribution of income within all economies is socially destructive and harshly skewed. Now Pareto saw that a free economy tended to be unfair, especially in the distribution of incomes and wealth through property. Its obvious that the largest chunks of property are houses that people struggle day in day out to have and maintain.
What really gets a family is when the economic management is their community is so poor that it forces rises in prices to occur over a very short period rather than the long run. Seeing people in Cleveland deprived of their homes is heart wrenching. Do you watch what was going on in your community?
This compression of house price rises into a short time frame is what led to the socially destructive forces of the second world war that followed after the German inflation. Have economists not learned anything yet? Perhaps, the field needs to start training its students to think for themselves rather than absorb the garbage of theory that has no historical content. Do young economists not read history?
Monopoly Capitalism Through Property Ownership
Dah! Has anyone played monopoly recently? Don't you realize how socially divisive the game of monopoly really is? Have you not fought with your fiends and family after a game of monopoly.
The means of Controlling Inflation in Housing Sectors
It was the right wing economist Milton Friedman, the winner of the Swedish Central Bank's Nobel Prize, who proposed that the money supply should not grow by more than 2 percent per annum. Whatever his politics, Friedman was on the right track. The problem is that political economy, the social sciences and the instruments of economic management are not good bedfellows.
