Alt-Economics

These are the lies (alternate economics) that are told by Fake Economists of the left, and repeated by their rubes and polemics. These are alternate-reality economics that Fake Economists (usually leftist polemics) tell each other and their base. AKA Leftonomics. Never blame on malice that which is more easily explained by incompetence. But when you are an "expert" that knows the facts and repeat the fabrications anyways? Then malice (dishonesty) is all that's left. They know better. ℹ️ Info           ~ Aristotle Sabouni Created: 2019-04-02

🗒️ Note:
For more condensed summaries: Alt-Economics (small).

Alt-Science

Left

Right

If you listen to the left, nobody stands a chance of getting ahead because the system is rigged, and everyone who disagrees with them must hate people and want to hold them down. Every issue they touch is about dividing us (by color, gender or class/income), and trying to teach fear of not enough government protecting us from life. It's all about fear. Examples: -  ➕ 40 Hour work week The Broken Window Fallacy Financial crisis of 2007-2008 Government and Society Government made the iPhone Green Energy Income inequality Keynes Military industrial complex Minimum Wage New Jersey and the Economist Obamanomics v Trumponomics Rent Control Socialism The Great Depression Trickle Down Economics Unintended Consequences

The reality is that life is unfair. But do you want government to "redistribute" in the name of fairness, or do you think people should have free will? Countries that put politicians in charge of redistribution get stack-ranked by political pedigree, schools, victimhood status and things other than merit: opportunities for the non-connected evaporate. So it's not fair that some people start with more advantage... but it's more unfair to punish people for that... and have political thugs decide who is worthy of what.

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	Left	Right	Image
40 Hour work week	Unions (Community Organizing, Progressives, etc) gave us the 40 hour work week.	Henry Ford (Capitalism) standardized on the 40 hour work-week, most others had adopted it, and then the Federal Government created a regulation (FLSA) that said we should adopt the 44 hour work week for the very few remaining.
Carpool lanes	Carpool lanes are great, they reduce pollution, reward environmentalism, and make the world a better place	They wasted billions, reduced road capacity (increase pollution), decrease carpooling, increase injuries.
Financial crisis of 2007-2008	We were under-regulated by removing Glass-Steagall, and it was the greed of Wall Street that inflated the bubble, and under-regulation made the banks “too big to fail”, so the taxpayers “bailed them out” and gave them money for fat bonuses and sheltered them from any consequences. It was all the Republican or evil Jewish Greedy Bankers fault.	We had more regulations than ever in history, the crisis was created by bad regulations like CRA (Community Reinvestment Act) and community organizers inflating a real-estate bubble of high-risk toxic loans, when that bubble-popped, other regulations (banking equity laws and FAS-157) magnified the resulting credit crunch and froze financial markets. We LOANED the banks money to get their liquidity up enough (short term) to unfreeze equity markets, and once everything stabilized, they paid all the money back (there was no net loss to taxpayers). No one has ever explained how Glass-Steagall could have stopped it, or why it hadn't happened in Europe/Asia without them ever having Glass-Steagall.
Government and Society	The left/media often have this view that paying taxes, Social Justice, and many Social Services are "human rights". You can never have the right to someone else's property or labor. So the left will throw around, "un-American" to those that choose liberty over their view of balancing the Social scales, but their ideas are the ones out of touch with history.	Like it or not, the nation was built on the western awakening: that Nations were necessary evils (at best), and they were there to serve the people and protect their liberty (individual, religious, economic), from those that would encroach on it. That was what America was founded on. Telling someone what to do using governmental taxes/laws/regulations to bully them? That's un-American. Telling them fuck off when they try? Now THAT'S American.
Government made the iPhone	Government created the iPhone, not Steve Jobs or Apple, proven by GPS. (So says Pelosi).	Music Player = private. Cell Phone = private. Browser = mostly private. So government gave us what? GPS (Global Positioning Satellites) which was a Satellite implementation of a civilian idea... and it only augment one small feature of smartphones (positioning for maps). And it was still the civilian sector that innovated and made the technology affordable. The private sector pays for government, not the other way around.
Green Energy	The left believes in Green Energy: that it exists, it's cheaper, and could provide all our power needs, if we just embraced it.	Science says that Solar and Wind is unreliable, space inefficient and highly expensive if you remember to add in the costs of over-capacity, backup plants, and storage (for when they aren't working). The left hates cheap and reliable Greenest Energy: Nuclear, Hydroelectric and Geothermal.
Income inequality	Because of lowering tax rates on the top few percent, the poor and middle class has suffered, wages have stagnated while the rich got richer, and income inequality has grown so everyone earns less than they did 40 or 60 years ago, except for the top few percent.	Through accounting tricks the charlatans leave out non-accounted for benefits to prove a fraud: they don’t count social programs, adjust for family size decreases, non-income benefits, deferred income (retirement), lifestyle and free-time improvements, purchasing power increases, technological advances, IRS collection compliance/changes, income mobility, quality of life, and so on. If you omit all those things, then the poor have still gotten richer, just by not as much as the rich have. The problem is our far better lifestyles cost more money than the more modest one of yesteryear.
Keynes	Keynes was a Micro-economist who thought we could tax ourselves into prosperity. All of his Macro-economic theories were proven wrong by history, and explained why by Hayek. Since the left believes in Socialism and doesn't believe in history, they still think that real Keynesianism has never been tried.	Economists can't agree on anything, other than that Keynes was wrong. If it worked, then governments that spent the most would be the most successful. We could have spent our way out the Great Depression (it made it worse), Obamanomics would have worked (weakest recovery in history), there would have been a post-war depression (boom instead), there couldn't have been stagflation in the 1970, Communist China/Russia/Venezuela/North Korea would have been successes, and free'ing the markets of China/Russia/South Korea would have been disasters.
Military industrial complex	Ike (Eisenhower) warned us about the military industrial complex, and that the military was spending all our money. If it wasn't for the war-hawks, we'd be able to spend enough on social programs to make this a utopia: that's where all of our money has gone! You need to fear the military and military spending!	Ike warned about an iron-triangle, where politicians colluded with government and industry to dupe taxpayers out of their money and liberty. Today the poverty industrial complex (Social programs) are over twice as much spending as the military at the federal level (that bigger when you add state and local), and military spending as a fraction of our budget has come way down since Ike. Most of our money is being wasted on poorly administered wealth redistribution failures, and worse run Socialists Medicine, that not only didn't achieve their goals, but made the problems they touched worse.
Minimum Wage	Minimum wage hasn’t kept up with inflation, and we can just raise the minimum wage to give a “living wage” to the millions of working poor, with no negative consequences, it’s only been the heartless and greedy conservatives that refuse to allow this (because the less the poor have, the more they have). If it wasn't for Democrats the Republicans would make everyone wage slaves because they're only out to help the rich.	Minimum wage did keep up with inflation, most minimum wage workers are teens and elderly or part-time supplemental jobs, and there’s no one wage that would be equally fair in NYC and rural Idaho at the same time. Economists know that raising the minimum wage is the same as increasing discrimination against the least skilled or experienced: increasing the costs to hire, will reduce hiring (increase automation, offshoring, etc) and increase the cost of goods. The people championing minimum wage are failing to point out that if you un-employ many, to help a few, and drive up the costs of goods and services by more than you help, then no one is really coming out ahead.

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Economics The study of choice, scarcity, Social reactions to policies, and unseen consequences.

Terms We need to agree on what terms mean. This used to be easy, before SJW's/Marxists started Orwelling our language.

The Left Lies When the truth disagrees with your agenda, you can grow (change) or lie. The left usually chooses the latter.

The Left Lies When the truth disagrees with your agenda, you can grow (change) or lie. The left usually chooses the latter.

Anti-American If your org/agendas works against America, American Values, the Constitution, or rule of law, then that's anti-American.

Alt-Science This is a list of "alternate science": things that some claim is science, but isn't.

Econ101 This is basic economics (the stuff you should learn in College or High School beginners classes).

Basics Articles that are foundational (pretty basic).

Party of fear The lefts two biggest tools are envy, fear, and finger pointing to distract; used to manipulate their constituents.

Thought Crime George Orwell wrote his cautionary book titled Nineteen Eighty-Four about what progressive lefists would become.

Alt-Reality There are two different realities in America, what really happened, and what the non-sckeptical think happened.

Tags: Economics  Terms  The Left Lies  Left Lies  Anti-American  Alt-Science  Econ101  Basics  Party of fear  Thought Crime/tabs  Alt-Reality