HUMAN ACTION versus INHUMAN ACTION
Freedom of Informed Choice versus Collectivism and Central Planning
My Response to Four Scenarios
Today, I received an essay from a friend who was postulating possible scenarios that may explain policy positions for Pierre Poilievre, the newly anointed leaders of the Conservation Party of Canada. Understand that my friend did not interviews Pierre but he has followed a string of statements made by Poilievre since his election and has interpret their possible meaning.
As a longtime Libertarian who has studied Economics at the University of Toronto and who has also learned about PRAXIOLOGY (the study of human action), I have some comments to make on the 4 possibilities presented below.
For those of you who are unfamiliar with Praxiology, it is a term created my famed Economist of the Austrian School, Ludwig von Mises. (https://en.wikipedia.org/wiki/Ludwig_von_Mises)
The Austrian School predated the London School (John Maynard Keynes is acknowledged as is first “Keynesian” economist who assigned central governments into a key role on national economies via ‘tax and spend’ fiscal policies) and the Chicago School (Milton Friedman is considered the father of “monetarism” who envisioned the Central Banking system, combined with fractional reserve banking operations at every lending institution, to play a key role in managing the swings in the national economy).
Today, both London and Chicago ‘schools’ are the bedrock upon which all central economic planning is performed. Virtually every graduate with an Economics degree has been schooled in the fiscal and monetary tools wielded by central government and banking authorities to “tame the
animal spirits” of misbehaving economic actors.
Prior to the creation of the Federal Reserve Banking system in the USA, (https://www.investopedia.com/articles/economics/08/federal-reserve.asp)
the US$ was backed by gold. A dollar bill served as a ‘warehouse receipt’ which was redeemable in an amount of gold of equivalent value. As such, it could not be conjured out of thin air as is money today.
On the gold standard, inflation was virtually nonexistent. The real economy was made up predominantly by producers and consumers. Governments were primarily engaged in law and order activities. Public institutions were small. Taxation was minimal. The only meaningful economic activity of any volume was comprised of voluntary trade between consumers and producers using the only medium of exchange (the US$) that was redeemable in gold. This was praxiology in it’s heyday as explained in Human Action.
With the above in mind, here are my comments in italics.
The Conservatives understand economics, but they're offering reduced taxes in the near term (throwing the accepted definition of fiscal policy out the window and claiming precisely the opposite) to win votes and seize power? The Conservatives only understand modern Keynesian Economics which is backed by monetary policies of the Chicago school. If Conservatives were serious about protecting Canadians from inflation and the excesses of Big Governments, they would adopt Praxiology as the Economic framework to underpin all government operations. See www.Mises.org for access to the world’s best source of study on the Austrian School of Economic Thought.
The Conservative don't understand economics, and are just as ideologically driven as the Liberals. Perhaps this really is just a battle between Neocon economic ideology and Neoliberal economic ideology, both claiming to have a way to make life better for everyday people? Conservatives (like Liberals, NDP, Green and Bloc supporters) understand that Canadians expect our politicians to spend liberally. To do this, a monetary system backed by ‘hard money’ (like gold) is unlikely to ever to be accepted by Canadians who have been spoiled by ‘fiat money” since Richard Nixon ended the last remains of the gold standard in 1971 by Richard Nixon. The reason why Libertarians will never form government is because we believe in ‘hard money’ and this would require a wholesale shift from a centrally-planned Keynesian economy to an economy based of the free market economic policies of Praxiology. Conservatives are a Big Government party who will never sacrifice their access to ‘fiat money by the truckload’ in favour of freeing Canadians from perpetual inflation and unchecked government expansion. One only needs to see the growth in size, cost and scope of authority of all levels of government to know for certainly that 1971 was the final step that enabled Big Government predators into our lives unimpeded.
Maybe everything is so convoluted and muddled that no one actually knows what's going on anymore? Bingo! As long as the ‘fiat money’ spigot keeps pumping out ‘free money’ for politicians and public officials to spend, they will continue to find creative ways to spend it and build their power bases in the process. With 3 levels of government to feed, the Bank of Canada and the federal Treasury have a monetary pipeline between them that is the proverbial “pot of gold” at the end of the rainbow to which only they have access.
Or maybe, the Conservatives are already preparing for a Post-Reset world, in which the Globalist didn't win (because the current monetary system has come to an end). Poilievre's economic ideas are more in line with Regionalism than Globalism, and this kind of language is heresy in our Globalized, New World Order, world? The Globalist institutions like the WEF, IMF, WHO, World Bank and all of the major Central Banks of the world - they are all driving us to a global Digital Economy that they will control under a One World Order. Its currency will be fully digital as will be the Digital Footprint of every citizen. The new Digital Monetary System will likely be a layered one that will use a blockchain (like Bitcoin, except that it will be controlled centrally) model for international trade settlements and FOREX transactions. Domestic transactions will continue without hard cash (no more loonies or bills) and be entirely debit or credit transacted. Make no mistake: the One World Order envisioned by Dr. Klaus Schwab will most certainly become our reality likely by 2030 and it will continue to evolve as new technologies emerge in IT, material sciences, every sciences, human sciences, nano sciences and more.
Central Planning is very impersonal.
It’s driven by data and their analyses usually performed using statistics and modelling. These are easy to manipulate and corrupt by people with the resources and knowhow. The largest and wealthiest institutions in the world - government and corporation - have a lock on those resources and that knowhow.
The decisions and actions that are derived from these processes are Inhuman Actions when compared to the very human actions between individuals and businesses performed on a voluntary basis.
The Platform shown at www.Libertarian.on.ca is one based on Freedom Of Choice and the principles of Praxiology. I hope you read it and spend some time thinking about it as a strategy to provide a bulwark against the One World Order that has one foot already inside your doorstep.
