It’s often astonishing how much words and phrases can change meaning or have a different meaning depending on the time and place. “Money,” for example, used to mean a means of carrying out economic transactions, the consideration in a contract, or “all things transferred in commerce,” to quote Black’s law dictionary.
Today we have a short, but interesting video on what happened to the “great books” and why they seem to have disappeared from everyone’s education . . . and why no one today seems to learn how to think . . .
Again, this week’s news items are about what you’d expect in a world in which the Economic Democracy Act has not yet been adopted. Of course, you can read all about it by taking advantage of the $5 per copy sale on for The Greater Reset: Restoring Personal Sovereignty Under Natural Law. Or you can read this week’s news items:
Every week, it seems, brings another atrocity story out of Africa. For people outside Africa, it’s a news item, but for those in Africa, it’s a daily occurrence. Rather than sit around and say how terrible it is before going on to the next horror the news media delight in bringing to us, it may be time to do something about it.
“The death of democracy is not likely to be an assassination from ambush. It will be a slow extinction from apathy, indifference, and undernourishment.” — Robert M. Hutchins.
This week’s news items are about what you’d expect in a world in which the Economic Democracy Act has not yet been adopted. Of course, you can read all about it by taking advantage of the $5 per copy sale on for The Greater Reset: Restoring Personal Sovereignty Under Natural Law. Or you can read this week’s news items:
According to a recent news story, three-quarters of “middle class” (whatever that means) Americans can no longer afford to buy a house. This appears to be one step closer to one individual’s vision of Klaus Schwab’s and the World Economic Forum’s “Great Reset” in which, as one enthusiast put it, “You will own nothing and be happy.” The American dream used to be owning your own farm or business. Then it became getting a good job and owning a house. Now it's degenerating into getting a universal basic income and finding a place in a government housing project.
Today we have a real treat in store for you: a damning indictment of the American university system, it’s decay from a center of independent thought into a “folk institution.” It’s a good argument for Justice University:
Not much good is happening, unless you include the $5 per copy sale on for The Greater Reset: Restoring Personal Sovereignty Under Natural Law. The debt ceiling crisis has been “solved” by kicking the can down the road a piece (and we’re running out of pavement), Russia’s invasion of Ukraine has entered a new phase with Russia’s premature (from a military standpoint) and criminally insane (from a war crimes and humanitarian standpoint) destruction of the Kakhovka dam . . . in other words, business as usual. The solution to many of these problems can be found in the Economic Democracy Act, but no one seems to be considering that:
If you want to pass an economics test these days or become well-known in politics, you will accept without question the Keynesian doctrine that there is a necessary tradeoff between inflation and employment. If, however, you want a sound economy that operates for everyone instead of only a financial or political elite, then you will jettison the idea immediately.
Mortimer Adler defined natural law as the general code of human behavior and, because man is a rational creature, discernible by reason . . . although (as he also pointed out) not necessarily discerned, as human beings have free will and can act contrary to reason.
Most of the economic news this week has to do with the debt ceiling debacle, but there are other knavishly imbecilic events as well. (That’s our current catch phrase, by the way, so expect to see it a lot.) Naturally, a lot of these problems and others could be solved or at least ameliorated with the Economic Democracy Act, but that might actually work, so they run away from it as fast as they can:
A recent New York Times story related the horrors of dining out in today’s society. Bemoaning the high cost of food and the low level of service, the article went to great lengths to assert it’s point that it’s personal service and warmth that make the difference in whether people enjoy their dining experience. Lack of experienced wait staff, the pandemic, and a few other factors were cited as contributing to the problem. The high cost was virtually ignored, although the cited $200 for a simple dinner and drinks comes to more than four times this writer’s monthly food budget (food only, by the way. none of the other things you might get in a grocery store).
Okay, today’s podcast is very poorly edited, and you really should fast forward to minute 7 or so or you will fall asleep. Otherwise, an interesting series of presentations on George Mason of Gunston Hall, even if they don’t appreciate his full significance and his importance for the Economic Democracy Act:
Naturally, everyone expects the current debt crisis to pass and then everything will be fine until the next time and the politicians want to keep spending money that doesn’t belong to them and creating an impossible burden for future taxpayers . . . meaning us next year. They keep kicking the can down the road, but the can keeps getting bigger and bigger, and the road keeps getting shorter and shorter. What’s the answer instead of the Band-Aid? Adopt the Economic Democracy Act:
A proposal that has been making the rounds again is that the United States can somehow solve its debt problem by issuing trillion-dollar coins struck in platinum and use them to pay down the debt. While the proposal sounds marginally plausible if said quickly enough while moving walnut shells or thimbles around on a tabletop with a pea hidden in the crook of the presenter’s little finger — where we get the term “thimblerig” for a con man or other variety of sleight-of-hand artist — it falls apart of its own dead weight once the proposal is examined in the light of common sense and a little elementary bookkeeping.
On June 12, 1776, the Virginia Convention adopted a Declaration of Rights. This video gives some good information on Mason but leaves out a lot that you will find in Rutland’s biography and Rager’s analysis of the influence of Cardinal Bellarmine on Mason as well as Locke and Sidney. This is the core of the Economic Democracy Act:
Not too much different to report in this week’s news items . . . but then the powers-that-be keep making the same mistakes over and over. Everyone seems to be frantic about raising the debt ceiling, but no one is saying anything about doing something effective to eliminate the need for a ceiling in the first place, or why we need government debt. Maybe all that’s needed is a new approach to money and credit, such as can be found in the Economic Democracy Act, but that might be getting a little crazy for the powers-that-be that don’t want a solution, but a continuation of the status quo:
’Way back in the Stone Age, someone once asked a politician or a judge . . . or it could have been the person ahead of them in line at the supermarket . . . to define pornography. The answer was something along the lines of the individual couldn’t define it, but he knew it when he saw it.