Interesting points about what the procession of Harvard Business School elites has wrought on the American economy were made on Tucker Carlson Tonight. Making them was Duff McDonald, author of The Golden Passport.
Nothing in the interview was said about the baleful contribution of John Maynard Keynes’s credit and consumption-based voodoo economics on the entrenched thinking at Harvard Business School, and on world political establishment. (That’s not to say Keynes’ “politically inspired economic theory” is not covered in the book. It could well be.)
Because consumption is its be-all and end-all, consumer confidence is crucial to the Cult of Keynes. If the consumer is not crazy confident—even when he ought not to be—goes the “thinking,” he’ll quit consuming until he drops. In short, Keynesian economic animists hope that the holy spirit of “confidence” will enter the once bitten, twice shy lender, and make him lend. The same spell is supposed to mysteriously move the unemployed and penniless to spend.
In his wonderfully learned book, The Failure of the ‘New Economics, Henry Hazlitt summed-up the essence of Keynes’ General Theory: “The great virtue is Consumption, extravagance, improvidence. The great vice is Saving, thrift, ‘financial prudence.'” Duly, Keynes’ acolytes in all administrations are always vowing to make credit flow “the way it should.” Never mind that “all credit is debt,” and that, in Hazlitt’s words, “proposals for an increased volume of credit are merely another name for proposals for an increased burden of debt.”
Hopefully for the French, Marine Le Pen will become their next president, will keep all her promises, and shame President Donald Trump into keeping his.
If a President Marine Le Pen’s Front National keeps the promise to withdraw from the EU and the euro, perhaps the POTUS will be shamed into revisiting his promises about NATO. Remember those?
If a President Marine Le Pen’s Front National keeps the promise to end mass immigration; perhaps the POTUS will be reminded to keep his promises about the defining issue of our time: mass immigration.
Here’s hoping. After all, POTUS doesn’t like to be upstaged.
“I will protect you,” Le Pen vowed April 18. “‘My first measure as president will be to reinstate France’s borders,’ Le Pen said to wide applause and cheers from the crowd of about 5,000, prompting the Front National’s (FN) traditional ‘This is our home!’ chant.”
If she wins, Le Pen should certainly abolish France’s anti-speech laws, which saw her prosecuted for comparing Muslim street prayers to the Nazi occupation of France.
Billionaire businessman Marc Cuban insists that the H-1B visa racket is a feature of the vaunted American free market. This is nonsense on stilts. It can’t go unchallenged.
Another billionaire, our president, has ordered that the H-1B program be reformed. This, too, is disappointing. You’ll see why.
First, let’s correct Mr. Cuban: America has not a free economy, but a mixed-economy. State and markets are intertwined. Trade, including trade in labor, is not free; it’s regulated to the hilt. If anything, the labyrinth of work visas is an example of a fascistic government-business cartel in operation.
The H-1B permit, in particular, is part of that state-sponsored visa system. The primary H-1B hogs—Infosys (and another eight, sister Indian firms), Microsoft, and Intel—import labor with what are grants of government privilege. Duly, the corporations that hog H-1Bs act like incorrigibly corrupt rent seekers. Not only do they get to replace the American worker, but they get to do so at his expense.
Here’s how:
Globally, a series of sordid liaisons ensures that American workers are left high and dry. Through the programs of the International Trade Administration, the Export-Import Bank, the Overseas Private Investment Corporation, the International Monetary Fund, and other oink-operations, the taxpaying American worker is forced to subsidize and underwrite the investment risks of the very corporations that have given him the boot.
Domestically, the fascistic partnership with the State amounts to a subsidy to business at the expense of the taxpayer. See, corporations in our democratic welfare state externalize their employment costs onto the taxpayers.
So while public property is property funded by taxpayers through expropriated taxes; belongs to taxpayers; is to be managed for their benefit—at least one million additional immigrants a year, including recipients of the H-1B visa, are allowed the free use of taxpayer-supported infrastructure and amenities. Every new arrival avails himself of public works such as roads, hospitals, parks, libraries, schools, and welfare.
Does this epitomize the classical liberal idea of laissez faire?
Moreover, chain migration or family unification means every H-1B visa recruit is a ticket for an entire tribe. The initial entrant—the meal ticket—will pay his way. The honor system not being an especially strong value in the Third World, the rest of the clan will be America’s problem. More often than not, chain-migration entrants become wards of the American taxpayer.
Spreading like gravy over a tablecloth, this rapid, inorganic population growth is detrimental to all ecosystems: natural, social and political.
This article is spot on. The insane importation of h1b workers from India by Microsoft and Amazon has changed the Seattle area beyond recognition. The author’s contention that each visa is just a meal ticket to move the whole clan over is spot on. Everywhere you look in this area, trees are being cut down to make room for more development. All new homes now have 3 levels, with a finished basement intended for the grandparents who moved here to take care of the grand kids while both parents work, since Obama also allow the spouses of H1bs to work. Indians are taking over all the jobs in this area. Every new home buyer is either Indian or Chinese, both move the whole clan over. All the schools here are now at least 50% Asian, some are 90% Asian, esp. the elementary schools.
We need a 20 year moratorium on immigration, not just the H1b but its close cousins, H2b, H3, H4, J1, OPT, L1 and the EB5 all need to be cancelled for 20 years. Immigration is the colonization tactic of the 21st century. The US is being colonized by the third world. Most of the Mexicans and Asians are wildly liberal and vote Democrat, esp. the Indians. Republicans are dead if they continue to allow this stream of migration. They need to wise up in a hurry and stop this third world invasion.
“Wouldn’t the real libertarian response to this be an immigration system unregulated by government and depended on economic necessity?”
MY REPLY: “A clear-thinking libertarian addresses reality. Would I like to see a world governed by private property? Indeed. Until that happens—if—I am obliged to address the reality I addressed in the column and call out the bluff of the H-1B visa by pointing to the existence of the 0-1 visa. I am not advocating for these systems; I’m illustrating how the immigration industry—corporations, lawyers, lobbyists and other clientele—stick it to American workers. I hope you are not suggesting that instead of addressing reality, I pontificate about my purist preferences.”
Check out this paragraph in the Daily Mail. I did not read beyond it.
… it was noted that the star either went of his meds completely or starting taking less once the Keeping Up With The Kardashians star started experiencing anxiety after her robbery that left her bound and gagged.
Judge Andrew Napolitano’s juvenile style: “What if, what if, what if” times 12. WTF! A good editor would’ve demanded a rewrite.
UPDATE (7/22/019):
No, @JamesTrejo1945. But if you tweet, “LAYING on the bed, now,” instead of, “LYING on bed now, and LAYING tiles later on”—I’ll have a petite fit. ? Or, if you write, “I LAID on the ground,” instead of “I LAY on ground”: You’ll make me miserable.
