The Mogambo Guru: The Government-Based Economy

More words of wisdom from our ever-sensible and down-to-earth economics wizard pal, The Mogambo Guru
A one-year federal income tax holiday - Why NOT?

There is an interesting lesson in there for people who are stupid enough to allow a government to control the creation of money and credit which they will predictably over-issue, causing ruinous inflation in prices, and that lesson is “buy gold or die!” But for Junior Mogambo Rangers (JMRs) who have their official decoder rings, it is much, much more, as they have no doubt already deciphered the paragraph to reveal the coded message, “Buy gold, silver and oil right now ahead of the roaring inflation in prices that will come as a result of the inflations in the money supplies, and you will rule like kings over those who do not act as prudently as you, which will be most everybody you know because they are all idiots, and upon whom you will be able to inflict pain or pleasure at your sole discretion, but mostly pain, to punish them for being so stupid that they elected the morons who did this to us! Hahahaha!”

The Mogambo Guru
The Government-Based Economy
February 18, 2009

More words of wisdom from our ever-sensible friend and down-to-earth economics wizard pal, The Mogambo Guru. Here's the lede:

I ran across the essay “The Greatest Economic Stimulus Plan Ever! Part II” by Wayne Allen Root, which certainly gets your attention! He starts out saying that he’s looked, and “Obama’s solution for the current economic tsunami is more government spending in the form of bailouts, a massive trillion-dollar economic stimulus package, and ‘tax cuts’ offered to people who never paid taxes in the first place” which seems both starkly correct and a chance for me to use it as a springboard for a Mogambo Loud Damning Indictment (MLDI) of the Congress and Federal Reserve so that, hopefully, your first thought is, “Our outrage is so great that we should spontaneously arise into an unstoppable, unruly mob, go up there, drag those incompetent lowlife morons out into the street and beat the hell out of them all." [link added]

Read another clear-minded and timely full Mogambo writeup here:

• The Government-Based Economy

Reader comments are invited, as always.