It is New Years Day and a good time to put up another seemingly off topic post. A new subscriber (long time blog reader) commented on my "generally non-dogmatic, no nonsense approach" to the financial markets.
But it is what he wrote next that caught my interest. He perceives me as more dogmatic and 'fixed' in the Libertarian/Conservative camp, which is how many financial analysts seem to be positioned. Running with that herd I guess would be his point.
I recall a time when I opened my mouth to poke some fun at Sarah Palin and promptly was served with a subscription cancellation from an indignant long term subscriber. Letting politics into the discussion is never a winner, especially for someone like me who is unsophisticated with regard to the workings of the political process.
Anyway, the Ron Paul controversy has brought a lot of us Austrian type finance kooks out into the light of late. I have ONE politically driving force within me, and it shows up as the reason I have supported Ron Paul. That is that we are living in Wonderland if we think that debt can continue to be issued on top of old legacy debt, levered up and spun as an economic growth stimulant. It is the height of insanity (and yes, societies can and do go insane) to think that more of what already killed us will cure us.
My reply, for whatever it is worth:
I do not see why someone cannot just be. Not be conservative, not be liberal... not republican or democrat. Just be.
So now happily, the blog goes back to a non political orientation where I am comfortable.
http://www.biiwii.blogspot.com
http://www.biiwii.com
But it is what he wrote next that caught my interest. He perceives me as more dogmatic and 'fixed' in the Libertarian/Conservative camp, which is how many financial analysts seem to be positioned. Running with that herd I guess would be his point.
I recall a time when I opened my mouth to poke some fun at Sarah Palin and promptly was served with a subscription cancellation from an indignant long term subscriber. Letting politics into the discussion is never a winner, especially for someone like me who is unsophisticated with regard to the workings of the political process.
Anyway, the Ron Paul controversy has brought a lot of us Austrian type finance kooks out into the light of late. I have ONE politically driving force within me, and it shows up as the reason I have supported Ron Paul. That is that we are living in Wonderland if we think that debt can continue to be issued on top of old legacy debt, levered up and spun as an economic growth stimulant. It is the height of insanity (and yes, societies can and do go insane) to think that more of what already killed us will cure us.
My reply, for whatever it is worth:
"Really Kurt, I am unhappy with both major political parties and do not consider myself Libertarian.
As a business person, I really do come at this from an economic standpoint. The Ron Paul support is definitely based on his frankness about the financial system. Always has been.
In some ways I consider myself more liberal than supposed liberals. [In] some ways more conservative (fiscal) than supposed conservatives. The only place I consider myself dogmatic is in the financial end of it. Fiscally, I will never be convinced that issuing debt on top of unpayable legacy debt for the appearance of econ. growth is a good thing.
And you are right about the changing world, and that is a sub theme in NFTRH. At least for when the time is right. Global leveling of the playing field [hat tip to Jon], which takes place over years and decades. Technology is also very important.
Thank you for your very insightful mail, and thank you for putting your trust in me for a subscription to NFTRH.
Regards,
Gary"
I do not see why someone cannot just be. Not be conservative, not be liberal... not republican or democrat. Just be.
So now happily, the blog goes back to a non political orientation where I am comfortable.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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