Wednesday, August 26, 2009
Is this blog an exercise in futility?
In light of the comment I just posted I am starting to wonder if I am not wasting an enormous amount of time and energy here and adding to the frustrations of others.
Oh, don't get me wrong...it has been incredibly gratifying to teach so many of you these concepts and watch how you've come to understand the truth in a way that now you have more knowledge and are more savvy than most of the highest economic policymakers in the world. Any of you could run Treasury or the Fed or be the main economic point person in the government and achieve full output and employment and create prosperity the likes of which we haven't seen in generations! However, it is frustrating when I think about the vast tide we are swimming against.
We cannot win. There is simply not enough time, resources and money in the entire world to change the belief system that so pervades our thinking and our policy now. For the moment I am optimistic only because a crisis of monumental proportions has forced us to temporarily suspend this belief system, but at some point when things start looking up, it will come back with a vengence and send us reeling once again.
Peter Schiff may become a U.S. Senator; Ron Paul...who knows? He ran for president and has a huge following.
And that's to say nothing of the David Walkers, Pete Petersons, Heritage Foundations and all the other deficit terrorists and gold standard zealots out there who hold enormous sway and influence over policy and the media.
These people believe that America is profligate, wasteful and off course to such a degree that she needs not only to be "corrected," but corrected in a way that will inflict a painful lesson. In their puritanical minds that is the only way that we will regain our true and proper path.
I feel afraid for my kids.
I just don't know if I can fight the fight anymore. I have spent so much time, for what?