STAFF NEWS & ANALYSIS
Hillary’s Economic Proposals Will End in Despair
By - June 22, 2016

Hillary Clinton Makes Dire Predictions for Economy if Donald Trump Wins … Clinton Skewers Trump’s Economic Policy … Hillary Clinton, the presumptive Democratic presidential nominee, spoke in Columbus, Ohio, on Tuesday, criticizing Donald J. Trump’s plans for the economy. –New York Times

Every time a law is passed or a regulation is applied, it diminishes prosperity for some at the expense of others.

Voluntary competition and cooperation are building blocks of wealth.

Unfortunately, in the US today, major politicians don’t recognize any of this (with the exception perhaps of Rand and Ron Paul).

Politicians are sure that if they pass this law or change that regulation somehow things will get better.

This is why the New York Times is able to publish such an enthusiastic article about Ms. Clinton’s economic ideas.

She wants to use government to force people to do certain things. These things, she believes, will help everyone.

But they will not. It is economically illiterate to believe that if you force people to do something, that the outcome will somehow be beneficial to all or most.

Nonetheless, the New York Times seems to believe that price fixing can generate net positives. And Ms. Clinton certainly does.

More:

In her next scheduled public appearance, on Wednesday in Raleigh, N.C., Mrs. Clinton is expected to shift to a more positive message, outlining her vision for what she has labeled a “growth and fairness economy.”

Her plans include increasing the minimum wage, closing tax loopholes that encourage companies to move jobs overseas and expanding benefits for working families.

Clinton spent a good deal of time in her speech criticizing Donald Trump’s economic ideas. To the extent that Trump tries to force people to act in a certain way, he will create disincentives and reduce prosperity.

But that is Trump, not Clinton. Hillary of course has better ideas on how to manipulate the economy. And in her next speech, she will  make the argument that her ideas are better because they seem to benefit more people.

But if one looks over the history of economic legislation it should be clear that even the most aggressive leveling doesn’t really help anyone.

The US is some $200 trillion in debt, all in – and most of its citizens are in debt as well. Businesses are fleeing are others are closing. 100 million people don’t work in the mainstream economy.

This is the result of the kinds of actions that politicians have taken to create the “fairness and prosperity” that Hillary hopes to impose.

Forcing people to do certain things, no matter how beneficial it sounds, only creates price-fixes that ultimate impoverish everybody.

Monopoly central banking, price controls, minimum wages, social security, progressive taxation – all these were supposed to help people and provide wealth for those who did not have it.

But you can’t create lasting prosperity by redistributing wealth by force.

Unfortunately, that is what political elections are about.

Hillary – unless she is indicted and drops out of the race – will get a respectful hearing in the major media because her price-fixing ideas will be put in the context of benefiting the majority of voters.

But even a cursory look at the US economy should convince voters that trying to provide prosperity by force doesn’t work.

It’s an elite dominant social theme. Elites love wealth distribution because they usually control who benefits.

It would be funny if it weren’t so sad. Ms. Clinton and others will go on talk shows and give speeches on ways to create prosperity. But what won’t ever be talked about is that such prescriptions are fundamentally warnings to wealthier people.

These warnings suggest that some people will have to give up yet more wealth so others can benefit. And they will threaten people with imprisonment and worse if they don’t obey.

Like other “progressive” politicians, Ms. Clinton sounds well-meaning but really her proposals – the proposals of almost all politicians – suggest using the power of government to steal from some to give to others.

This is not a “platform.” It is malfeasance.

There is an entire rhetoric that has sprung up around political dialogue. The fundamental force is never acknowledged. The price-fixing is never grappled with.

But this is the fundamental flaw of modern democracy. It has turned into an argument over ways to justifying stealing.

The stealing is known as “policy” but it is nothing price-fixing, and price-fixing only distorts and misaligns resources, thus impoverishing everyone.

Conclusion: At root, like all political “policies,” Clinton’s proposals will  promise increased wealth but won’t deliver. They will end up making people poorer and more miserable. Her foreign policies are even worse, emphasizing force and continued US warring. The combination of elevated, domestic theft and increased, organized violence abroad is her “platform.” People won’t understand until it is too late.

Posted in STAFF NEWS & ANALYSIS
  • Sven

    Hillary is a danger to all mankind.

    • Dimitri Ledkovsky

      That’s the only reason for listening to her. When it’s clear that’s she about “to push the button” somebody will have to be there to take her out.

  • it doesn’t matter

    This is written so well that I immediately forgot all about Hillary! Excellence!

  • alaska3636

    Hillary is a great economic forecaster. She made a lot of money selling cattle futures in Arkansas. With no prior experience.

  • Bruce C.

    Another potential irony is that if Trump is successful in convincing voters that Hillary is an accomplished thief, she may may get more votes.

    I hope not, but in this upside-down perverse culture the perceived better thief may be considered the most likely to throw a bone, and that seems to be what’s it’s all about with most people. I mean, “nobody” doubts that “high level” Ivy-League educated business people think like that (aka “crony capitalists”) so why wouldn’t everybody else? (Fortunately, I don’t think it works that way.)

    We have to hope that Hillary’s vileness ultimately comes through and repels people. Fortunately this election is still 5 months away and I actually think that benefits Trump. Hillary is such a known and boring and vulnerable and flawed candidate that she is bound to wither by attrition. The sound of her voice (never mind her laugh) is grating, and people are already getting sick of it.

  • SteveD

    “STAFF NEWS & ANALYSIS” (aka “Anthony”) imagine themselves more intelligent, more virtuous, and more hard-working than everyone around them. They have vague or feigned empathy for others, but they’ll still cheer wildly when the never possible pipedream of a totally “free market” STILL continues to crush all but the very rich. Daily Bell adherents are simply 1% fetishists, nothing more. Bellsters, you’d have better odds on joining the “club” via the lottery.

    (‘Voluntary competition and cooperation are building blocks of wealth…’…not even CLOSE! Even a child knows this statement is complete bull.)

    The Daily Bell continues to believe the lies that [1] money is physical and limited, that [2] the U.S. government runs on loans and on tax revenue, and that [3] the U.S. government has a $200 Trillion “debt crisis.”

    (Unfunded liabilities…The Bell’s always falling back on the same old retread nonsense. FACT: With just miniscule increasing economic output (1% > GDP/yr), abundant real resources will exist in the future because of the adequate PUBLIC and private investment of today and through the rest of this century. These available resources will make the “unfunded liabilities” totally manageable…those liabilities are always forecast out 75 years so the ignorant can shudder in fear when they see really big numbers like uh, $200 trillion…ooh, so scary…have you EVER heard of something called CONTEXT…probably not if you are doing nothing more than fear mongering.)

    They (TDB) have to believe the above lies [1],[2],[3], or else they couldn’t claim to be VICTIMS OF BIG, BAD GOVT and of course THE POOR, because TDB falsely imagines that the “fallout” from abusive laws and regulations is only supported through the confiscation of their private property… TDBers are simply self-absorbed crybabies, I say.

    People like (Anthony) are what should be referred to as of peasant mentality, a mentality which is imbued with lies, hate, selfishness, and self-righteousness. Such people will never accept the real truth about money, since they cherish hatred above anything else.

    • Mr. Wile is no longer affiliated with the Bell. We are a libertarian publication and as such do not advise that people turn to government and monopoly money printing to ensure their prosperity. It’s never worked in the past. It won’t work now.

  • Pilgrim

    When people form a government, the intention is to create an authoritative body that will rein in law breakers. Government, by definition, has no authority or power over the righteous. “Regulation” is a tool of government to increase the scope of their authority by creating more law-breakers by creating more laws. The more regulations, the more people fall under the heavy hand of government’s purview and the more agencies are needed to administer the ever-increasing number of regulations.

    Legislation increases regulations, regulations increase government’s power, size and scope increasing government intrusion into the lives of people.

    Proverbs 28:2 says “For the transgression of a land many are the princes thereof”. Since the 14th amendment, government has increasingly burgeoned beyond constitutional limits in the creation of bureaus agencies and departments issuing codes, statutes and rules, imposing fees, fines and penalties.

    Government is not a helping hand. Government is a bludgeon. Government is force. Ayn Rand in her essay, “Man’s Rights” (1963) wrote: “There are two potential violators of man’s rights: the criminals and the government. The great achievement of the United States was to draw a distinction between these two – by forbidding to the second [government] the legalized version of the activities of the first [private plunder].”

    It seems that line has been erased.

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