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Celebrating this Land of Absurdity

Myths and Legends

“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago.

Uncompromising independence, rugged individualism, and unbounded personal freedom were once ideals essential to the American character. According to popular American folklore, they still are. We have some reservations.

In practice, the principles that gave rise to the great myths and legends of America died long ago. Freedom. Liberty. Independence. Limited representative government. Sound money. Private property rights. A humble and esteemable populace. Avoidance of foreign entanglements. Rafting down the Mississippi River.

Gonzo! Hunter S. Thompson, who had the theory that the truth is never told during the nine-to-five hours…

Money Sucking Vortex

These concepts, in reality, faded away from daily life over the last century like stars in the morning. Over the last 100 years Washington has become a sort of money sucking vortex. At the Capitol Building sits a cadre of legislatures and an army of staffers working up new laws to take your money.

New rules, proposed rules, and notices are published daily in the Federal Register. A quick read of the daily publication – presently about 80,000 pages – will enlighten and alarm you to the vast array of agencies, departments, and commissions and their vast array of daily nonsense.

What was life like before there were 180,000 pages of this stuff? How did people even survive?

“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. These great myths and legends of America died long ago. Freedom. Liberty. Independence. Limited representative government. Sound money. Private property rights. All getting more and more replaced by regulation. - Click to enlarge

At least we know there will never be a crash anymore. The financial system has been rendered perfectly safe!

With all these rules, it’s become near impossible to earn an honest living, and set aside a few bucks, without the IRS making a federal case out of it. Was overtime pay properly reported? Were company sponsored parking lot fees disclosed as taxable benefits?

At least we know there will never be a crash anymore. The financial system has been rendered perfectly safe!

“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. These great myths and legends of America died long ago. Freedom. Liberty. Independence. Limited representative government. Sound money. Private property rights. All getting more and more replaced by regulation. - Click to enlarge

Celebrating this Land of Absurdity

We’re not here to bemoan America’s devolution into absurdity. The truth bites.  So why adhere to it when it’s much, much more agreeable to believe myths and legends?

Thus for one day we’ll not grumble that our government is broke and our leaders are imposters.  Nor will we complain that an unelected committee creates digital monetary credits with a few key strokes and then uses it to make interest bearing loans to the government.  Instead, we’ll celebrate America for what it is.

In essence, America today is a land of absurdity where lunatics thrive and screwballs flourish.  It’s a place where freaks and weirdos succeed in symbiotic disharmony.  It’s a place where someone like Kim Kardashian can get rich by publicly behaving like an idiot.

Ways to make money in the US, AD 2016…

“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. These great myths and legends of America died long ago. Freedom. Liberty. Independence. Limited representative government. Sound money. Private property rights. All getting more and more replaced by regulation. - Click to enlarge

Of course, what must happen, will happen.  Obviously, it’s not our place to get in the way of destiny.Besides, all is not lost – just yet.  We can still say the President is a Dumbo eared doofus who wears mom jeans and throws like a girl without fear of being thrown in the hoosegow.  That’s liberty, after all, and we won’t take it for granted.

Actually… he’s a dairy farmer, sort of!

“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. These great myths and legends of America died long ago. Freedom. Liberty. Independence. Limited representative government. Sound money. Private property rights. All getting more and more replaced by regulation. - Click to enlarge

Cheers!

 

Charts by: StockCharts, George Washington University, George Mason University

 

Chart and image captions by PT

Full story here
About MN Gordon
MN Gordon
Making sense of the latest economic policy touted by the Federal Reserve or the U.S. Treasury is an exercise in befuddlement. No doubt about it, the economics trade is overcome with an abundance of nonsense these days. This is no coincidence. M.G. Gordon of Economic Prism looks to bring clarity to the muddy waters of economic policy.
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