34 votes

Question in my son's economics text

Question in Textbook:

Suppose that in the year 2029, the United States should fall into an economic depression worse than that which begain in 1929. If an eloquent political leader should demand the abolition of Congress, the nationalization of the stock market and major industries, and equal distribution of the national income, would you support him and his proposed changes? Why or why not?

Answer in Teacher's Guide:

Although many people would support this leader, those with a clear, conservative understanding of economics would not. The measures advocated by this imaginary leader of 2029 would result in a dictatorship and a command economy. His so-called "reforms" would result in the complete abolition of the nation's republican form of government; the resulting loss of the capitalistic market and private property would bring certain ruin to the nation's economy.

Change 2029 to 2014.




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yeah...ya gotta love the Common Core indoctrination curriculum

Because it's infinitely preferable that profits realized from speculation on a nation's resources go to a very small percentage of privileged capitalists while the resulting increased costs are apportioned to the end users/nation...you know, like how gas prices at the pump increase, due to speculation on futures and regulation of production. Distribution of national income from nationalized resources and industries is not the same as redistribution of personal income and can be considered separately...but hey, who likes income, anyway? Debt-slavery is sooo much better! oh...and let's not forget how awful it is to be associated with groups, anyway...ick, yucky, no nono

Remember that when the bedrock beneath your feet is fractured and a sinkhole swallows the home on which you're paying interest, because you didn't want to profit from the 'stuff' being extracted out from under you and your neighbors.

I do appreciate how the idea of equal distribution of national income is automatically associated with the abolition of Congress and totalitarian government, though; as if the United States could not possibly retain it's popular political system, while giving consideration to a more socialized economic system, supporting the growth of its middle class.

We MUST ALWAYS associate all socialist economic policy with Stalin or Hitler or Qaddafi or Hussein...er, Saddam Hussein, etc...'cause, remember, it's not like Germany built a thriving economy in spite of the Treaty of Versailles and international sanctions and boycotts, or Libya had one of the highest GDP in North Africa or anything.

Two words: Kingfish, Huey Pierce Long, Jr. & "Share Our Wealth"
Populist governor and senator, opposed the One Percent, announced intention to run for president in 1935 and, big surprise, one month later was assassinated by Dr. Carl Weiss.

As I understand it, in many

As I understand it, in many states, a huge chunk of the money derived from natural resources pulled out of the ground is given to the citizens/residents of that state.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

I'm only aware of one such program, the Alaska Permanent Fund.

I would be interested to learn about others.

More by Russell Kirk @ the Intercollegiate Studies Institute

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When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

I might add that

some liberals, socialists, etc. might not even support that under those circumstances. They've been getting their way gradually for a long time. Sure, it'd be the easy way to take advantage of a crisis, but it would inject further chaos into the economy, causing the socialist goals to get overturned and they wouldn't be able to avoid blame. Gradual and with the appearance of legitimate wins in a two-party system is the way they've been winning and only the most radical would not be satisfied with wanting to win faster. Of course, none of that matters if the right spin doctors get hold of the message.

Defend Liberty!

Good question. Good answer.

What school is using this textbook?

PEOPLE OPPOSING TYRANNY - Real Grass Roots!
Are you a POT or a PET - Person Embracing Tyranny?

Certainly not CommonCore

;)

"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." -- James Madison

Cyril's picture

Yes, good answer, for most of it

Yes, good answer, for most of it and up to the bottom line, inclusive.

But what I found the most revealing AND saddening part is the answer's opening phrase with "Although MANY people would support..."

This tells ME (us?) EVERYTHING I (we?) need to know about the epoch we live in... even from the point of view of liberty, in 2014.

Indeed, for, elsewhere otherwise, it's:

"Ave Caesar King Obama!"

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It's an A Beka published book called

Economics Work and Prosperity by Russell Kirk

We homeschool...soooo...we get to choose our textbooks...

The law cannot make a wicked person virtuous…God’s grace alone can accomplish such a thing.
Ron Paul - The Revolution

Setting a good example is a far better way to spread ideals than through force of arms. Ron Paul

AND what is the name of the

AND what is the name of the textbook?

SteveMT's picture

"The Agenda For The 21st Century: How Sheeple Should Think"

By Karl Marx2.0

Those who own the debt control everything.

Period.

beephree

Really. ...tell that to the

Really. ...tell that to the people that owned Ford and GM debt

Um, it was

GM and the late Chrysler Corporation that filed Chapter 11, not GM and Ford. Not trying to be a jerk, but it helps to know what you are writing about. Yes, Ford initially asked for money too when they were asking, but considering that the government is the biggest factor in all businesses today, how could they not want to avoid the competition getting an upper hand on them through government bailouts? Ford saw the strings attached and decided not to take the money.

What I find interesting is that the money that went to the US auto companies (not that I approve of any of it, even though the gov. caused the problems in the first place) was about 1% of the published TARP funding, but it seems to have gotten about 99% of the media coverage. Probably by design.

Of course, all foreign competition gets yearly "bailouts' in terms of healthcare costs subsidized by European and Asian governments (which the US empire helps allow to happen) unfortunately.

well......not to be a jerk either

The GM and Chrysler( you are right)bail out threw all bankruptcy law and allowed the unsecured creditors to leap frog secured creditors. This was allowed because the companies were playing fast and loose with their pension accounts during the good times. Back in the late 80's the USG saw this and did nothing the panicked and made every company bring there pension accounting up to fully funded status. Thats why the bond holders got screwed. If the bond holders knew this was possible they would have demand higher yields. It was Obamas payoff to the unions. I like the way you think.....the USG is an empire.....a dieing one!

ok

Some times my studding get the best of me

I am referrring to where the final buck stops.

All lending and debt is created by the Ponzi fraudulent Central Banks.

beephree

Cyril's picture

My non-child-safe answer:

My non-child-safe answer:

those who would support such a leader are, no doubts in my mind, the same who would like their rapist to use sand as lubricant.

Is that picturesque enough in words, or does it require a drawing also, dear teacher?

You're welcome!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

thats a more than valid

thats a more than valid answer!

Cyril's picture

Sorry if the above comment shocked anybody here.

Sorry if the above comment shocked anybody here.

I wouldn't blame anyone for disliking it. I am sincere.

But it's just when faced with insults to people's common sense and intelligence, be those insults disguised as school class materials or otherwise, the only violence I can possibly use to express my disgusted astonishment in reaction to that, is with words.

Of course, I leave the other kind of violence, in acts, to our dear statist do-gooder bullies and their servants.

Q.E.D.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Color me shocked

Didn't see that coming...

Pleasant surprise...

huh? Nice NOT to be totally appalled for once.

Change 2029 to 1913.

Command economy implemented, Congress serves creditors.

Congress as vox populi an illusion.

Free includes debt-free!

What text book is this?

What text book is this?

FDR's gold confiscation comes

to mind.

conditioning. The toughest

conditioning.
The toughest question I had to answer in grade school was reading comprehension for TAAS on some dumb short story about a young asian girl and a fish print her grandfather made her. It was literally 3 paragraphs long and I bombed it every time.

But look at me now, I'm reading Richard M Weaver, Acton, A.D. White and D.C. Stove.

School = Joke

Southern Agrarian

4th Reich, I keep telling

4th Reich, I keep telling people it CAN happen here. USSA, whatever.

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