Another great snip from the stream of reality known as FreeTalkLive.com.

This podcast of the 081209 show is an amazing tour through the convoluted mind of a human being, or maybe a human ising, or maybe ... shit, I don't know. This is just too good to pass up. Listen to the inner workings of one human mind as it tries to prove that up is down and sanity is insanity and economics is spaghetti.

It's really the last part that is why I post this here. This guy's view of economics is just... well, there simply are not words.

"If people are not paying their taxes I don't consider that peaceful."

Go here to get the show, then slide over to 1:10:15 and start listening. It runs to about 1:30:00 or so.

No need to kiss my ring, a simple humble bow to my greatness will be thanks enuf.

- NonE

I listened to that one, and while I think they did an OK job, they really don't have their heads well wrapped around the money thing. Their economic knowledge is poor, so they let that guy get away with a whole lot of lies and distortions, and they made a few of their own, either out of ignorance or confusion that were pretty frustrating to listen to.

Namely, the most disturbing thing was their failure to acknowledge that since money is means of exchange and a store of value, when you have already exchanged it for a certain amount of your labor or property, and then that value is arbitrarily changed by fiat, regardless of wether the ratio of money among people remains the same (like flat taxation or the printing press), wealth has indeed been stolen or destroyed, since you can no longer avail yourself of the full value of the money you received at the time of the transaction.

Also, since the government is always expanding the money supply, it is essentially pressuring you to spend your money now, discriminating against savers, and discouraging long term capital improvements unless financed by debt. Deflation, wherein a huge chunk of the money supply is removed by the collapse of debt, and prices move downward to accommodate people's actual supply of real money (not their access to credit) is a boon to the poor, and increases the value of cash on hand.

None of these points were clearly made and any of them would have gone a long way to countering this dude's economic nonsense.

Yes, I agree. Wayne's "points" were pathetic. But that doesn't take away anything from the fantastic performance of the caller. He was simply amazing.

- NonE