‘From where Winston stood it was just possible to read, picked out on its white face in elegant lettering, the three slogans of the Party:
‘WAR IS PEACE ‘FREEDOM IS SLAVERY ‘IGNORANCE IS STRENGTH’
1984, George Orwell
‘How would you,’ author and libertarian megaphone Robert Meyer writes, ‘like to predict the consequences of economic policy at least 90% of the time?
‘Here’s how you accomplish this marvelous feat.
‘When a politician or establishment economist claims a certain policy will produce a certain result, use contrary reasoning. Believe it will produce the opposite result.
‘You’ll amaze everyone with your phenomenal success rate.’
As you probably know, politicians and their friends in the media are masters of smokescreens. And one of the most powerful ways they build their castles in the sky is through the art of the ‘doublespeak.’
Not too far off from what you’ll find in George Orwell’s 1984.
Whenever you hear any of the following buzzwords, you can safely assume the actions to follow – whether intentionally or unintelligently – will produce the opposite result. Courtesy of Robert Meyer…
ONE: Positive change = negative change
TWO: Stimulating the economy = inflation and reduction of wealth
THREE: Creating jobs = eliminating jobs
FOUR: Saving jobs = eliminating new employment
FIVE: Too big to fail = penalizing profitable business, preventing new business creation
SIX: Easy credit = more debt and malinvestments
SEVEN: Beneficial regulations = more restrictions on your personal liberty and freedom
Despite the convincing rhetoric that surrounds them, these seven ‘doublespeak’ terms are more dubious and dangerous than ever. Never before has more been on the line. And it’s never been more important that you see through the fog.
Because it gets worse. And the lies get bigger.
That’s why, today, with much help from Meyer, we’re going to destroy three of Big Government’s biggest illusions.
Since you’re an astute reader of LFT, you’ve probably already broken through these illusions and uncovered the truth.
Even so, the status quo paints a pretty convincing mirage. And the media relentlessly spreads the seeds of illusion. For that reason, a refresher every once in a while is always a good idea.
This is precisely why, over the weekend, I picked up Robert Meyer’s book 7 Destructive Economic Illusions Conquered.
From that book, I’ll share three destructive Big Government illusions – and allow Meyer to destroy them, right in front of your very eyes.
Here are the three illusions:
ILLUSION #1: Government Interventionism Improves the Marketplace
ILLUSION #2: The Government Ought to do Something
ILLUSION #3: ????????
With that, let’s jump right in…
This post was published at Laissez Faire on Jul 7, 2015.