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  Submitted by Liberty ...  Our nation has gone through it's up's and downs. Periods of rapid innovation and period of war and periods of stagnation and ( i never thought I would ever say this) like now under the new way of governance , a period of defeatism.

I have always thought of our nations economy like a household of smart children. Some thinkers, and some doers and workers. And yes even some Thinker-doer
-workers. All with a Mom and Dad who had to budget their needs. Their are times when a couple of the children had some great inventions they would come up with and took them to market. The family would flourish and the other children would have work because of it. Mom and Dad would serve steaks & Eggs for breakfast and everyone got a new bicycle. Dads budget had lots coming in and lots going out.

There were also times when those new inventions got old and people didn't want them anymore. The money stopped coming in and Dad had to adjust the budget. Everyone eats toast for breakfast and the bicycles were sold for money for clothing and shoes. And because Dad knew if he didn't keep things real lean his family wouldn't have the incentives to think big again the family would sit around at night remembering the steak they used to eat and the nice rides they had and try to think of some new invention that would be needed by everyone, something that would take-off and be a big success because Dads slow-time budget didn't even have room for toilet paper. Bang, brother Al cam up with an idea and off to market they ran with sister Becky running behind asking " whats a telephone ? ". Dads Good-time budget replaced the slow-time and guess what, the new bikes have banana seats and stingray handle bars.

This nation since it's beginnings have gone through many ups and downs. Just thing at what happened when the car was invented or the phone or plane or " whats a PC? ". This nation was had rapid increases of revenue that expanded rapidly. The problem was when we stopped having more than just the Good-time budget.

In a nation that will spurt up and then spurt down we will always have irregular and cyclical revenue streams. The ability of everyone to adjust the spending to adapt is what defines our economic cycles. All things are judged by our GDP and when that move everything has to move with it. The private sector under the free enterprise / market system will always self adjust just like Dad did. In fact this happened in the 1946 when everyone was riding the " government must keep giving the surfs fake money or all will fall" bandwagon. It wasn't that depression that hurt us but it was that depression that saved us. It proved that a welfare state wasn't necessary and the free enterprise system was all that was needed. Unfortunately the new deal wasn't dismantled and we have had to work around it ever since. When left alone It will always provide the incentives and adjustments to bounce us out of all the downs ( depressions) we have and will always knock us of all the tops when we get to high. Eisenhower was known for just managing the economic status quo and primarily leaving well enough alone. The free enterprise / market system left alone took care of the rest. We have had what seems to be depressions off and on all through out our history. They are a standard part of how it works. The only thing that has ever made them great was when the government got involved and the system wasn't aloud to be free and use it's built-in incentives and adjust. Just how Dad's did.

Because of politics and the acceptance of popular politics we now have just the good-times budget and in the slow times they just borrow money.

I think it began with the rapid influx of European emigrants at the end of the late 1800's brought more to this nation than just are hard working ancestors who were just looking for opportunities and freedom. Along with the good came some negatives that would eventually mesh it's way into society. Our European ancestors brought with them their ideologies they were raised with. Their political and economic ideologies wasn't checked at Ellis island. In Europe they we under communism, socialism, fascism and after all since Europe was built-up of mostly monarchies the ideology many don't even consider or even heard of may have been the most damaging of all because it's the one that is a pre-requisite to the acceptance of a tyrannical form of government and that's " serfism ". The acceptance of a royal family being of a higher class or more special than ones self. We now have our politicians elevated to kings and their popularity is more important than their skills. They no longer do what is right but just what is popular. They would never have a slow-time budget and sell the children's bikes.

That's what has brought us to this moment. No longer do we have responsible citizens who will manage their government but we seem to have plenty of surfs who want the government to manage them. They are even ok with them having crowns and doing whatever they want.

Hey here is a interesting look at the 1946 DEPRESSION. CLICK HERE.