Elite Deciders Versus the Freedom to Choose, by Bill Bonner

They know who should be running your life and it sure as hell isn’t you. From Bill Bonner at rogueeconomics.com:

YOUGHAL, IRELAND – Our subject this week is freedom.

“What is it worth?” is the question on the table.

“Not much,” is the answer from most of America’s intelligentsia. The elite, that is. It maintains that freedom should not be allowed to get in the way of What It Wants Now.

It wanted the War in Afghanistan… and for 20 years, it hijacked the nation’s wealth to pay for it – $2.3 trillion worth, according to the Watson Institute for International and Public Affairs at Brown University.

It wanted the War on Poverty, the War on Drugs, the War on Terror, the Wall Street Bailout… then the COVID-19 Bailout. All of these were sold as “investments” that would give us a better future.

What American citizen – however civic minded – would have willingly paid for these things? Very few.

And had they been good investments, they would have paid dividends. Instead, year after year, the money goes out the door and into the pockets of the elite… adding $27 trillion to the nation’s debt since 1980.

About the Elite…

And now, the elite is advertising even bigger “investments” – to change the planet’s climate… and bring equity (whatever that is) to all.

But the elite is running into trouble. Inflation is on the upswing. It will have to bring that under control by raising rates and curtailing its big-borrowing, big-spending, big-printing plans.

Can it turn around? Can it back off?

We need to do more thinking about “the elite.”

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