What use to be conservatism is no more, replaced by conservatism that’s adopted the same premises and tenets regarding government of its supposed enemies. From Bill Bonner at bonnerandpartners.com:
GUALFIN, ARGENTINA – As the quality of government declines – from Jefferson and Adams… to Dubya and The Donald – the observer needs a broader sense of humor.
Where he used to titter over a bon mot… or smile wryly at a double entendre, now he can only give a hoarse laugh, like a half-wit watching The Three Stooges.
For now, there’s not even a single entendre. It’s just mud wrestling and pie throwing.
Conservatives held their big jamboree last weekend. We sent our own eyes and ears.
“There was hardly a conservative in sight,” he reported. “There were no Ron Pauls here. No Eisenhowers. No Howard Buffetts. Certainly no Thomas Jeffersons.”
The essence of traditional conservatism is humility, doubt, and cynicism about what government can achieve.
Activists, on the other hand, think they can use the feds’ muscle like a ball-peen hammer, to knock the country into whatever shape they want.
But conservatives doubt that civil society is so malleable. In nearly every proposal, they see ugly dents, not a smooth and elegant new shape.
“Balance the budget… and mind your own business,” said the old-timers.
But there was no mention of either at the CPAC (Conservative Political Action Conference) shindig.
The importance of this observation from our financial standpoint is that the country needs conservatives. It used to count on them to keep the books in balance.
Conservatives were wet blankets, reliably voting “no” to expensive schemes and deficit spending.
“There was some talk about smaller government,” said our informant.
“But nobody wanted to touch the reality of it – challenging The Swamp by cutting back government spending. And while people seemed to be in favor of bringing the troops home, nobody really wanted to confront the military arm of the Deep State. I heard no proposals that the Deep State wouldn’t like.”