If I told you that a ball rolls up hill, instead of down, you would probably say, “show me the evidence”. When I was a teenager, I used to go to Astro World in Houston, and one day I went into a wacky shack that had a tilted floor. Through optical illusion, the guide made us see a ball roll uphill. But the rational person says, “we know from experience that simply is not true”.
It is the same with economics, we know from experience that excessively high employment brings inflation. All economist agree here whether they are capitalist, Marxist, socialist, supply siders, or trickle downers. Yet the news networks keep going on about the great economy, and this week almost everyone agrees that the Fed is going to lower interest rates. Lower interest rates? That is something you do to kick start an economy. No one is proposing a solid alternative theory to explain this current economy. My conclusion is that, through the media, we are being forced to witness an “optical” illusion.
Einstein said that when an object approaches the speed of light, that time changes depending on which reference frame you are in. You really cannot effectively prove that because no one is ever going to experience anything close to the speed of light. Until you hit that speed, you just do not know. However, we have centuries of experience stating that high employment causes high inflation; and yet, the statistics show that inflation currently is falling.
We are presently witnessing high homelessness and violence in many of our major cities: LA, San Francisco, Chicago, St. Louis, Memphis, Cleveland, Baltimore, New York City. Our news stations report this; and then, in the same breath, say, “but our economy is the envy of the world”. Let us get one thing straight, people do not live in the street nor commit gun violence when they got a good job and money in their pocket. They sit at home, watch TV, and protect their future when the money is coming in.
Do not get me wrong, I want Trump to win the next election; but I also want to see things as they really are, so that our nation can fix these problems. When I was a kid, we used to say, “what you cannot see, cannot hurt you”. Yea right, try that experiment by driving down the road with your eyes closed for 10 minutes and see what happens. I do not want to be fooled by an optical illusion.