Classical Capital appreciates
classical economic principles and applies them in
analyzing and forecasting outcomes of public policies. Ideally, this
involves a search for facts, application of principles and judgment,
and contests among merits of ideas. But neither the United States nor
presents ideal conditions for human advancement in this 21st Century,
Government actions on monetary policy and economic
growth are based more on powerful private influences than a sense of
responsibility towards popular well-being. If you are concerned with
and you subscribe to the ethical creed of earning capital in proportion
to productivity, welcome to this workplace.
Economic policies of
the U. S. government importantly affect social and financial outcomes
for individuals in this nation and around the world. Classical
economics provides the best means for analyzing and forecasting
implications of policies on outcomes, so people affected may be better
informed of the merits of competing policies and more effective in
influencing their design.
Ordinarily economics undertakes to explain effects of policy and practices relating to fiscal (taxing and spending) and monetary (currency management) matters on prosperity and employment. In 2009, both fiscal and monetary considerations in the U. S. are in stressed conditions of historically unprecedented proportions. Yet, even in such dire circumstances, the priorities of analyzing implications of particular fiscal and monetary actions are overshadowed by the urgency of understanding and dealing with the overriding cause of the crisis: the aggressively ruthless domination of U. S. government by financial mercantilism.
In November, 1933, President Franklin D. Roosevelt wrote that every U. S. government since Andrew Jackson had been "owned" by the financial sector of certain portions of this country. Those are the financial mercantilists whose power, capital, technology and influence have expanded so radically during and since FDR's presidency. They dominate the Federal Reserve, the U. S. Treasury, the Congress and every federal regulatory agency. In 2008 and 2009, they exploited U. S. financial markets and public revenues in manner and degree as yet undisclosed to the public. Their effects on financial markets and the private economy are so pervasive that they must be viewed as the fundamental macroeconomic element to be evaluated. This will likely consume the primary portion of analytical efforts for the foreseeable future. ~