For most of human history, the wealthiest people in the world maintained a standard of living inferior to some of the poorest working people in the developed countries of today.

Using numbers from the Maddison Project, Host Andrew Smith, guide's listeners through the economic productivity history of the past 2000 years, from 1 AD to 1700 AD productivity among the most productive country of each the time, didn't even double. From 1700 to 2010, economic productivity EXPLODED. The average person in the most productive country in 1700 (Great Britain) produced the equivalent of about 6 loaves of bread per person. By 2000 that productivity had increased 19 fold, and the average person in the US (the most productive country at the time) was producing the equivalent of 112 loaves of bread per day.

Meanwhile in countries with tyranical, oppressive governments and collectivist economic policies have not only lagged behind the rest of the world, but in some cases, still maintain a per person productivity measure in constant dollars LESS than the Ancient Empires (Roman, Greek, Persian, Ottoman, Byzantium, Spanish, British, Prussian and Nordic). The war-torn Congo for example, has a per person production measures that is equal to about a single loaf of bread per person per day.

As of 2014 Public Employee Pension Assets had nearly $788 Billion in Direct or Indirect Equity Investments in both publicly listed and privately held investments...

Does anyone believe that Government's DON'T try to prop up the businesses owned by funds that ultimately fall on taxpayers to make up differences.

The levels of cronyism and corruption we see throughtout all levels of Government, in large part, is driven by the ownership of these same companies by the public employee pension funds. If the companies go bankrupt, and the pensions become insolvent - cities and states could find themselves unable to pay the pension liabilities. Mayors, Governors, City Council Members, State House Members, and Federal Government's elected officials are not Naive to this fact. If they are I PROMISE the CEO of the companies, whose equity they own, remind them everytime they lobby for a favor that'll push competition underwater permanently.

Corporate subsidies are welfare for the wealthy - but they have many devastating effects - furthering barriers to competition and allowing underemployment and less valuable uses of real scarce resources to continue...

Tonight we debunk the logic behind corporate subsidies and then discuss the misunderstood history of Capitalism in the United States 

Listeners will get some historical context of the subsidy and, for those of you that don't have the ammunition will gain it to destroy your leftist friend (or enemy) the next time they say "without out subsidies companies will fail"!

Mainstream Economic Theory is driven by the old Broken Window Fallacy - Increased Aggregate Demand Despite It's Productivity or Lack Thereof Must by Stimulated.

The keynesians, as a result have made some of the most ridiculous declarations that one could imagine. From Keynes himself advocating the government bury money in bottles deep in coal mines and let people go dig them up - to Krugman advocation deception of the public and a false threat from aliens as a way to justify massive deficit spending to stimulate aggregate demand, despite it's wastefulness.

Tonight we discuss the basic logical fallacies, we discuss the flaws in aggregate demand theory and we close out discussing WHY, fundamentally, private savings and investment as a result of overproduction, that is each individual producing more than they consume (or household), is what leads to real, sustainable, strong economic growth.

Tired of Being Called a Roadist?

Tune in Tonight 

TheMacroView Episode 14: Muh Roads - Without Government Who Will Build Them?

*Preview of the Ammunition You Will Receive*

Federal & Local Government Taxes for The Roads Cost Drivers in Los Angeles about $800 a year each - a total that reaches into the $10s of Billions of Dollars Annually. 

The City of Los Angeles Spends about $155 Million Per Year (about $1.00 per daily Driver on the Downtown - Santa Monica I-10 daily drivers and about $77.5 per year for ALL Drivers in LA that Drive DAILY)...

Statists that Tell you We Couldn't Pay for the Roads just Don't Understand Entreperneurship and Worse - Don't Understand the Tragedy of the Commons as Compared to Private Ownership.

Tonight I pay Tribute to My 'Road Hating' Liberty Lovers by Arming them w the Logic, History & Numbers Needed to Destroy the Next Statist that Accuses them of Being a Roadist!

Social Security is a Ponzi Scheme Through and Through and The Market Solution is FAR Better Anyways... Tonight We Level with the Those on both the Right and the Left who just Won't Accept the Truth!

Social Security is the largest intergenerational heist in the history of the world. Over the Next 2 decades, individuals aged 15-45 will transfer $40 TRILLION of wealth to people aged 46 and Older Today!

Back on November 7th, Host of TheMacroView Andrew Smith Published a Whitepaper length blog post at MacroViewNews.com (Link Below) - Detailing a way that those counting on it will get it, those younger than 45 will have the burden reduced and will have private accounts/longevity insurance purchased in the private market.

This is not a Radical Idea - the Proposition elminates the majority of the burden within the next 10 years, and turns the private sector lose with the life blood of progress, savings and investment.

http://www.macroviewnews.com/themacroview/fellow-millennials-lets-privatize-social-security-over-the-next-50-years

One of the most effective Statist strawmen is the “Greedy, Selfish Person that just wouldn’t voluntarily help the poor”. For those that believe this is the norm throughout civil societies, they have decided the State should be trusted to reallocate private property to the poor. Practically speaking, the implemented solutions basically combine class feudalism, job rationing (through minimum wage and regulations), false hope (through affirmative action and the higher education scam) and a small pittance with many strings attached (welfare). These policies are millennia old and have failed the most vulnerable members of society, low-skill impoverished adults and their children, for just as long.

Libertarians (small and big L) have failed in backing up their pitch that while self-interested, rationally, nobody achieves their maximum satisfaction isolated in a tunnel, and happiness, being the end goal, is thwarted by humanitarian crisis and tragedy. It is the reason that politics mobilize so many millions of people – even though cycle after cycle voters get nothing but empty promises and less personal & economic freedoms. Billions of individuals actually genuinely DO care about these things, pursuing happiness is extremely difficult for the vast majority of people if and when suffering is all around them. Its why in 2015, US Citizens donated over $358 Billion to charities, already approximately 35% of the revenues government takes in through social insurance taxes.

The median corporate profit margin in the US is 7.5% - in the Pharmaceutical Industry it’s 16%. There’s a reason for that. In the US there are essentially single company monopolies on specific drugs and the FDA protects them. In other countries around the world, the same companies have to charge a significantly lower price, why you may ask? Because there are 9 to 10 companies producing the exact same drug, competing with each other. In the developed world, the US has among the highest health care costs, and the mainstream media and politicians blame it on the big bad greedy capitalists. Instead of explaining that the health care industry, not just pharmaceuticals, the entire industry is a crony industry built around subsidies and access to Medicare patients, at the federal and state levels.

That money comes with a lot of strings. If you check out the links at the bottom of this blog post attached, it goes directly to the federal register search for economically significant rules and regulation for two different federal agencies, FDA and Health & Human Services. The FDA in particular is an atrocious bureaucracy that would rather let people that have diseases with NO Cure die than to allow them to consent to taking risky experimental drugs that, you know what, just might save their life.’

The FDA also as a matter of doing business, doesn’t like to, for whatever reason, approve multiple versions of the same drug if there is no reason to, and just showing an identical chemical compound doesn’t get you throw trials – rather the FDA has taken approach of allowing a single company a monopoly over specific drugs. In some cases, lifesaving drugs. 

Tonight on TheMacroView Host Andrew N. Smith discusses why this is so dangerous

Politicians have a lot of empty promises, but the basic logic of the "Keeping Homeowners Afloat + Affordable Housing" mutually exclusive dual mandate for politicians is dangerous, tonights episode, host Andrew Smith discusses why, and the recent measure that his home city, Los Angeles passed, to once again move further in the WRONG direction.

Basic Logic debunks their claims, from an efficacy and possibilities standpoint, unless they maintain mystical powers that none of us know about, but it doesn't stop them. Keep passing laws that restrict or place barriers in the way of land owners to allocate their land resources to the REAL market's highest and best use, and you will keep getting the results that you are. There are some very simple reasons as to why home prices are becoming more and more unaffordable for the common person, all of them are government, and yet the voters keep asking them to have more control and more power.... At what point to we say, you know, nothing that they claim to want to do actually happens. At what point do we realize that laws aren't virtue signals for things you don't want to spend too much time thinking about. Laws create definite consequences on actor, we all are actors, and these laws create incentives for actors in the real estate development market to service everyone EXCEPT for those that the bleeding hearts claim to want to help when voting for this BS. TheMacroView Destroys the claim that government needs a hand in the housing market with logic, statistics and history in a Jab - Jab - Duck - Uppercut knockout of the Statist agenda for housing!!!

With the Republicans Dominating the elections in every single branch of elected government except the Senate (which they maintained a 1 seat majority in) Rand Paul Becomes the Most Powerful Person in Washington in the Biggest Win for the Liberty Movement Ever!

But there are battles to be fought and an intellectual war to be won. At the center of it are the Wealthy, the Powerful, the Well Connected as another example and as the Left prepares to put forth a formidable opponent that adopts the full Bernie Sanders platform, the likes of Bill Gates Arrogantly Calls for Socialism to Solve Climate Change.

With the 'intellectuals' and 'social elite' all in line and urging the government to take control and force people to do what, in their mind, 'individuals are just to stupid to do on their own' we've got a long road ahead