Blame Big Government

It’s July 21st and it has been too long since I posted new information here. But where does the time go?

Business is good for us but we'd like it to be better. We're getting more referrals and leads come in but the prospective clients are slow to move in the direction of invoice funding. These things require time and then there is the attempt to keep up with the financial news - the markets, oil and gas, gold, failing banks, the Fed and FDIC. This takes up even more time but I believe in order to protect yourself and educate others, you must be informed.

I’m an optimist at heart and look for the good in people and events. However I’m not a Pollyanna and when you look at the fundamentals driving the economy, one wonders when the next shoe will drop in what has been referred to as “the perfect storm.” So I’m certain that things will get a lot worse for the US economy before they get better. How’s that for PMA? Yes, there is light at the end of the tunnel but just how long is this tunnel anyway?

If the market manipulators have their way, the tunnel will be a lot longer but if the free market is allowed to correct itself, we’ll get over this illness sooner than later. When I refer to market manipulators I’m not referring to those people who speculate in the stock market. I’m talking about the Federal Reserve Bank and government regulators. Many free market economists point out that the problems we now face would not exist if the markets were left alone and not managed by the powers mentioned above. I certainly agree with that assessment. This is not a problem of free market capitalism but a perversion of the system overseen by our own government.

I suggest you inform yourself. Start by reading the booklet, THE LAW by Fredrick Bastiat, the great 19th Century economist. For a pdf version of this great little book click here: http://www.fee.org/pdf/books/The_Law.pdf.

In closing, I'll attempt to be better about keeping this blog updated with new information and if you would like to share your comments about the economy or Bastiat's little book, I would love to hear from you.