By now, you know all about AOC’s Green New Deal and have probably been splitting your sides laughing. But I once again caution you not to brush her off lightly. The reality is that this she is probably going to be around for another 50 years or more, so it would be wise to take her seriously.
That’s right, I said 50 years. We know from experience that any Radical Left congressperson who comes from a Radical Left district has a lifetime job. Exhibits #1, 2, and 3 are Granny Pelosi, Dickie Durbin, and Chuckie Schumer, none of whom ever have to worry about being reelected.
So, while I don’t want to give AOC too much of my writing time, her meteoric rise to fame makes it unwise to completely ignore her. Of course, I have to be careful what I write, because I don’t want to be accused of child abuse.
That said, let’s all swallow our pride and take a cursory look at AOC’s latest SNL skit — the Green New Deal. The formula is simple: GND = SOC. SOC, of course, is an acronym for Same Old Crap, which is exactly what the Green New Deal is.
Green New Deal FAQ by on Scribd
That’s right, none of the ideas in the GND manifesto are new. It’s the same old crap (i.e., wish list) that the Radical Left has been spewing out for at least two hundred years — at least since the heyday of that drunken old lunatic, Karl Marx, and his wealthy sidekick, Friedrich Engels.
In other words, the Radical Left plays the long game. And make no mistake about it, the long game has always been about bringing Marxism to America and exterminating those immoral folks who stubbornly cling to their outdated beliefs in capitalism and individual sovereignty.
Which brings us to another Green New Deal formula: GND = RI. No, the “RI” doesn’t stand for Rhode Island. You guessed it, it’s Runaway Inflation. As anyone who isn’t handicapped by an economics degree from Boston University knows, no matter much you raise taxes, you will never bring in enough money to pay for everything for everybody.
So, what’s the solution offered by AOC and her green comrades in arms? Simply borrow whatever you need! Unfortunately, though this idea is appealing to low-information Radical Lefties, borrowing has its limitations. Do you really believe China will continue to empty its piggy bank to support the United States of Free Stuff? Of course not.
Enter the phenomenon of “monetizing the debt,” which is a euphemism for borrowing from ourselves by creating “money” with no inherent value. It’s a complete scam, of course, a criminal activity that ultimately leads to runaway inflation.
Throughout history, dozens of countries have embraced this scam, with the result always being runaway inflation. A handful of examples include Weimar Germany, Brazil, Greece, Argentina, Hungary, and, most recently, Zimbabwe.
Runaway inflation is more powerful than any invading military force, because it makes it virtually impossible to engage in everyday commercial activity. In a runaway inflation, businesses refuse to accept paper money in exchange for their goods and services, and people are afraid to enter into long‑term agreements because they have no idea what money will be worth in the future.
In a country caught in a runaway-inflation spiral, a final collapse of the economy begins when people start guessing at what future prices will be. This sets off a chain reaction where sellers increase prices even faster than the supply of money increases; i.e., panic eventually pushes prices up faster than government’s inflation of the currency.
It is at that point that government faces its last chance to avoid a total collapse of the economy. As the great libertarian economist Henry Hazlitt put it, “Every inflation must eventually be ended by government or it must ‘self‑destruct.’”
Worst of all, since very few people understand why their paper money is losing its value, the move toward a dictatorship begins to look appealing. And guess who loves dictatorships? The Radical Left!
On a more fundamental level, the question becomes: Why are people not able to resist the temptation to venture down the road to serfdom and runaway inflation? The answer is because they have no knowledge of either history or economics — not to mention the evolution of dictatorships — thus they are easy prey for a charismatic leader who promises them easy solutions to their problems.
When it comes to history repeating itself, I never tire of sharing one of my favorite Thomas Sowell quotes that perfectly sums up why people continue to be attracted to socialism, which is the driver of runaway inflation: “Everything is new if you are ignorant of history. That is why ideas that have failed repeatedly in centuries past reappear again, under the banner of ‘change,’ to dazzle people and sweep them off their feet.”
Austrian economist and Nobel laureate F. A. Hayek blamed the phenomenon of history repeating itself not only on ignorance, but on people’s stubborn attraction to self‑deception, to wit: “It seems almost as if we did not want to understand the development which has produced totalitarianism, because such an understanding might destroy some of the dearest illusions to which we are determined to cling.”
But whether it be ignorance or self-delusion — or both — the welfare state and its natural bedfellows, runaway inflation and totalitarianism, are the result.
Don’t get me wrong. I’m not suggesting that the Green New Deal has any chance of being adopted in its totality any time soon. It’s a childish manifesto that is likely to sink the Dirty Dems in the 2020 elections unless establishment Democrats are able to silence the crazy radicals in their own party.
Let’s get real: The biggest threat to humankind is not climate change. The biggest threat to humankind is progressivism, an Orwellian term intended to mask the endgame, socialism and/or communism. Progressivism is nothing more than a psychotic urge to control all aspects of life — especially the lives of others — which, if left unchecked, is sure to bring forth the dark forces of tyranny.
As to my little friend, Alexandria Moronio-Cortez, I’m sorry to have to break the news to you, but there is no climate-change crisis, there will never be trains that go fast enough to glide across the water to Hawaii, working folks will never be willing to support those who are unwilling to work, and free college tuition is nothing more than an Uncle Bernie fairytale. Oh, and by the way, in case you haven’t heard, the last presidential election was about getting rid of “massive government intervention.”
Now, don’t go getting all depressed on me, AOC. There is a silver lining to all this: Even if none of your socialist fantasies come true, in a free market you will always be able to buy a farting cow for emotional support.
Copyright © 2019 Robert Ringer
ROBERT RINGER is a New York Times #1 bestselling author who has appeared on numerous national radio and television shows, including The Tonight Show, Today, The Dennis Miller Show, Good Morning America, ABC Nightline, The Charlie Rose Show, as well as Fox News and Fox Business. To sign up for a free subscription to his mind-expanding daily insights, visit www.robertringer.com.