AN EXPLANATION OF THE FACTIONS  
 

[ DONATE TO RMN ] [ Archive Search Page ] [ RMN Reading Room ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

RMN is Reader Supported

Our Goal for
DEC 8 - JAN 5:
$1,450

Powered by FundRazr

Click Widget
or Click Here to contribute.

Checks & Money Orders:

Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44005


Users Online:
32

Who Founded RMNews?


Dewitt Jones' Video
"Celebrate What's Right
With The World"


"When the
Starships Fly!"

Listen at YouTube


The Theme for The Obergon Chronicles

Listen at YouTube


The Obergon Chronicles ebook


RUMOR MILL
NEWS RADIO


CGI ROOM
Common Ground
Independent Media


WHAT ARE
THE FACTIONS?


THE AMAZING
RAYELAN ALLAN


BIORHYTHMS

LOTTO PICKS

OTHER WAYS TO DONATE





RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS RADIO

______________

NOVEMBER 2008

Kevin Courtois - Kcbjedi
______________

Dr Robin Falkov

______________

Melinda Pillsbury Hr1

Melinda Pillsbury Hr2

______________

Daneen Peterson

______________

Daneen Peterson

______________

Disclosure Hr1

Disclosure Hr2
______________

Scribe
______________

in_PHI_nitti
______________

Jasmine Hr1
Jasmine Hr2
______________

Tom Chittum Hr1
Tom Chittum Hr2
______________

Kevin Courtois
______________

Dr Syberlux
______________

Gary Larrabee Hr1
Gary Larrabee Hr2
______________

Kevin Courtois
______________

Pravdaseeker Hr1
Pravdaseeker Hr2
______________

DECEMBER 2008

Tom Chittum
______________

Crystal River
______________

Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________

Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________

Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3

JANUARY 2009 ______________

Patriotlad
______________

Patriotlad
______________

Crystal River
______________

Patriotlad
______________

Dr. Robin Falcov
______________

Patriotlad

FEBRUARY 2009

Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies, Spirituality,
Home Schooling, Home Mortgages and more, in:

Rumor Mill News Reading Room, Current Archive

Central Planning: Nobody Possesses The Knowledge Needed To Grasp All Of The Ramifications Of Shutting Down One Business In Favor Of Another

Posted By: Swami
Date: Wednesday, 1-Apr-2020 14:24:00
www.rumormill.news/143483

There Is No Such Thing as “Non-Essential Business” as Our Commie Governments Will Soon Find Out (As Will We)

https://www.anti-empire.com/there-is-no-such-thing-as-non-essential-business-as-our-commie-governments-will-soon-find-out-as-will-we/

Nobody can predict what shutting down one part will do to the rest

Michael Maharrey 7 hours ago

As the coronavirus-induced economic lockdowns have tightened across the US, we’ve seen the emergence of a government-inspired fantasy – the myth of the nonessential business.

Government officials across the country have forced the closure of these so-called non-essential businesses while allowing “essential” enterprises to soldier on. Politicians and bureaucrats have developed arbitrary criteria to determine which businesses are and are not essential.

I say arbitrary because there is really no objective way to make such a determination.

In the first place, every business is essential to the owners and employees who depend on it for their livelihood. Try telling the owner of a “non-essential” craft shop that her business is non-essential when her mortgage comes due.

As I wrote last week, the economy is life-sustaining.

Looking at the macroeconomic picture, determining what is or isn’t economically “essential” presents us with the fundamental problem of central planning: nobody possesses the knowledge necessary to grasp all of the ramifications of shutting down one business in favor of another.

The economy is an intricately intertwined system. It is diversified across time and distance. One part depends on another in a symbiotic relationship. Production and distribution form a long chain of interconnected links.

No link in a chain is “non-essential.”

When you yank one link out, however insignificant it might seem, you destroy the entire chain.

That’s exactly what these government officials are doing with their arbitrary closure of “non-essential” businesses. They are destroying the economic chain. They may take solace in the fantasy that they are only shutting down that which is non-essential, but they fail to recognize their own ignorance.

Leonard Read traces the production of a simple pencil in his classic essay, “I, Pencil.” The story reveals the complexity of the economy and the power of the market by chronicling the production of a simple pencil. From the lumberjack who cuts down the tree that supplies the wood, to the trucker who drives it to the sawmill, to the oil rig worker who pumps the oil that fuels the truck, to the hundreds, if not thousands, of other people who directly or indirectly contribute to the production to the little pencil, each has a role to play and none is “non-essential.” Disrupting one of the hundreds of processes will reverberate through the system and could result in the pencil not being produced.

I, Pencil: The Movie

https://www.youtube.com/watch?v=IYO3tOqDISE

It’s hubris to think some group of people can micromanage an economy and determine what is or is not essential.

Of course, politicians excel at hubris.

We can debate the necessity of social distancing and economic shutdowns. Perhaps they are necessary in light of the pandemic. But we should also consider the price. Because the cost of shutting down businesses is high, both to the owner and employees who depend on them for sustenance and the broader economy that depends on them as key links in a long chain. And this is true whether governor so-and-so thinks they are “essential” or not.

Source: SchiffGold



RMN is an RA production.

The only pay your RMN moderators receive
comes from ads.
If you're using an ad blocker, please consider putting RMN in
your ad blocker's whitelist.

Menorah image

Serving Truth and Freedom
Worldwide since 1996
 
Politically Incorrect News
Stranger than Fiction
Usually True!


Powered
by FundRazr
Click Widget
or Click Here to contribute.


Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents

Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents



[ DONATE TO RMN ] [ Archive Search Page ] [ RMN Reading Room ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

Rumor Mill News Reading Room, Current Archive is maintained by Forum Admin with WebBBS 5.12.

If you can't find what you're looking
for using our RMN search, try the DuckDuckGo search below:


AN EXPLANATION OF THE FACTIONS