A person acting out of panic and desperation doesn’t usually achieve the desired results. In fact he achieves results that are contrary to his best interest. Tragically our economy is in the hands of the panic-stricken supporters of Keynesian economics—the economics of inflation. And in their attempt to "stimulate" the economy they are acting with a confused state of mind. They have run amuck in their creation of inflationary money—inflationary money that spirals us down the hellish path of a hyperinflationary collapse.

Who benefits most from government interventionism? It certainly is not the "common man." In fact the fiscal policy of the Federal Reserve System and the United States Treasury benefits the "favored sons" of the financial sector. Our new "masters" of politics and finance have turned the old socialist theory that advocated "from those who have to those who need" on its head. It now reads "from those who need to those who have." And the masses actually believed that socialism and government interventionism were "soak the rich philosophies." Ha! It is evident that our "marvelous" economic planners embarked on their chronic government interference with the economic system to enhance the wealth of the power structure.

The Destruction of Wealth Policy

The hard-working, productive individual is the backbone of a prosperous economy. This is precisely why all so-called "beneficial" social programs are at his expense. It is difficult for parasites to confiscate non-productive people for obvious reasons. So they seek out the benefactors of all prosperous societies—wealth producers. They plunder them through inflation, taxation and other confiscatory measures—until these productive individuals vanish to "Galt’s Gulch" or tragically become extinct. You can be certain the day of judgment has arrived when the disappearance of the producers force the parasites to cannibalize each other.

What is amazing is the masses not only accept this abuse, but also support it. They have voted for democrats and republicans for generations even though these two political parties have relentlessly violated their liberty and freedom—and systematically destroyed their wealth.

I guarantee that the policies of the Federal Reserve System and the United States Treasury is confiscating much of the wealth of the hapless American citizen, The policy of massive bailouts—bailouts that are carried on the back of the masses—are rapidly destroying the American Way of Life. As the prophet Don McLean wrote and sang in his immortal classic "American Pie":

"So bye-bye, Miss American Pie.
Drove my chevy to the levee,
But the levee was dry.
And them good old boys were drinkin whiskey and rye
Singin, this’ll be the day that I die.
This’ll be the day that I die."

In the not too distant future, the once beloved Chevy will only live on in the recesses of our minds—a bittersweet memory. Our urge to once again drive a 57 Chevy and delightfully take a spin down that endless road of excitement and romance is a wishful fantasy, vaporous as a wisp of smoke, because the road is under the control of potholes—a potholed road that abruptly ends at a useless levee that borders a dried up river. Maybe in a fog of illusion we can relive what we once treasured as we saturate our mind and soul in whiskey and rye—attempting to eradicate our pain and sorrow on the day the economy dies. Tragically, for many it will also be the day they die—mentally and emotionally.

The Destruction of the World Economy

Our current economic catastrophe is a worldwide disaster. With the expansion of the global economy, most nations’ fortunes are interconnected. For example, a collapse of the production of consumer goods in China adversely affects the welfare of the American consumer. Another example is that at least for now, the dollar is the international currency. Unfortunately, the Federal Reserve System is committed to transforming it into "toilet paper" currency. Its members are Keynesians who have run amuck. Their inflationary policies, which amount to fiscal insanity, have grave implications for the international capital market.

Another serious consequence is that in order to satisfy our insatiable demand for short-term benefits we imported goods by exporting inflation. Once governments and individuals decide they no longer wish to hold onto to a currency that is rapidly losing value—a hyperinflationary collapse is inevitable.

I have no way of predicting when the world economy will unravel. I guess there is a remote chance that sound economic reasoning will take hold of enough people and prevent the collapse. However I don’t see sound economics anywhere on the horizon. And I don’t hear the distant beating of the hoofs of the horse bound Laissez faire economists riding to the rescue. Heck, people don’t listen to them anyway. They may as well be "ghost riders in the sky." Still, praxeologists are optimistic individuals who believe in persisting until they succeed. Even during the prevalent and realistic doom and gloom that pervades our great planet—we are happy and positive.

A Libertarian Revolution?

There is no going back. Not all the attempts of government planners can unravel the mess that their massive interventions on the marketplace have caused. The damage is done. It became evident in the early 1990’s—to even the dullest individuals—that socialism had failed miserably. Now in the year 2008 we can conclusively state that government interventionism has failed the test—just as the praxeologists of the Austrian School of Economics predicted. The *"Crisis of Government Interventionism" has arrived.

Fortunately, if there is life—there is hope. The rationally selfish individual lives life to its fullest. He uses the powers of his mind in an efficacious manner and achieves his goals and desires. He or she experiences the joy of existence daily.

Who possesses the best chance of surviving and thriving during an economic collapse? It certainly isn’t the irrationally selfish individual, who indulges in self-destructive behavior. It definitely isn’t the altruist, who consumes capital in his transfer the wealth schemes. These groups evade reality and must pay the price that nature demands from all reality evaders. It is the rationally selfish individual—the person whose thoughts, feelings and actions correspond to the facts of reality—who survives and thrives during the coming economic chaos.

Rationally selfish individuals are the leaders of a soon to be born Libertarian Revolution. They are its inspiration and its leaders. They possess the weapons of the founding fathers of libertarian philosophy. These potent weapons are the ideas of great libertarians such as Ludwig von Mises, Ayn Rand, Murray Rothbard, F.A. Hayek, Henry Hazlitt, Robert Ringer, Harry Browne, Nathaniel Branden and others too numerous to mention. My apologies to the unnamed defenders of liberty, freedom and property rights. One day their inspiration, along with the inspiration of the masters of libertarian philosophy, will shine as blazing beacon of light—that joyously guides us down the path of Laissez faire capitalism. All the world rejoices in an ongoing celebration of life.

*For a more detailed analysis see my article of the same name on ezinearticles.com or isnare.com.

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