Freedom: A Review of Goyette's Red and Blue and Broke All Over
States of America in 2012 exhibits the characteristics of a nation
in terminal decline. Her capital city is a den of iniquity and a
seat of corruption. The economy continues to wilt under a barrage
of bewildering regulations, corporatist manipulation, rent seeking,
and reckless government spending. Washington's finances are in a
shambles and the only way it can pay its bills is with money it
conjures out of thin air. Comparisons to the last days of Rome are
surveys this mess in his new book, Red
and Blue and Broke All Over: Restoring America's Free Economy.
The book's title pretty much sums up the author's analysis of 21st
century America. According to Goyette, the country's bankruptcy
has been a bipartisan effort.
inescapable conclusion is that both parties are to blame. Einstein's
oft-cited observations that no problem can be fixed from the same
consciousness that created it applies to the deflating promise
of America. The restoration of the American dream will not occur
as long as the political discussion remains constrained by the
old voices of the Republicans and Democrats who marched us into
our present economic morass."
Dollar Meltdown, a New York Times best seller, was
primarily concerned with increasing government spending and how
it is destroying the purchasing power of the dollar and thereby
impoverishing the American people. In Red and Blue Goyette
tackles the broader issue of long term economic decline, arguing
the country's financial problems are a symptom of the moral and
intellectual bankruptcy of its political establishment. Goyette
avers, "Mesmerized by state authority, and blinded by their
own partisanship, few authors, analysts, and commentators active
in the public debate realize that both parties worship in the same
statist church and share obedience to same economic priesthood."
Blue's message is that freedom works and statism doesn't. If
left free and unmolested, people will establish spontaneous, self-organizing
systems which create prosperity. This is the theory of human action
which asserts people naturally seek to improve their circumstances
and they don't need to be regulated, monitored, or whipped into
shape by bureaucratic overseers. Goyette writes, "Only by understanding
the bankrupt philosophy of statism and replacing it with the philosophy
of freedom will a return to prosperity be possible."
may be bothered by the author's iconoclasm, for in making his case,
Goyette smashes cherished idols of both the left and right. Hawkish
conservatives will likely take exception to Goyette's criticism
of the warfare state and his description of the United States as
a "military empire." Bleeding heart liberals will take
umbrage at his criticism of the domestic welfare state and his support
for a genuine free market, which the author contends is the only
true path to prosperity.
not pull any punches in his criticism of the current economic system.
He even uses the F-word: Fascism. The fascistic nature of the U.S.
economy has been obvious to keen observers for decades although
most have preferred not to use that word.
In a section
of the book called "The Wormhole Express," Goyette details
the revolving door relationship between Goldman Sachs and the U.S.
Treasury. That such an arrangement is a conflict of interest is
obvious but when Goldman Sachs is the beneficiary of multiple decisions
taken by high level government officials who are former employees
of that well-connected firm, the system's utter corruption is laid
This is not
a Democratic or Republican problem. The continuity between the Bush
and Obama administrations proves as much. The Bush administration
waged bankrupting elective wars and arranged for the largest corporate
bailout in our nation's history. The Obama White House has pushed
through its own series of corporate bailouts and continued to wage
undeclared and unnecessary wars. As the rock group The Who sang,
"Meet the new boss, same as the old boss."
Americans are serious about restoring their prosperity, they will
have to take a realistic look at Republicans and Democrats, who
have been managing (or mismanaging) our political and economic
affairs for generations now. Economic orthodoxies have been held
in common by both parties. These doctrines have advanced in Republican
and Democratic administrations and prevailed despite the control
of Congress and being handed back and forth."
is the continual growth of the warfare/welfare state. The country's
sprawling national security apparatus costs more than $1.2 trillion
per year, much of it financed by debt. The federal government's
myriad social program and transfer payment schemes are equally unsustainable
and will end one way or another. In the meantime, out of control
government spending stifles economic growth by wasting scarce resources
and piling on more debt which is rolled over through the inflationary
mechanisms of the central banking system. The whole system is based
on perpetual inflation and debt.
Blue is an ambitious effort, covering such varied topics as
economics, history, philosophy, economics, foreign affairs, and
politics. The reader is never loaded down with monotonous statistics
nor is he bored with long-winded pontifications. The commentary
is sharp, concise, and at times, funny. Perhaps this is where Goyette's
previous career helps. He was a successful radio personality who
hosted his own drive time show until he was fired for not toning
down his criticism of the George W. Bush administration. Like his
late radio show, the book is informative and entertaining. It's
a veritable goldmine of witticisms such as Goyette's quip that the
term "jobless recovery' falls into the same class as
a lifeless resuscitation: the operation was a success, but the patient
no political solutions in Red and Blue which is consistent
with overall theme of the book. There are no political quick fixes
to problems that have been decades in the making. Expecting the
current crop of politicians to come up with a solution is naïve
if not delusional. Government can't be the solution when it is,
indeed, the problem. Goyette urges his readers to simply embrace
freedom. This means rejecting the State and all of its empty promises.
That is the only solution.
with permission from American
© 2012 American Breaking