Thomas R. Eddlem

Data scientist, economist, writer, podcaster, father, Catholic, libertarian, William Norman Grigg Fellow at @LibertarianInst.

[Thomas R. Eddlem @teddlem]

The economy is rigged against working people and in favor of billionaires; every worker pays HUNDREDS OF THOUSANDS of dollars transferred to billionaires.

Read this article, and I promise you’ll never look at the government the same way again.

https://t.co/eOuSHg8iRj

[Thomas R. Eddlem @teddlem]

@SSLPMA Going!

[Thomas R. Eddlem @teddlem]

I'm going. You should too.

[South Shore Libertarian Party @SSLPMA]

ATTENTION LIBERTARIANS SOUTH OF BOSTON
Our June meeting will be at the Fireside Restaurant at the Middleboro rotary (Rts. 44 & 28) Thursday, June 11 at 7:00 p.m. Lots happening... Post-op on National Convention, discuss State Auditor candidate. All are welcome.

[Handre @Handre]

The period from 1870 to 1913 witnessed the most spectacular economic growth in human history, and you can thank the gold standard for making it possible. Real wages doubled in America. Railroad mileage exploded from 53,000 to 254,000 miles. Steel production increased twenty-fold. Population centers transformed into industrial powerhouses virtually overnight. Sound money created the foundation for genuine capital accumulation.

Under gold, entrepreneurs could calculate decades into the future without worrying about central bankers debasing their savings. Andrew Carnegie built his steel empire because he knew the purchasing power of his profits wouldn't evaporate through monetary manipulation. John D. Rockefeller revolutionized oil refining because stable money allowed long-term planning. These men risked enormous sums precisely because gold prevented government from stealing their wealth through inflation.

The productivity gains were staggering. Between 1880 and 1900, manufacturing output per worker increased by 65 percent. Prices fell consistently (deflation was normal and healthy), which meant your purchasing power grew every year you delayed consumption. Real interest rates reflected actual time preference and productivity, not central bank targets. Capital flowed to its most productive uses because price signals weren't distorted by monetary debasement.

Compare this to our fiat era: since 1971, productivity growth has stagnated, real wages have barely budged, and asset bubbles have replaced genuine wealth creation. The Federal Reserve calls 2% annual theft "price stability" while wondering why inequality keeps rising. They've replaced the automatic discipline of gold with the arbitrary whims of PhD economists who think they can fine-tune a $26 trillion economy.

You want to understand why your generation can't afford houses while previous generations built transcontinental railroads? We abandoned the monetary system that funded the greatest economic boom in recorded history.

[Thomas R. Eddlem @teddlem]

Social Security is a rip-off for everyone.
https://t.co/GI4280N7j3

[Rick Scott @SenRickScott]

Is everyone paying attention? We have just SIX YEARS before Social Security is insolvent.

Congress needs to stop burning money on fraud and crappy programs, balance the budget, and PROTECT Social Security so we can keep our promises to American seniors.

[Thomas R. Eddlem @teddlem]

@Ross_Berry People don't build wealth based on the real estate bubble, unless you are a real estate investor. You have to live somewhere, so if your house doubles in price and you sell it, you have to buy another overpriced house somewhere else.

Give the Dems this one W.

[Thomas R. Eddlem @teddlem]

@BlackLabelAdvsr You are weaker than they are, intellectually. You sound like a 95-year-old man whining about the "young-uns."

[Thomas R. Eddlem @teddlem]

@JohnnyMoore222 @BlackLabelAdvsr Why aren't houses affordable? You give the clue in your own message. You didn't triple their value by adding value to the house, but by waiting for inflation and interest rate suppression to spike the sticker prices.

[Thomas R. Eddlem @teddlem]

@BlackLabelAdvsr Not more. Far fewer. https://t.co/06TLP8pgy5

[American Liberty Caucus @ALCaucus]

@marklevinshow So, because you support giving out billions in foreign aid and tanking the economy, we all should be?

Go fund those countries yourself.

America first. America only.

[Thomas R. Eddlem @teddlem]

@ronrule Community notes for the win.

[Thomas R. Eddlem @teddlem]

@ronrule No, they can’t. Not the median young family. That house is $500k in many parts of the country.

[Thomas R. Eddlem @teddlem]

@DennisPrattFree @LP_CLC @LPNH So we agree Jeremy is not the most popular libertarian.

[Thomas R. Eddlem @teddlem]

@DividendBreeder House rich, but otherwise poor.

[Thomas R. Eddlem @teddlem]

@chimchim1959 @middle_class_us If you undercount inflation, families look a lot richer. If you use the CPI (which itself may be an undercount), progress since 1970 has virtually halted, only a 10% increase since 1970s.

[Thomas R. Eddlem @teddlem]

@chimchim1959 @middle_class_us If you undercount inflation, families look a lot richer. If you use the CPI (which itself may be an undercount), progress since 1970 has virtually halted, only a 10% increase since 1970s.

[Thomas R. Eddlem @teddlem]

@SenSanders You voted for all the tax deductions and subsidies that made these dodges possible: Pizza Hut, KFC and Taco Bell through BigAg subsidies you voted for, Honeywell through military spending you rubber stamp, and Paypal through Commerce/Treasury Department write-offs you approved.

[Thomas R. Eddlem @teddlem]

@AP4Liberty @snorman1776 No amnesty, especially for those cheering on the COVID hysteria, which Trump was. He kept Fauci in place. He's responsible for EVERY THING Fauci said.

[Thomas R. Eddlem @teddlem]

@JimOstrowski In the early 80s: The Law Enforcement Assistance Administration (LEAA) and the Office of Economic Opportunity.

Of course, these were replaced by new agencies by the mid-90s. But they were abolished.

[Jim Ostrowski @JimOstrowski]

In response to my challenge to identify a major progressive program the GOP abolished since 1913, I have refuted many nominees.

What’s on the table is USAID and Reconstruction Finance Corp.

USAID was eliminated but some functions were transferred, an old trick, and some of the savings were offset by aid to Israel.

The Reconstruction Finance Corporation was created by a Republican, Hoover, who nevertheless as my teacher Rothbard noted, was himself a progressive. Some of its functions were transferred to the SBA, though overall spending was much lower.

So that’s it apparently. Two programs not in my view eligible for the Progressive Hall of Fame in my view were mostly eliminated.

At the same time, the GOP created several new ones.

[Thomas R. Eddlem @teddlem]

@YouTubeJEFF9K @LibertarianLars Anyone who has run the numbers knows it's true. I've run the numbers; what numbers did you come up with? https://t.co/qCHCd591lc
https://t.co/GI4280N7j3
https://t.co/FCO6HuxSGs
https://t.co/Q03e9gi3jr