I see all these smartass economists crying about austerity and demanding huge Government spending, because why not. These buffoons, these idiots, who are Ph.D.'s, but probably can't even tie their shoelaces without Government instructions.

Man they are just so irritating, they are like the mouth of the Government, because of course they will tell anything that they are told to tell, and they will justify their theories with any ridiculous argument possible, since they can't really bite the hand that feeds them, since they are all public university employees who get big salaries, tenure, and the rest of it.

But to think independently, without being tainted by emotions (it's hard), is challenging at best, but it's the only way to find rational solutions to real world problems. And every single time the rational solution is better than the half-baked emotionally justified nonsense.

So I take my gloves off, and expose this austerity hysteria for what it is:

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1) Pensions

Alright, so the first thing they are upset about is the cut of pensions. Okay, well, the thing with the pension system, is that, it's a Ponzi Scheme. Yes it's a full blown, 100% Ponzi Scheme. More money goes out than it goes in, and old investors (retirees) are being paid by new investors (new workers), so it fits the definition 100%.

Now reducing a Ponzi Scheme payout is essential if you want to keep it alive, of course this only prolongs the inevitable, and eventually people will realize that it's a nonsense, and we'd be better off with it. Or maybe people should be able to choose their own retirement plans, and not be forced to invest in Ponzi Schemes.

But what will happen to the old people with small pensions?

Well what do you think will happen to them when the Ponzi Scheme collapses then? If you think that keeping this Ponzi Scheme alive just because a lot of people are dependent on it is a good idea, then you are an idiot. It's like saying you need to give more alcohol to an alcohol addict, because that is what is keeping him alive, when in fact that is killing him.

So when the pension Ponzi collapses, a lot of old people will be in very very bad situation, so although prolonging the inevitable is not a solution, at least it doesn't aggravate the problem for now.

So what is the solution?

Now your are talking, this is the right question to ask. Well here are my proposals how to fix it:

• Eliminate the pension system immediately
• Workers from now on should be able to chose where they invest their salary
• Government should repay everyone who paid into the system, by selling their Government assets to raise the money for it

Easy, the Government debt can be easily paid off if all assets are privatized. Of course this will mean that the Government will shrink down into oblivion to never come back, but, yes that is the point.

If you want to give a personality to the Government, like if it's some sort of entity, then you also have to think of it like an organism that is competing for survival. They have been doing this for 10,000 of years since the invention of agriculture.

And as every species, they eventually die, because something better comes along. In this case, it's the free market.

2) Government Workers

Well it's the same thing, they are getting ridiculously high salaries, funded by tax payers, and barely do any useful work, or outright contribute to the increasing of tyranny in society, which is very very evil. This is inefficient, and parasitic, or just evil.

Privatize it all, and let them find a real job, where they have to compete with others for a living.

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Original photo source: (AFP Photo / Patrick Baz) / AFP

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