What Somali Pirates Could Teach American Economists? If American Economists Were Capable Of Learning.

http://news.yahoo.com/s/ap/20100101/ap_on_bi_ge/af_kenya_pirate_property;_ylt=Ar1kgb99uKfP35OAGEgE9yxv24cA;_ylu=X3oDMTNkY2NkaWtpBGFzc2V0A2FwLzIwMTAwMTAxL2FmX2tlbnlhX3BpcmF0ZV9wcm9wZXJ0eQRjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzYEcG9zAzYEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNwaXJhdGVjYXNoc3U-
Pirate cash suspected cause of Kenya property boom

The pirates in Somali have a problem. They are successful. Too successful. They now have millions and millions of dollars to spend. And Somali has the most corrupt (number 180 out of 180) and dysfunctional government on the face of the planet. No one in their right mind, even a pirate, would want to keep their millions in Somali.

So what is a wealthy pirate to do?

Why not go to a country that has a slightly less corrupt and slightly less dysfunctional government. Kenya (number 146 out of 180) is willing to let the pirates spend their money. After all, there is not much difference between a pirate and a government. Both use weapons and force to steal money. The only difference, is that when government is stealing your money (taxes), they claim it is for your own good you as well as everyone else. When a pirate steals your money, he claims it for his own good, and nobody else's. Which means that a pirate is basically more honest than a government.

America has learned from this. American has now outlawed taking large quantities of money out of the country.

Unfortunately, when the pirates come over to Kenya to spend their booty, they are competing with the honest citizens with honest jobs. And as we all know, a fist full of dollars beats honesty every day of the week. So the Somali pirates are causing inflation in Kenya. They are spending double or triple the price, paying cash, and getting what they want immediately. How can honest citizens with honest jobs compete with that? They can't. Therefor inflation happens. The prices on everything goes up because the pirates are willing to pay the higher prices. And the honest citizens with the honest jobs can no longer afford may of the things they used to be able to buy. Like homes.

American has not learned from this. In American the communist-in-chief and all his advisers believe that spending unlimited amounts of dollars in a place with a limited amount of goods is good for the country. So they are raising the taxes, cranking up the printing presses and passing bills that allow the government to spend trillions of dollars on pork barrel projects. Thus forcing the honest citizens with honest jobs out of business and out of homes. And they call this saving the economy.