The roots of economic chaos
What Will Rogers said was once funny: "Thank God we don't get all the government we pay for!"
It isn't funny today. We get not only the government paid for by massive takings by force from all of us but even more government paid for by putting our children for generations in debt, massive borrowing and running the money printing presses like mad.
Worse this is supported by officially sanctioned economic doctrine. Keynes and latter day disciples like Krugman claim that spending and "demand" are the engines of wealth and that the only investment in production ta actually helps is from government. You couldn't make this crap up.
It isn't funny today. We get not only the government paid for by massive takings by force from all of us but even more government paid for by putting our children for generations in debt, massive borrowing and running the money printing presses like mad.
Worse this is supported by officially sanctioned economic doctrine. Keynes and latter day disciples like Krugman claim that spending and "demand" are the engines of wealth and that the only investment in production ta actually helps is from government. You couldn't make this crap up.
Really!
Would someone please ask Krugman about the profitability of the last few companies HE ran?
People supporting the continued borrowing aren't doing it because of a mis-application of Keynes. They're doing it for the same reason people run up credit cards unintentionally.
You gain the output of factors of production that would have gone unused and wasted.
I have accepted no such thing. I believe in production as the engine of prosperity - producing more value than was consumed in producing it.
With GDP computed this way they have to push for more and more consumer and government spending to improve GDP. Total madness.
all over this nation. -- j
.
Quoting "statistics" is a little on the bogus side because a skilled "craftsperson" can manipulate the outcome just about any way they want.
reading between the lines of your post, it seems to be embracing a more Keynesian model and implies that private capital gives way to some form of government stimulus. Excuse me if I have mistaken your post.
Your take on the use of private capital to inflate the post 1929 stock market really sounds more like the fact that government by "encouraging" people who cannot afford mortgages to get them with ease, thus inflating the real estate market with a irrational demand for housing. That, in turn caused the great collapse of a couple of years ago. Now they have reinstated the same stupid stimulation making easy (I.e., recently printed) money available to people who cannot afford what they wish to buy.
As I am sure you are aware, another massive bubble is now in scope with these Keynesian/Krugman "fixes". I for one will gladly take my chance with a Free Market approach and to hell with government intervention!
Remember, the Hegelian model was adopted by Nazis Germany and Stalinist Russia for their respective national educational systems. Out of the Frankfort School, reading, writing, arithmetic gave way to doctrinaire ideologies such as; Arbor day, Political Correctness and a host of anti-American/anti-Constitutional doctrines. Don't believe me? Check it out!
This stupidity has been tried again and again and the only time it seemed to work as designed was when Ronald Reagan developed his "Spend Bold" strategy of priming the pump by the DoD infusing massive amounts of Federal dollars into purchasing hardware and related services, rebuilding the US military.
This actually did create jobs and "trickled" down throughout the economy. The difference between Obama federal spending and Reagan's was hard goods being purchased that translated into thousands of manufacturing jobs. Obama on the other hand spend billions hiring people to work for the government, producing nothing of value.
That my friends is the difference between a successful president and a presidential wannabe.
Back to school Mr. Krugman!!!
Rand echoed that statement via the caricature of Floyd Ferris: "The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them...you create a nation of lawbreakers – and then you cash in on guilt. Now that's the system, Mr. Rearden."
Just how many times do these socialists have to burn themselves before they realize the stove is hot and that thei9r policies are a dead-end for us all no matter how much Crony-capitalism you throw into the mix?!
Keynes was wrong then and he and Krugman are still wrong today! They have engineered what will be the worst economic collapse in the history of the human race......
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