Keynesian economics doesn't work. The government doesn't earn anything, so it can only spend borrowed money. Or money seized through taxes.
Have you ever met anyone you considered successful who only spent money he borrowed from someone else?? That person isn't contributing anything meaningful into the economy.
If the private sector scales back spending, it's for a very good reason: demand is saturated. It's foolish to try and defy the law of supply and demand by pumping a bunch of government debt into the economy.
Keynes was a globalist. His ideas are as discredited as globalization.
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- Innovations?
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- Why Not Default?
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- Keynes Was A Globalist And Probably A Communist
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- Liberals In Fantasy World Continue To Insist That ...
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- Principles Of Sound Money
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- Origins Of The Internet
- Globalization's Failure for America
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- Two Kinds Of Money- Neither Is Free
- Government Is Not An Investor, Part 2
- Government Is Not An Investor
- The Myth Of Government As Private Sector Job Creator
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Tuesday, December 15, 2009
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