Tuesday, February 17, 2009

The Utter Folly of Keynesianism

Over at Crystal Clear Conservative, my far more eloquent colleague once again rips Keynesian theory wide open. While I can't match her in detail, I feel the need to take the Congress and the economic "chattering classes" to task in the wake of Obama's signing of the socialist porkulus today.

How do these people not get that THE GOVERNMENT CAN'T HELP THE ECONOMY, IT CAN ONLY HURT IT?? It's intrinsically obvious to any serious student of history. From the Peloponessian War to World War II, wars have rescued stagnant economies where government tinkering failed. Is that what we're going to need this time once the Keynesians exacerbate the recession into a depression? We need to rid ourselves of the Federal Reserve and go back to a tight, sound currency backed by gold or other precious metals. You can't print money, it devalues the currency to Weimar Republic levels. That's where these people will take us. Just wait. THIS may be the single biggest reason I could never be a Democrat. Socialism... Er, Keynesianism.

Free markets and capitalism WORK. If the government can just manage to keep its grubby little hands off.

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