Thread: General Politics Keynesian Job Program / Stimulus Plan
View Single Post
Old 03-08-2013, 08:25 AM   #119
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $23706
Quote:
Originally Posted by Brainiac View Post
I've said in the past on this site that Keynes is undoubtedly spinning in his grave in horror at how his economic philosophy has been twisted and distorted by the current gang in Washington. Keynes proposed intentionally running surpluses in good times and deficits during economic downturns. He didn't propose running trillion dollar deficits every freaking year and having the government provide everything from the cradle to the grave.

Referring to Obamanomics as Keynesian is akin to saying that Scott ***** is running the Chiefs just like the New England Patriots.




.
Here's where Keynes screwed up though: He trusted politicians with money. It's a system that enables politicians to spend. This one point alone makes it fundamentally flawed. Central planning, a plank of socialism, never works. Never.
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,901
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote