The Second Coming of Keynes
When confronted with the fact that Keynes' solutions would never work in the long run, he would dismissively say, "In the long run, we're all dead."
When confronted with the fact that Keynes' solutions would never work in the long run, he would dismissively say, "In the long run, we're all dead."
He took to laissez faire economics, not because of its utilitarian support, but because of his abhorrence of political intervention.
This is green tyranny at its worst: waste, distortion, and violating liberty in the name of "saving the planet."
Fed economists — like mainstream macroeconomics in general — are intellectually bankrupt and clueless at best or dishonest propagandists at worst.
Recorded in October 1992 at Belhaven College in Jackson, Mississippi. Includes a Question and Answer period.
The vast majority of American workers remain stubbornly nonunion despite the best efforts of labor unions, the federal government, its court intellectuals, and the mass media.
Nowhere in this document or in successive drafts by Mason and Thomas Jefferson do we read words that could lead the reader to conclude that the federal government ought to care for its citizens or that we ought to look out for one another or that a central government ought to violate our individual natural rights to freedom, independence, and property to achieve the absurdity of mandatory equal access, equal price, equal quantity, and equal quality of health care for all.
The whole idea is just plain dumb, not to mention incredibly ill-timed.
The requirements for wealth creation are simple: a favorable business climate free from overbearing regulation and a belief that the earnings from hard work and risk taking will not be confiscated by a government bent on the redistribution of income.
We have rejected the enrichments of a healthy capitalism in favor of an impoverishing government-run fascism. We have resurrected another great depression — and made America the crisis leader of the world, instead of, what it once was, the beacon for world prosperity.