Keynesian economics is fully discredited by decades of real world experience. The whole construct is a joke that even a person whose rudimentary education never got beyond 2nd grade can poke holes in the logic of. (how is THAT for a convoluted sentence.) Keynes academic papers ranged on multiple, various, topics and were all over the place, from somewhat lucid to the clearly insane. Why did people assume that the economic system that involved half a population paid to bury money in the ground in mason jars and the other half digging up said jars as the sane cerebral vomitus of a known kook and toff? It was with great trepidation and foreboding when there was hints that Congress, weeks and weeks ago, was turning to Keynes for inspiration and intending some incredibly foolish Trillion dollar spending bill.
I was relieved to see the Congressional scheme didn’t even rise to that level.
Thank goodness Keynes was thrown by the wayside, and instead, those great and distinguished economists, Reid and Pelosi, have come up with a Trillion dollar, great-grandchild beggaring, eye-poppingly foolish, system of their own.
The deplorable Keynes should rise from the grave and shamble along to all published references to this bill, scratching his name out, with an antique fountain, wherever it is connected with THIS particular legislative stink bomb, so as to preserve his much-tarnished (but not THAT tarnished) reputation. I mean there is tarnish, but THIS? This is rust.
Fortunately, the president has to sign this bill to make it law. I am optimistic that Obama will see how disastrous this legislative dreck is, and will veto the bill toot-sweet. He is a different, NEW, kind of public servant after all, not interested in politics of the past. I have Hope.
Wednesday, February 11, 2009
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