Monday, March 2, 2009

Why is failed Keynesianism back in vogue?

Imagine any of our egotistical and money- and power-hungry members of Congress or chief executives (of either party) today announcing, "Gee, this economic downturn sure is a misery. Too bad there's nothing the central government can do but to slash spending till our budget is in surplus so Washington is no longer crowding out private borrowers, meantime putting us back on the silver standard and shutting down the Federal Reserve. So all you lobbyists here to plead for special favors just might as well go home. Store's closed."

What? Give up the greatest excuse since Hitler and Tojo for enacting every pork barrel spending spree they can imagine? Are you crazy?!

Why the government can't - or won't - take the rational and logical (and constitutional) approach to the current economic mess.

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