Tuesday, January 5, 2010

Keynesianism Delivers a Decade of Zero

You cannot spend your way out of a recession. You cannot regulate the economy into oblivion and expect it to function. You cannot tax people and businesses to the point of near slavery and expect them to keep producing. You cannot create an abundance of money out of thin air without making all that paper worthless. The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever. You cannot live beyond your means indefinitely. The economy must actually produce something others are willing to buy.
Uh, shouldn't someone tell this to the politicians? There are a few voices in the wilderness but the power hungry elites are not listening.

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