Published: Tuesday, Feb. 5 2013 12:00 a.m. MST
Let's get this over with. Put Paul Krugman in charge of the world so we can
see once and for all that economic stimulus policies are driving world economies
into the ground. Once Keynesian fallacies are tossed into the dustbin of
history, we can start over with economic principles that actually work.
Government only gets bigger by taking from the people. They take
your loaf of bread and give back a slice. I don't know why people think
this is a good deal. And I certainly don't see how it leads to prosperity.
No matter how many ways we count what we have, and regroup it, and redistribute
it, we still are not productive enough. We need everyone to be a maker, working
at a useful job, if we want prosperity. As long as the jobless rate stays high,
our production rates stay low, and we are stuck in recession, even though our
government leaders call it a recovery.Thank goodness for people like
Samuelson, who can coherently show where we are headed.
The truth is that the "stimulus" worked, but it's effectiveness was
limited by its size and by mistakes in how the funding was managed. Most
econonomists agree that government spending during economic crisis is essential
to jump starting a recovery. Long term, the deficit is a problem, but that can
be best resolved when the economy has recovered and real unemployment is down to
less than 6%
Fractional reserve money systems cause recessions and depressions problems for
the masses while enriching only a few. When will people learn.
They have the tea party there too.
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