It is not "Caricature" its the truth. The same fool (krugman) who was crying about deficits under Bush is now saying we need to spend more and more and more. He reminds me of a relentless gambler, who gives trading a try and just keeps doubling down repeatedly on his position until he blows out his entire account. Keynes seemed to ignore the fact that government is full of red tape, and it is simply the most inefficient way that you can possibly spend money. Obama loves to credit his stimulus fuck up for stopping the great depression, but the fact of the matter is that by the time a single stimulus dollar made its way into the economy, we had already stopped shedding jobs, and started gaining jobs. The biggest problem with keynes was that he seemed to assume that we had a government, who was not only trust worthy, but also efficient. We only ever see one side of keynes and that is the spending side. Keynesian economics should work, in theory, but it relies on the government taking money out of the economy in boom times and setting it aside, and it also relies on the government efficiently getting the money out the door when we are trying to "stimulate an economy" On both fronts we already know that simply doesnt happen. Obama himself joked that he didnt seem to understand that there is no such thing as a shovel ready job, yet he wants to spend more money?!??! Krugman loves to argue that the reason the stimulus failed was because we simply didnt spend enough money, and he argues that "deficits dont matter cause we dont have to pay them back." Both Krugman and Keynes seemed to believe in the absurd idea of a âfree lunch.â They never seem to see the consequences of relentless spending. The destruction of the dollar through Keynesian economics has brought along with it, higher oil prices, which in turn inflates the price of everything else consumer have to buy, so while idiots like krugman are busy decimating the dollar by printing and spending money we end up with a larger and larger government, and meanwhile everyone in the private sector is decimated through inflation. The last ridiculous point I want to focus on that Kurgman dismisses in his article is that âwe donât have to pay the debt back so it doesnât matterâ He is actually right on one point, we will never pay the debt back, I am sure of that one. With that said, what would happen to us if interest rates went to 10% tomorrow and we currently have to service 15 trillion of debt? That would mean that 1.5 trillion of our dollars would be spent simply servicing previous debt, and once again, that money has to come from somewhere, so the 2 choices we are left with is either dismantling the government, or inflating our way out in which case you can pretty much guarantee we will crush every single lower to middle income family, as all their money will now have to be spent on inflated necessities such as oil and food, and they will lose their disposable income. The other problem is that it puts us in a position of vulnerability if a crisis ever comes, if we are attacked on our soil, and, we need to figure out a way to foot the bill for the spending to defend ourselves, and our debt to GDP hits levels like 150% all of a sudden no one is willing to finance us any more in times when our lives desperately depend on it. If you want a real education on where Keynesian economics has gotten us, and where it will inevitably end up, You should read the books "Where keynes went wrong" by Hunter Lewis or "Paper money Collapse" by Detlev Schlicter.
Something has to be done to solve the age-old problem of idle young men. War is a popular, non-welfare solution. Unfortunately, our military is cutting hiring, so even that's not the way out of small towns and inner cities like it used to be. Edit: so like I said, "makework". Some here have called it workfare.
How bout the "radical idea" of forcing them to get a fucking job??! The government doesnt even need to be involved in this bold new concept, they simply need to quit handing out money, and quit pretending that unemployment benefits/welfare actually creates jobs.
Actually, if youread and interpret what im saying properly, unemployment is a big problem, and government, keynes, krugman, and most specifically the Obama administration are the ones who are perpetuating the problem.
"It's a mistake to think that poor people get the benefit from the welfare system. It's a total fraud. Most welfare go to the rich of this country: the military-industrial complex, the bankers, the foreign dictators, it's totally out of control. " Ron Paul BTW Anyone know what percent of the budget is for the social safety net programs that includes welfare. Anyone know the % of that welfare that is wasted on the undeserving. Anyone have any idea what % of our taxes are wasted thereby? Let's leave out SS and Medicare/medicaid programs since we at least have a chance of seeing that money again ourselves and most would agree these are necessary and good programs. I'm talking about the welfare cheats that gets the folks up in a lather. What percent of our taxes is wasted on the welfare cheats ? Anyone?