Wednesday, October 22, 2008

Keynes Help Seal our Fate

For the last 10 years Ive said to myself why does economy always seem to grow how come it never seems to go into a recession? It seemed like a logical oddity. I initially figured government was lying. But after stumbling upon the real history of America i understand. You see Keynes taught that when the business cycle threatens a contraction of industry AND employment, the government should run up deficits, borrowing and spending money to spur economic activity. FDR adopted the idea as U.S. policy, and the U.S. government now has a $2.6-trillion annual budget and an $8-trillion dollar debt. This is all Keynes thinking. We are all in a sinking ship now coupling this with economy built on lies and you have recipe for disaster. This is irresponsible government and has led to free for all in lusting over government pies and entitlements.

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