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American Thinker requires that articles be excerpted and hyperlinked.

The complete article is at American Thinker:

http://www.americanthinker.com/2012/12/the_madness_of_keynesian_economics.html

1 posted on 12/24/2012 7:50:43 AM PST by Moseley
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To: Moseley
CLICK HERE for hyperlink
2 posted on 12/24/2012 7:51:59 AM PST by Moseley (http://www.curesocialism.com)
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To: Moseley
If Central Planning worked, the Soviet Union would today be the envy of the world, and it and Communist China would comprise the world's two great superpowers.

But in spite of communism's dismal failure, the leaders of both nations remain unwilling to give up the power inherent in state economic control.

Accordingly, they have now both turned to a quasi-Fascist form of governance, which increasingly (and not coincidentally) appears to be the socioeconomic model of choice for Obama Administration.

4 posted on 12/24/2012 8:16:00 AM PST by andy58-in-nh (Cogito, ergo armatum sum.)
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To: Moseley

The reason the U.S. economy hasn’t collapsed already during Obama’s first term is because only one of the evil twins of Keynesianism — taxing and spending — has been implemented by the Democrats.

So far, the Democrats have only SPENT — yes, on a stupendous scale; however, they have not TAXED; they have maintained the Bush tax cuts, even during the first two years of Obama’s term when the Democrats controlled Congress.

If Obama and the Democrats don’t agree to save us from the fiscal cliff now by agreeing with the Republicans to continue to maintain the Bush tax cuts, then the full Keynesian nightmare will descend upon us.


8 posted on 12/24/2012 10:52:05 AM PST by Bluestocking
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To: Moseley

Bflr


9 posted on 12/25/2012 8:47:33 AM PST by r-q-tek86 ("It doesn't matter how smart you are if you don't stop and think" - Dr. Sowell)
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