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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: andy58-in-nh
Someone please tell me where the money is going.

Trillion dollars a year in deficits alone, on top of the budget, and what tangible results have we received? A man on Mars? A new Hoover dam? Rural electrification? Heck ANY evidence of economic activity?

I don't even see "more" roads being repaired, and that's already been paid for by state taxes.

5 posted on 12/24/2012 9:07:20 AM PST by boop ("You don't look so bad, here's another")
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To: andy58-in-nh
Few see the connection between modern ‘stimulus’ and the old idea of ‘central planning’. Modern Keynesian's forget a couple of key ideas of Keynes theory. In his original theory Keynes proposed that a government was supposed to save during the good times, so it could dis-save during hard times. While often ignored that you can't keep borrowing forever, a dim light does dawn everyone once in a while for example Ben Bernanke's original comment about a fiscal cliff earlier in the year.

Another overlooked idea is the implicit assumption that any government spending is stimulus and the belief in the government multiplier. From an Austrian perspective government spending can have the same effect as central planning and cause more mal-investment by investing in a bad capital structure. This is one of the primary effects of bail-outs. It keeps the economy from correcting and just prolongs the agony of mal-investment. Even the idea of using interest rates overlooks the inflation tax and its cost to the economy.

Sadly, despite the evidence of the depression, and the communist countries you site, the fallacies of Keynesian economist is overlooked in academia. No other theory of economics giver government the role of savior and guide.

7 posted on 12/24/2012 9:50:59 AM PST by Idaho_Cowboy (Ride for the Brand. Joshua 24:15)
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To: andy58-in-nh
Adam Smith and the Austrians predict the choices, economically, that people make cannot be predicted.

Let the market work out it's problems, everything every thing else will follow.

10 posted on 12/25/2012 9:08:19 AM PST by Little Bill (A)
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