Debate hell. Keynes is a proven failure who seemed to think “spend all you want and let the next generation pay the tab”.
Meanwhile, our founders were near unanimous in their feeling that leaving debt for the next generation was destructive to the nation.
Consider this...(Keynes/Lenin)...
“The setback to Lenin’s project would not have surprised Lenin; the setback to Keynes’ would have surprised Keynes. Lenin’s project will be revived, but not Keynes’, except as a staging post in the march towards Lenin’s goal.”
http://www.networkideas.org/featart/apr2011/fa15_Lenin_Keynes.htm
Has the left seized a hold of Keynes’ theories and subverted them along with everything else it touches?
Seems that it wasn’t a debate about economic policy in a free world but a conflict between leftist subversives and those advocating free and open economies.
(The psychotic left subverts everything it touches.)
IMHO
read
Good Piece, I particullay liked the admonition that government should never undertake projects where the anticiated benefit is less than the cost. If they actually did this 50% of spending(even with a liberal cost analysis) would vanish.
Part 1;
http://www.youtube.com/watch?v=d0nERTFo-Sk
and part 2;
http://www.youtube.com/watch?v=GTQnarzmTOc&feature=relmfu
Perhaps it will even be expanded to include an even more consistently anti-state Austrian viewpoint that will satisfy my disenchanted anarcho-capitalist friends.
This betrays Mr. Perry's understated position. For anyone to consider the two viewpoints as reasonably comparable, one is required to adopt a "moderate" position. Heaven forbid we should ever get back on the right track.
The only reason any “debate” goes on is because the Keynes morons continue their myths and domination of useless idiots like the young and the media.
The answers are clear.