Posted on 08/30/2011 7:08:53 AM PDT by IbJensen
http://en.wikipedia.org/wiki/Parable_of_the_broken_window
My interpretation of this is that breaking a window is a net decrease to the system as a whole and is a net cost to the system.
Everything comes down to input and output of a system, that is why Keynesian Economics don’t work.
If they go back to basic system theory, they are making up false inputs into the system. Any balanced system when burdened with too much artificial input or output becomes unstable.
And that is if it was a physical system, just imagine once you through in human beings.
I remember in the 2008 primary campaign, when Bill and Hillary talked about how they had created 22 million jobs during the Clinton administration, whereas the Bush administration had created only 7 million jobs. Both Bill and Hillary talked about that.
I think the rule is, if good Democrats preside over a period of economic growth, then they say that this good Democrat president has created jobs.
But if a good Democrat presides over a period of decline, then the criteria change. At such times, then the good Democrats say that presidents don’t create jobs or lose jobs in the economy through their policies.
Or, we could say that if some criteria are to the benefit of a Democrat, then these criteria will be used. If the same criteria later on make a Democrat look bad, then we will change the criteria and ignore the previous criteria.
The MSM is getting tired of this nonsense too, when Nora Odonnell starts questioning Carney like this.
I think his true masters will toss Obama under the bus if it becomes obvious he will lose
Obama knows how to use the Bully Pulpit so blaming Bush will never end.
Are you suggesting that the current ‘journalists’ in the mainstream media would even wonder about publishing whatever the administration handed them?
It’s not just the political establishment that needs to be retired, in my humble opinion. The fourth estate has gone far past their sell-by date as well.
*sigh* who would have ever thought I would miss bill clintoon.
the rapist-in-chief at least was smart enough to cave to Republicans and we got a balanced budget out of him. (not by choice- but thanks to Newt Gingrich)
As a fervent partisan, I place the blame on the incompetent and unskilled and inexperienced Barack Obama.
The world has reached consensus........ fail
The net cost of Keynesianism to the system is the taking/destroying capital from the more efficient private sector to distribute it through the much less efficient gov't sector. They try to mitigate (lie about) this net loss to the system by talking about the "multiplier factor". This "multiplier" is just a rehash of the justification for the broken windows fallacy.
that presupposes that the average voter out there knows what the word “fervent” means anymore.
EPIC FAIL!
But Obama will be happy to claim credit for any job increases.
Shoot, he is the most immature person to ever occupy that office. The next time he accepts responsibility for anything will be the first.
I am looking to put my “fervent partisan” boot up Baghdad Bob Carney and the AnointedIdiot’s arse come November 2012, bet. =.=
When Reagan was in, the number they gave was .28 of a dollar actually makes it through the government for redistribution .. government spending. The rest is destroyed.
That's odd. Because I distinctly remember the media claiming with unmitigated glee, that owebama began governing the day after the election, not when he took office!
I read Keynesian as Kenyan.
(either is correct)
Hey! President Downgrade! Meet me. Partisan Number One.
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