I wrote this to Jim Robinson on another post and I believe it is appropriate here:
This election will play out the century long battle between the economic theories of Friedrich August von Hayek and John Maynard Keynes. We who know the truth, know that Keynesian economics is a failed economic theory. We know because it has played a big role in the undermining of America’s economic prosperity throughout the century. It certainly was so with FDR’s inept application of it to bring America out of the Depression. It is the lie, that those who promote it, that says that if they could pump out enough money through government run projects and programs, people who received the benefits of these projects would spend the money and the economy would come roaring back to life. If spending has not brought the economy back, then more spending is needed. The idea that Central Planners can bring the economy back to life is a false hope that only serves the Big Government bureaucrats. Keynesian economics only benefits the Big Government bureaucrats and they will lie about it to preserve their Big Government.
Increasing government spending only directs resources away from those best equipped to create new wealth: The rich who have created wealth before and ironically who they demonize because they are the rich. This false hope, that spending will bring economic success, only leads to disaster. It is also a tool by America’s enemies to cause disaster to America’s status as a world power.
Our truth that we need to make perfectly clear to the electorate is that only markets, free of government involvement find the answers to create new wealth.
bflr