Posted on 06/05/2012 5:17:41 AM PDT by IBD editorial writer
When does respect for an economic theory become fanaticism? For an answer, check out Paul Krugman's increasingly desperate attempts to defend Keynesian economics against its obvious failures. The New York Times columnist doesn't claim publicly to be a religious man, but he sure acts like it when it comes to his beloved John Maynard Keynes. Any evidence that Keynesianism doesn't work must be wiped away, even if it means conjuring up mythical numbers to do so. Case in point is Krugman's latest campaign to argue that President Obama has been an austerity-driven tightwad. At the same time, Krugman says President Reagan was a closet Keynesian.
(Excerpt) Read more at news.investors.com ...
Unfortunately, even if a smart, ethical administration were to adopt such a policy, it would very likely be abused in a future administration. I would be much happier if govt. stayed out of it as much as possible.
I totally agree. The government has no authority whatsoever to do such things. My comments were intended to be academic, and not an endorsement.
Reduce taxes
Reduce regulations
Get out of the way
” He is a Marxist dressed up as an expert economist by the liberal MSM, nothing more. “
About time somebody said it.....good on ya, SOL.
” Actually, that is the true goal of the Leftists. They want to spend us into oblivion, so they can pick up the pieces after the fall, blaming the whole think on capitalists, when no true capitalism is being utilized to further their goals.”
And they are doing this right in our faces. Nobody will report it, as they know.
Agreed.
Krugman puts the “douche” in douchebag...
LOL
” Krugman puts the “douche” in douchebag...”
At least..
Running up deficits to achieve social-objectives helps them to get the voters support for progressive taxes. You can see how Obama uses it now. Poll test the question:” Which is a BETTER way of cutting the deficit, cut your medicare and social security or raise taxes on those who earn much more than you do? ”
So you always want to get the voters used to the 'free' stuff before you raises taxes to pay for them, then later you can declare a fiscal crisis to 'save the country'. That is how Maryland is run,.
” Running up deficits to achieve social-objectives helps them to get the voters support for progressive taxes. You can see how Obama uses it now. Poll test the question:” Which is a BETTER way of cutting the deficit, cut your medicare and social security or raise taxes on those who earn much more than you do? ”
So you always want to get the voters used to the ‘free’ stuff before you raises taxes to pay for them, then later you can declare a fiscal crisis to ‘save the country’. That is how Maryland is run,. “
Maryland is the best argument for moving to Florida.
I didn’t say playing the lottery is smart. But it certainly isn’t INSANE.
Unless you are gay.
Yes, I agree with you there.
All these Lefties think they’re going to get free this, free that. Some of them work. Wait until they see how expensive free stuff is, when it comes to withholding.
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