SEE HERE The lesson is rather clear. Keynesian economics, so touted by the left, simply doesn't work. Government is not the solution, government is the problem. The government two step works as follows: 1) Government trumpets a problem and say it is a crisis and they must step in to prevent further disaster, 2) Government imposes a "solution", 3) the problem gets worse and government says "Our earlier solution didn't go far enough ... GOTO 2. The loop continues until people forget the problem or decide the problem is unsolvable and move in other directions. But over time the whole system becomes more and more inflexible and more and more moribund until finally nothing works anymore and the system degrades either gracefully or with a sudden collapse. We seem to be in the late states of this problem.
Wednesday, June 8, 2011
The Lesson of Error
SEE HERE The lesson is rather clear. Keynesian economics, so touted by the left, simply doesn't work. Government is not the solution, government is the problem. The government two step works as follows: 1) Government trumpets a problem and say it is a crisis and they must step in to prevent further disaster, 2) Government imposes a "solution", 3) the problem gets worse and government says "Our earlier solution didn't go far enough ... GOTO 2. The loop continues until people forget the problem or decide the problem is unsolvable and move in other directions. But over time the whole system becomes more and more inflexible and more and more moribund until finally nothing works anymore and the system degrades either gracefully or with a sudden collapse. We seem to be in the late states of this problem.
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