New Posts
  • Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?

What the spend, spend, spend Keynesians are ignoring...

Lukey

Senator
They hang their hat on the fact that we can spend whatever we want because we are a currency issuer (and also that current inflation rates are low). They are correct in both of their observations, but there is a long term price to be paid, and that will eventually show up in our standard of living. It is not a coincidence that over the past thirty years, as we have driven the size of government to unprecedented (peacetime) heights, and passed myriad laws and regulations that have driven our productive capacities overseas, that we have also (finally) begun to witness a decrease in our standard of living:

What we leave to our grandchildren is a certain standard of living. Whether that standard of living is better or worse than ours is up to us. Remember, the burden on a sovereign currency issuer is always inflation and not solvency. It’s quite possible that the US government could print so much money in excess of our productive capacity that it causes ravaging hyperinflation that ruins an entire generation of living standards. We could make huge policy mistakes. We could become far less productive. We could incur foreign debts. We could do any multitude of things that ruins our grandchildren’s living standards. But what we won’t do is leave them with a bill that needs to be paid back. Instead, we will leave them with a certain living standard that is based on a multitude of factors based on the way our government spends and the way the private sector produces goods and services in the future.

The inflation is coming (as soon as the [world] economy starts to pick up), unless we walk the Keynesian economics back. And the lowering of our grandchildrens' standard of living will be violent, unless we walk the progressive regulatory apparatus back. Do NOT be fooled by the Keynesian siren song that says "there's no inflation, full spending ahead."
 

OldGaffer

Governor
You are the one advocating Americans prepare to work for Chinese wages in order to bring manufacturing jobs back to the US, so where does that put the next generation? No matter, its a dod eat dog country and devil take the hindmost, right?
 
after decades of deficit spending brought upon us by massive tax cuts, massive defense spending and unfunded wars, benefits along with tax avoidance policies...you finally find the guilty culprit...Lord Keynes...wow is all I can say.
 

888888

Council Member
As the world develops the USA suffers. Once the underdeveloped countries start the clim as they have now in China and other emerging countries, and the people demand higher wages, benefits and better living conditions and they will, The USA will once again become the country that produce and lead.

It's already happening as more companies are bring production back. Next it will be the call centers and others that can be done for close to the same price as those over seas sweatshops.

The wealth exchange from the rich to the poor hasn't begun to start yet guys, because workers are going to rise up and say WTF is going on here? Why is the top 15% getting so rich and the rest of us are becoming so poor. I haven't seen any data that has shown that the most wealthy taking more of the wealth at the top is improving life in the middle or at the bottom. And what the people are saying now is wait a minute, we didn't run our country into debt, we didn't gain from it happening, only those at the top did, gee whiz who would have thought.
 
Top