Are We Repeating the Mistakes of the 70s?

We wouldn't be bailing out failing companies anymore.
We wouldn't foist taxes on employment.

Or set minimum wages in times of rising unemployment.

Or raise taxes in a failing economy.

Or build up dificits and offload the debt on our children.

Why then are doing Keynesian economics?

Be afraid, be very afraid ... because it's not as if we don't know any better!

Professor Peter Klein, University of Michigan, talks about the return of an ugly monster that refuses to die.  Hat Tip: Liberty Pen.

Politics=War in Action

"Democracy in Action" is how the Left typify it!

When the politics=war crowd gets into Government they could silence the opposition, either by morally condemning them on trumped up charges as we have seen played out over the last few days (see "From Political Correctness to One Party Rule"), or -

they could unleash one of their political action attack dogs, as is the case today:

Move On: "Not One"

"Not a single Republican voted for President Obama's economic recovery plan in the House. If that happens in the Senate, Obama's plan won't pass. We've got a new TV ad to win over swing-vote Republican senators. Can you chip in?"

Why not ask George SoroS for a hand-out? Or is this supposed to pass for 'grassroots in action'? Swarming, nudging ... where the Left has a presence some form of coercion is usually not very far of.

Stimulus - recovery plan? The video has the gall to call for supporting "the Obama recovery plan for 3 million jobs, not the failed policies of the past ..." yada yada yada - ~~~~~~~ (these represent sound-waves, the definition of postmodern 'communications').

No, let's recover as slow as possible and credit the politicians by revamping the failed policies of the far, far past! [sarc off]

Only in countries without private ownership (i.e. in totalitarian states) can the Government 'create' jobs, rather like Corporal Hitler's and the Communists' hundred percent employment rate! (In the 1934 National Socialist economy of Germany 52,000 men were required to work on civil engineering projects alone, while some 100,000 were employed in supplying their building material.)

In liberal democracies it's a demonstrable fallacy that is re-enacted every time some Government has wrecked the economy by 'regulating' it. In this particular case banks were compelled by law to peddle subprime mortgages.

The Keynesian game is a parlor trick played by politicians on the people they claim to represent! The truth is, there is nothing the state can do to counter the fix except letting the market's self-regulating mechanism do its job; and the more they interfere with that process, the longer recovery takes.

But admitting that would prove that capitalism isn't the villain of the piece, but the hero. And it would unmask the Leftist game for what it is: a war on reality! So Keynesianism allows them to shine, a show-case for the policies that saved the country - despite, rather than because of it.

• Fixing the Economy, the Really, Really Hard Way
  

• Pierre Lemieux: "The Brave New World of Stimulus"

• Ayn Rand Center for Individual Rights: "Stop Blaming Capitalism for Government Failures", by Yaron Brook and Don Watkins

• Wall Street Journal: "'Atlas Shrugged': From Fiction to Fact in 52 Years"

Back to party politics, the other war. The loyal opposition has finally decided a counter-offensive is in order. Conservatives are slowly catching on to the Left's Alinsky tactics.

Although full comprehension of the Postmodern anti rulebook is hard to accomplish, simply because it is so antithetical to anything we know, the TCOT Action Projects' "Launch Operation MOVE OVER MoveON.org" makes an excellent start.

Beginning Monday we will call 5 Rep Senators targeted by MoveOn.org and confirm their opposition to the Pork Laden Spoils Spending Bill

We will also call a few wavering Democrats

Blog action also detailed

Radio Show Call In action detailed

Saturday January 31, 2009 8 PM CST

CALL IN NUMBER

(219) 509-8333

Access code 134848 #

We encourage American freemarket supporters to sign up with TCOT Action Projects, RootsHQ and DontGo. These grassroots projects aim at remedying some of the hiatus Conservatism had in IT based activism. They make a flying start with countering the worst end-justifies-the-means assaults by the statists.

We'd like to call on Europeans to sign up with "Roots! We the Peoples of Europe", either on Facebook or on Ning. Roots! are planning to develop similar action programs to claim back Europe from the Hegelian statists for its peoples, as it should have been!

Update:

Just released film material by Free Wagon Films shows that the much admired "New Deal" FDR Administration was over its eye-balls infiltrated by communist subvertors, which may be the reason President Obama is (subconsciously) attracted to its policies. The series "The Subversion Factor" deals with the entire range of moles throughout the last century. Part 2 explains the matter in general, while part 3 specifically deals with the FDR years.

- Filed in Articles in "Rules for the Right" -

Fixing the Economy, the Really, Really Hard Way

The shocking severity and magnitude of the credit crisis - or perhaps a better word would be the Politically Correct Crisis - has caused the traditional Left and the Pragmatists, including the Center-Right statist guard, to once again grab for the wrong, long-bankrupt tools to "fix the economy".

While the conclusion seems justified that political correctness is no longer an innocent toy for social make-ability in the hands of progressivism, they're calling - as by knee-jerk reaction - for more regulation, state control and objectively false remedies, blaming the perfidity of capitalism for its failure. Here's why Keynesian methods don't work:

Washington Post: "Obama Expands Stimulus Goals - As Economic Outlook Grows More Dire, Early Target for Job Growth Is Bolstered"

President-elect Barack Obama has expanded his goals for a massive federal stimulus package to keep pace with the increasingly grim economic outlook, aiming to create or preserve at least 3 million jobs over the next two years. (...) With liberal and conservative economists calling on the government to spend $800 billion to $1.3 trillion to stanch the bleeding, the greater danger to the nation, Obama was told, lies in doing too little rather than too much. (...) >>>

One cannot help pondering the definition of stupidity: repeating the same thing over and over, each time expecting a different outcome.

Perhaps the obvious answer to the obstinate economic policies leading to failure is, that Keynesianism is the only answer politicians have to economic crisis. That is, short of taking the brakes off, which would make market-mechanisms the heroes of this piece instead of them and that, would never do!

Dutch Socialist Finance Minister Bos went from rock-bottom approval ratings just two months ago to Political Figure of the Year 2008 for socializing the banking sector ... FDR is still credited for saving the US from The Great Depression! Long live the irreconomics of John Maynard Keynes!

- Filed on Articles in "Economics" -