House of Eratosthenes

Let us say that Paul Krugman is 100% correct.
Barack Obama is 100% correct.
Janet Yellen is 100% correct.
And John Maynard Keynes himself was 100% correct.

My question is simply – so what?
:
It forces the will of a few government bureaucrats and politicians on the masses because “they know better.” It dares to suggest some people know what’s best for you AND GRANTS THEM THE AUTHORITY to intervene.
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They are nothing more and nothing better than the modern day Catholic church killing people for reading the bible or being literate. They wish to retain their power by keeping the masses ignorant about economics. But unlike Europeans during the Dark Ages, most Americans are willing to be fattened and satiated watching The Bachelorette and getting some “great apps” at Applebee’s. Just remember come next fourth of July our founding fathers aren’t rolling in their graves as much as you’re merely pissing on them.

I notice Keynesians and non-Keynesians often talk past each other; the message of the non-Keynesians is not quite so much one of, “your compass is wrong and the bearing of our port-of-call is thataway,” but rather, “to get to our port of call we need to be able to steer the ship.” Or to put it more precisely, “you are not the Captain of this ship.” It isn’t so much a question of what policies, but who should decide them. Moment-to-moment, not decade by decade.

Keynesians, generally, are liberals; and in our modern times we know of no ignorance with any greater depth or darkness than the ignorance liberals have about the motives of their opposition. They take pride in knowing nothing about it, and maintaining a determined apathy as well as the ignorance.

As an economic theory, it robs itself of credibility by showing a persistent lack of interest in results. And what exactly is economics, if it doesn’t have something to do with results? And yet when a Keynesian strategy fails, its proponents will insist it was the execution that was at fault and not the plan. Either way — where is the change before it’s executed again? How much does the ship, directed from some office hundreds of “nautical miles” away, really change direction? The learning just isn’t there. The course change can’t even be measured in degrees. They just keep on cruising.

Or rather, commanding someone else to cruise. In a ship they didn’t build, and they won’t be going down with it when it sinks.

Marxism was supposed to be an economic theory, too. Then it was supposed to be a political theory. And all anyone ever got in either case, as P.J. O’Rourke said, is broke, hungry, and dead (but hey, fair’s fair). This has not noticeably stopped the left from pursuing Marxism at every turn.

Which leaves two, and only two, possible explanations: 1) Lefties are incapable of ever learning anything, even when presented with the most incandescently obvious facts; or 2) Keynesianism, like Marxism, isn’t an economic theory, and probably never was.
- Severian | 08/07/2014 @ 08:25

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“They Wish to Retain Their Power by Keeping the Masses Ignorant About Economics”Thursday, August 7th, 2014

“They Wish to Retain Their Power by Keeping the Masses Ignorant About Economics”
Thursday, August 7th, 2014