| rdfs:comment
| - Keynesianism is the false belief that "math, "evidence", and "facts" are a good way to run an economic system. It sometime requires countries to carry a deficit in order to save their economy, when everyone already knows the only good reason to carry a deficit is to build up a military in order to prepare to fight an enemy that ceased to exist 20 years ago, or to fight a war that is totally justified because a guy we don't like might have some weapons (and oil) And if turns out he doesn't have them then is is because he is a bad person (with oil). Or because people are paying nearly %15 percent of the tens of millions of dollars they make every year into federal taxes and they need relief, no matter the cost to the economy. But to try and prevent a Great Depression with Keynesianism is jus
- When the government is short on cash, it can borrow and keep spending anyway. The reader can take a dollar bill out of his pocket and look at it. Is this one of the bills that corresponds to gold in Fort Knox? or one of the other dollars? You can't tell. The dollar has a serial number, like portraits in some people's living rooms, but it sure doesn't tell you how many there are in the series.
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| abstract
| - When the government is short on cash, it can borrow and keep spending anyway. The reader can take a dollar bill out of his pocket and look at it. Is this one of the bills that corresponds to gold in Fort Knox? or one of the other dollars? You can't tell. The dollar has a serial number, like portraits in some people's living rooms, but it sure doesn't tell you how many there are in the series. Congress maintains the illusion of control through a "debt ceiling," a law making it illegal to pass a law that spends too much. To a Congressman, of course, illegal doesn't mean impossible; and when debt reaches the debt ceiling, an amendment is in order, and opposing the amendment is out of order, as people will say you want a government shutdown (the Army and veterans' benefits first), and blame you for everything that goes wrong thereafter. A bill to raise the debt ceiling never states that it is for "2% more borrowing," nor for x billion more, which would have to be justified; but for additional budgetary authority to let the government "run" past the next political campaign. Corporations flirting with bankruptcy talk about their "burn rate," but governments do not. That is too Nero-like. Lifting the ceiling is like a rural barn-raising, joined in by all and equally heady with the smell of manure. When the opposition is led by visionaries such as John Boehner, the debt ceiling can be abandoned entirely. This removes distractions in the way of a successful campaign to take control of the government and "stop the runaway spending," unlike what they did the last time they were in charge. Keynesianism works despite panicky claims that "eventually, you run out of other people's money." When you are the government, you never run out of anything, except perhaps common sense. Due to the magic of the number line, it is always possible to append one or more zeros to the banknotes.
- Keynesianism is the false belief that "math, "evidence", and "facts" are a good way to run an economic system. It sometime requires countries to carry a deficit in order to save their economy, when everyone already knows the only good reason to carry a deficit is to build up a military in order to prepare to fight an enemy that ceased to exist 20 years ago, or to fight a war that is totally justified because a guy we don't like might have some weapons (and oil) And if turns out he doesn't have them then is is because he is a bad person (with oil). Or because people are paying nearly %15 percent of the tens of millions of dollars they make every year into federal taxes and they need relief, no matter the cost to the economy. But to try and prevent a Great Depression with Keynesianism is just stupid. The idea that you can impove an economy by stimulating is like believing that you can run an internal combustion engine with gasoline. Obviously taxes need to be cut further for the very wealthy so that they can hide their money and make sure that common people don't try to use it to improve the stupid country, because that would be unpatriotic. It should also be noted that; if a Republican is president, deficits don't matter.
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