POLLIWOG (Tadpole): the early stage of an animal that will eventually become a frog, hoping to be kissed by a princess, turning into a prince! POLIBLOG (Political Blog): the early stage of a center-right political blog that may eventually become a full blown blog of the center-right. Join in if you find any merit in the comments. If you are on the left and disagree, feel free to straighten me out! Who knows, with effort from all of us this blog may turn into a prince!

Location: San Diego, California, United States

Saturday, March 13, 2010

"There Is No Keynesian Miracle"

Paul Johnson, a respected British historian and writer, explains why our administration, Keynes and many leftist economists are wrong. Let's hope they wake up!

Penultimate paragraph summarizes well:

"It would be a welcome change to see a serious contender put forward a basic proposition of economic and financial policy such as the following axiom: "There is nothing essentially different between running government finances and those of a family. The same penalties for recklessness and folly apply to both. And, in both, the same prudence, integrity and self-sacrifice will bring success. Anyone who tells you different is deceiving you.""

Keynesian Economics is self serving to the left, allowing them to acquire POWER at little cost to themselves, as is Cap and Trade and Obamacare.

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