Praul Krugman wants more spending
Here at A Voice in the Wilderness we offer you un-apologetically conservative commentary. But we also want to begin to offer you more analysis of what the other side, what the Left, is saying about the same issues we cover here. We want to be very clear regarding liberal thought so that you can see the stark, fundamental contrasts in thinking and worldview the two sides have.
This isn't meant to incite hatred or animosity, but simply to highlight the key differences between Right and Left, liberal and conservative, Republican and Democrat. When we don't know what we really disagree with someone about, we resort to name-calling and personal attacks. Let's change the dynamic of the political discourse in this country by "knowing thy enemy", both in word and in deed.
Few voices better represent entrenched liberal dogma than Dr. Paul Krugman, chief economist of the New York Times. Writing in today's Times, Krugman lashes out at the president...but for not spending enough this past year. Go figure.
He states:
The nature of America’s troubles is easy to state. We’re in the aftermath of a severe financial crisis, which has led to mass job destruction. The only thing that’s keeping us from sliding into a second Great Depression is deficit spending. And right now we need more of that deficit spending because millions of American lives are being blighted by high unemployment, and the government should be doing everything it can to bring unemployment down.
Right. We've over-spent ourselves in to a financial mess, so the only way to get out of it HAS to be more spending.
This, my friends, is what is known as Keynesian Economics.
Broadly speaking, it is a theory that touts government intervention (primarily via spending) to keep an economy healthy. The problem is, it doesn't work and further confuses and complicates private enterprise and free markets. Keynes has been beloved by progressives, liberals, and Democrats for decades because he gives intellectual shelter to their statist, collectivist, "big government as stimulus" ideology.
Krugman is ripping Obama not for doing too much, but too little. He's to the Left of Barack Obama. Think about that. When we need tax cuts and, more importantly, cuts in spending, the Left is calling for a doubling-down on money we don't have. Any Republican who contributed to this recklessness in the past, or tries to in the future, must be held accountable as well.
Here's a short video on "Why Keynes Was Wrong". It's very simple: If you want to understand the economic thinking of liberal Democrats in this country, watch this video:




February 3rd, 2010 - 02:38
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