Post by platon on Nov 1, 2019 11:20:51 GMT -5
The problem here is not that I don't think for myself, the problem is that Liberals always "think" they "think" for themselves when they are doing nothing but repeating the globalist theory of "listen to us we know everything", when in reality you know nothing. You look history in the face and deny it, you put your agenda over freedom and prosperity. You are wrong.
Your belief system was wrong when it said this:
""Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world's most important economy would be very bad news," he wrote. "What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in."
Krugman's pessimistic view comes in the wake of a more than 800-point plunge in U.S. stock futures that coincided with Trump's increasingly strong showing in the polls. Trump has repeatedly attacked the Federal Reserve, accusing Chairwoman Janet Yellen of keeping interest rates low in a bid to help the economy and get Hillary Clinton elected.
"Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work," Krugman wrote. "So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened."
Paul Krugman is a Keynesian economist. Even the the Keynesians agree that the Government spending on WWII brought about the end of the Depression. They were wrong as well, simply wanting to take credit to enforce their belief in big government to cure our ills.
From Moore's article above:
"In sum, it wasn’t government spending, but the shrinkage of government, that finally ended the Great Depression. That’s what should be, but isn’t, in every history book."
Your statement specifically stated from the 40s and 50s came the recoveries, when actually government spending was being drastically reduced in the mid 40s and continued into the 50s. In the early 40s it was the taking of 12 million humans into the war machine, and in the late 40s continued with the dramatic cuts in government spending and a return to the idea of freeing the private investors to rebuild the economy.
The greatest Ponzi scheme of all time, and government created jobs, did little more than grant temporary relief to those who indeed were suffering at the time. In fact SS was passed originally as temporary but the human appetite for security blinded them to what was really going to happen to their money in the long run.
In short if you read the article you will see that it agrees with you that it wasn't spending on the war that ended the Depression, rather it was the decrease in government spending beginning in the mid 40s and continued into the 50s that spurred private investors to step in and rebuild the economy.
The Keynesians were wrong and so are you. Smaller federal government is always better for the economy. If you think you are thinking for yourself, you are sadly mistaken.