Economic Fallacies And The Fight For Liberty | ZeroHedge
…What passes for informed economic analysis is becoming more unhinged from reality by the day. The very same solutions are being offered that had a hand in causing the crisis to begin with. That is: interest rates suppressed beyond market levels, increased government spending, economic micro-management, housing market stimulus, and more accommodating monetary policy. Getting out of the way and allowing the economy to reach sound footing is too radical of an option for the busybodies of the state. Still, Keynesianism continues to fall short. Intellectuals of the school keep failing to recognize the harm their theories cause. Their policy recommendations are a rehashing of the same fundamentally pro-state theory: government needs to spend more and more money needs to be printed into circulation.
Meanwhile the average private sector or low-wage worker sees a system stacked against him. Public sector workers receive better pay and benefits. Politically connected banks and large financial companies are bailed out for poor business decisions. Industries totally under government supervision such as health care and education have become terribly inefficient. Countless lives are lost or ruined from wars based on lies. The prices for necessities at the supermarket are always inching upward. Privacy is trampled upon by overzealous law enforcement. Wallets are treated like a grab bag by tax collectors. And the solution put forth is always bigger, more intrusive government. The false dichotomy of liberal versus conservative is played out in the West as if there is an actual difference between the two. In short, it’s only a matter of time before the ideas ignored by the establishment are given more serious consideration by the greater public… via Guest Post: Economic Fallacies And The Fight For Liberty | ZeroHedge.