Republican Teagagger Party Raising Taxes

[Tyrannical]

More juicy news.....

Ron Paul wants to cut both spending and taxes, and end crony capitalism. Unlike your BFF Obama.

And of course he will be able to do that, unlike any other president to date.

I'd give Ron Paul a better chance than his predecessors.
Politics is like a game of chicken, who ever blinks first loses. But Ron Paul won't ever blink, and everyone knows that.
So Ron Paul get's his way.

[Schneibster]

They must be assuming most people have also drifted so far to the right that they no longer believe in Keynesian economics, either. I think they're in for a rude awakening.

Good point. Most people still believe in God, which isn't much more credible than straight Keynesian economics.

Seems to have worked alright for the last seventy-five years.
People like the tea party can spout out whatever theories they like, but when the shit starts to hit the fan, where do most people still turn? To government to pull out the spare tire, because nobody else has one. http://en.wikipedia.org/wiki/2008%E2%80 ... resurgence

Krugman argues, partly in jest, that the government is an insurance company with an army.

Libertarians always want to move the insurance function to the private sector, never recognizing that as an entity that can print money, government has to be the last resort.

Libertarians know nothing of economics.

[Schneibster]

They must be assuming most people have also drifted so far to the right that they no longer believe in Keynesian economics, either. I think they're in for a rude awakening.

Good point. Most people still believe in God, which isn't much more credible than straight Keynesian economics.

Seems to have worked alright for the last seventy-five years.
People like the tea party can spout out whatever theories they like, but when the shit starts to hit the fan, where do most people still turn? To government to pull out the spare tire, because nobody else has one. http://en.wikipedia.org/wiki/2008%E2%80 ... resurgence

Keynes is sooooooo 2009

Austrian economics resurgence 2010-????

This is an excellent cue to explain, yet again, where the Austrian School (and ultimately the freshwater school) came from.

First, original Keynesian economics was unable to deal with stagflation. There was a divide: one side said to discard Keynes and start over, the other side said to fix Keynes' ideas and move on. Since Keynes advocates not letting the rich get too rich, because they clog the economy's jets, the greedy sociopathic ones supported throwing it all away and imported a bunch of ex-Nazis instead, and established them at the University of Chicago, establishing freshwater economics. Meanwhile, the ones in favor of fixing Keynesian economics remained at the saltwater schools (since the rich peoples' tools harassed them until they left the freshwater schools). This established saltwater economics.

Because Keynesian economics works everywhere we had ever been except stagflation, ultimately freshwater economics was bound to fail, and it has. First in Chile under Pinochet, and then in the US under Reagan and Bush 41. Because it had gotten tangled up in politics, the flacks continued to advocate it since they dare not admit they were ever wrong, and now, finally, it has been ultimately discredited to the point where everyone can see it, under Bush 43, culminating in the financial crisis he managed to stave off until he was out of office and the flacks could pretend it wasn't his fault. And the rich people, just as Keynes claimed they would and had in the Great Depression, are clogging the jets. Tax that money-- the money that's clogging the jets sitting in their bank accounts-- away from them and your problem disappears. Another approach is to inflate it away by printing more money, but that's unfair to everyone when the problem is the rich. Note the plurality of rich people who are agitating to be taxed. That's why; they know. They also know everything, or most everything, won't be taken away, because they're not paranoid sociopaths. And they see that they can give up enough to unclog, and that the only thing that forces the printing of more money, and the devaluation of everyone's stuff rather than a minor inconvenience to the richest, is greed, and they're determined not to be that greedy despite the behavior of their cohorts.

Libertarians know nothing of economics.

[Schneibster]

You know teabagger is already an insult don't you? The best bit is they chose it all by their retarded selves

I like to put my own extra twist into the knife after I sink it in. You've probably noticed.

[Schneibster]

Politics is like a game of chicken, who ever blinks first loses.

Sociopathic.

But Ron Paul won't ever blink,

Inflexible. Brittle.

[Clinton Huxley]

You know teabagger is already an insult don't you? The best bit is they chose it all by their retarded selves

I like to put my own extra twist into the knife after I sink it in. You've probably noticed.

I think being called a "Republican" would be pretty insulting, all by itself....

[Schneibster]

That's OK, you think Democrats are worse, Clinton.

[Clinton Huxley]

That's OK, you think Democrats are worse, Clinton.

I think the experiment in universal sufferage has failed and we should restore the rights of the hereditary aristocracy.

Just opining.

[Schneibster]

Nawww, that's who made the mess. Again.

Find the smart ones. Make 'em want it. Then don't let 'em have it too long.

[Seth]

Are the people who'd benefit from it even educated enough to know about Keynesian economics?

Yes, which is why they reject it, because it's an idiotic philosophy. TANSTAAFL

[Svartalf]

If they rejected while having received instruction on the subject, then they are not educated, but indoctrinated.

Keynesian economics works a millionfold better than trickle down economics.

[Pensioner]

If they rejected while having received instruction on the subject, then they are not educated, but indoctrinated.

Keynesian economics works a millionfold better than trickle down economics.

You are nothing more that a Marxist Communist Socialist progressive to say such a thing.

[Svartalf]

and proud of it.

[Pensioner]

[Tyrannical]

Ever wonder why the rich seem to get richer and the poor poorer?
Keynesian economics