Monday, March 4, 2013

The Keynesian Trifecta - Theft, Borrowing and Counterfeiting

To hear Washington tell it, if we cut back on the increase, not the total, but the increase of government spending, we're going to go bankrupt, resort to cannibalism, and start listening to disco again.  30 seconds of video here.  Please watch it.  Who does it remind you of? 

Let's break down the Keynesian Logic (sic) here....

Economies rely on spending. 

I spend a lot, and you spend a lot. 

Government takes money from both of us, and spends it.  This makes it look like government spends even more, and is even more vital.  But it's the same amount of money. 

But even if we weren't spending our money instantly, we would have it in a bank.  The bank attracts our savings by paying interest.  The only way they can generate this interest it by loaning it to other people who want to..... spend it. 

Government takes our money by force.  If the only rationale for this theft is to create jobs and help the economy, we could be doing that without their freakin' help.  I want to create jobs in industries that I like, not necessarily in industries that have given The Teleprompter Jesus a shitload of contributions.  Plus, even though I'm a moral leper, I still don't like giving money to an asshole who blows up children with drones.   

Some of the other money pumped into our economy is borrowed from other nations, other individuals, or from ourselves.  Keynesian economists don't worry about this, mostly because they're not the ones who will have to pay it back. 

The other money pumped into our economy is printed at a facility on Blue Mound Road in Fort Worth TX, or at another facility in Washington D.C.  Nothing is backing it.  Not gold, not silver.  It's just paper. 

Taking money by force is bad.  Printing money out of thin air is bad.  Borrowing isn't necessarily bad in some cases, but if you're putting the loan on the credit cards of 5-year-olds, it's bad.   

If the only things keeping our economy afloat are 1) theft 2) borrowing, and 3) counterfeiting, then we need to re-examine everything we think we know about government, economics, and politics. 

The piper is coming, and he's gonna get paid. 

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