http://www.nationalreview.com/blogs/print/296709
Summary: The President no longer advocates Keynsianism, because no one believes it works - and it does not, because of how it is implemented (Editor's note: it doesn't work, that's true, the reasons why are that it was never anything other than a conjecture, and the idea that a government bureaucracy could know enough to "stimulate" a world wide economy is beyond absurd. It is simply a case of massive, and characteristically human, hubris).
If you are the President, and you cannot stand behind your signature accomplishments because they are not that well regarded by the target audience - what do you say? A lot of what you say is pretty words designed to sound good to those who desperately want to like what you will tell them, whatever you tell them. The article nicely describes the contradictions therein.
"You gotta stand for something, or you will fall for anything."
Summary: The President no longer advocates Keynsianism, because no one believes it works - and it does not, because of how it is implemented (Editor's note: it doesn't work, that's true, the reasons why are that it was never anything other than a conjecture, and the idea that a government bureaucracy could know enough to "stimulate" a world wide economy is beyond absurd. It is simply a case of massive, and characteristically human, hubris).
If you are the President, and you cannot stand behind your signature accomplishments because they are not that well regarded by the target audience - what do you say? A lot of what you say is pretty words designed to sound good to those who desperately want to like what you will tell them, whatever you tell them. The article nicely describes the contradictions therein.
"You gotta stand for something, or you will fall for anything."
No comments:
Post a Comment