Thursday, May 31, 2012

Deficits are both immoral and the cause of economic catastrophes

The problem for MMTers, Keynesians and “progressives” is that deficits are indeed:

a) immoral; AND

b) contribute greatly to economic catastrophes.

Despite decades of confusion and muddle from the Keynesian elite in academia and the media, average people know this. In fact, only 20% of the 18-29 year olds agree that government spending is an effective way to economic growth.

What average people don’t seem to understand is that both deficits and inflation are purposeful government policies enacted and defended by people known as “Keynesians”. These points should be shouted from the rooftops. There should be ubiquitous airplane banners announcing the truth.

Romney is a bankster and Keynesian. Therefore, he has to fool the public into thinking he’s opposed to deficits while signaling to his masters in the elite that he is not going to abandon their Keynesian looting spree.

That's why you MMTers are so important to the cause. By being so explicit in your claims that fiat funny-money "printing" through keystrokes is a policy that actually should be enacted, you help alert the public to the true nature of Keynesianism and help undermine decades of Keynesian obfuscation.

Thanks again.

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