surfdumb
2010-05-03 12:42:05

Right, but to quote J. Keneth Galbraith “There is a widespread notion that one of the most primitive of modern ideological choices is whether a government shall be Keynesian or not . . . no present or future administration really has the non-Keynesian choice.” Regardless of which political party is in office, the nature of this political economic system, once it was implemented, became self-perpetuating. It moves the country toward a self-socializing form of government regardless of the desires of the People of this country and even our elected representatives. The revolution in economy thought during the 30′s was far more than economic in nature; it was also completely revolutionary in the political and social arenas as well.
There should be no doubt as to the direction the Keynesian, Neo-Keynesian and Post-Keynesian ideologies are taking this country. As Paul A. Samuelson stated: “[Fascist Regimes] have often passed socialistic measures. This is not a paradox at all, for fascism was (or is) a form of socialism similar to British socialism, or to the managed-currency, welfare state proposed by American Keynesians.” Keynesian lunacy has run rampant in our country and still, to this very day, influences our government in ways that few understand. According to these ideologues, government spending, obviously of any type, stimulates private employment and economic stability, yet it is all financed through taxing or inflationary monetary policy which drains and strains the entire “private sector” within the mixed economy. As we have seen, this government, along with its partner in managed finance: the Federal Reserve Bank, has effectively manufactured the monetary system needed to achieve the socialization of this country, without the use of a fiat monetary system none of this would be possible.
From http://1776solution.blogspot.com/2009/02/destructive-keynesian-continuum.html