To: MN DFLers
From: Mitch Berg, Uppity Peasant
Re: The Inevitable End Result Of Keynesianism
I know – most of you don’t know what “Keynesianism” is. It’s the economic theory that using government tax and monetary policy to “stimulate” the economy is the most effective way to ensure the economy grows steadily and doesn’t have ugly cyclical downturns.
Unfortunately – as we’ve seen in Japan – it doesn’t work. Hiking taxes, and turning (some of) them into “stimuli”, makes things worse, not better.
Yep, the Democrat party – and the DFL with it – is built on Keynesianism (too much of the GOP has reached an accomodation with it as well, but that’s something for us to root out and kill on our own).
Keynesianism’s inevitable end results gave us the malaise of the ’70′s. And it’s Keynesianism – delivered by its greatest, worst advocate in US history, Barack Obama, as well as locally by is oompa-loompas in the DFL – that are dragging the American economy down – and, if you’ve noticed by the fact that Minnesota’s tax revenues haven’t kept up with forecasts yet this year, Minnesota’s as well.
Just warning you.
That is all.