This John Hawkins piece just happens to open with a “Quote of the Day ” post of mine from the other day . No great significance there , just my musing . Anyway , the point of the article ( well made ) is to verbalize the reasons that inevitably betray the left’s economic policies and doom them to failure .
We who subscribe to a more ” original intent ” type of philosophy in matters of import most likely find Hawkins’ truths to be self-evident . At risk of preaching to the choir , I recommend his post as a concise yet thorough primer to fall back on the next time you are innundated with the usual “we just need to spend more ” litany from your more progressive friends . The aforementioned mantra is , as we know “the solution to all ills” to the progressive mind .
PS: To be fair I must take slight issue with Mr. Hawkins on item #6 . The way I see it , the Right side of the aisle , with scant few exceptions , has been just as eager to regulate us into an early grave us the progressive left .
“There’s a reason it took the country so long to pull out of the Great Depression under FDR, why Americans became acquainted with the Misery Index under Carter, and why we’ve had the weakest economic recovery from a recession in U.S. history under Obama. Liberal economic policies just don’t work. In fact, the only time left-wingers have taken charge in the last 40 years without decimating the economy was during the Clinton years when Republicans in Congress balanced the budget and spent 6 years strong-arming Clinton to keep him from molesting the economy like one of his interns. This is no coincidence; it’s a natural consequence of the errant liberal view of economics.
1) Keynesian stimulus doesn’t work. As Walter Williams has pointed out, the whole idea of revving up the economy via a government stimulus is doomed from the start.
…Where does Congress get the resources for the spending? Well, there is no Tooth Fairy and there is no Santa Claus. So, the only way Congress can get one dollar to spend is to take that one dollar from Americans, borrow that one dollar from Americans, or inflate that one dollar from Americans.