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Posted 03/02/2012 5:43 pm
I'm not ready to say Keynesian economics is a failed idea. The main problems we are having is the over interaction of government. Today is not a well balanced plan as was suggested. The public sector which is a part of the theory has been trumped and even to the point industry is treat as threats or criminals.
Look it is not easy but certainly what we have today is heavily and what I feel is way too much government involvement in the original theory.
Come on look at the headlines today. It went something like this $111 BILLION in additional cost for the planned health care. I find it offensive that most politicians can look at this number and not drop over dead.
Now you wonder why some people are staring to not sleep and turning to PM's.
I do have an answer but it is not easy. The next time a politician brings money back to your district tell him/her NO. When they are stopped from spending then just maybe things can settle done.
Granted there is more to it but it would take far more space than this thread has to go through it all.
When you grant you leaders to control all the purse strings you are asking for problems. They know how to get elected and really don't care how they spend to get it done.
Look it is not easy but certainly what we have today is heavily and what I feel is way too much government involvement in the original theory.
Come on look at the headlines today. It went something like this $111 BILLION in additional cost for the planned health care. I find it offensive that most politicians can look at this number and not drop over dead.
Now you wonder why some people are staring to not sleep and turning to PM's.
I do have an answer but it is not easy. The next time a politician brings money back to your district tell him/her NO. When they are stopped from spending then just maybe things can settle done.
Granted there is more to it but it would take far more space than this thread has to go through it all.
When you grant you leaders to control all the purse strings you are asking for problems. They know how to get elected and really don't care how they spend to get it done.
Edited by mkfarm
03/02/2012 5:46 pm
03/02/2012 5:46 pm
, Stewart. Your facts are correct. I suspect that a fiat currency could work IF if was pegged directly to the productivity of the nation issuing it. In this case, the currency would be backed by national productivity. Those doing the issuing would have to resist the urge to play games with the currency and that seems pretty close to impossible for human beings. So... in theory my idea could work but probably not in practice. We do know from history, however, that a gold / silver / copper standard for money has worked very well and for long periods of time. Whether that is relevant in today's world could be debated. I would like to see the issue revisited at some point and, hopefully, prior to the very messy collapse of the world's major fiat money systems. That too seems unlikely, however. :-/
