New York Times columnist Paul Krugman has decided that tax increases and more government spending is settled science.
But others aren't so sure.
It really is amazing we are still having this conversation. I'm counting the days until our federal government uses our own money to prevent us from buying Chinese which would otherwise, I'm guessing, be big sellers.
Monday, January 19, 2009
Guess who's paying attention
Subscribe to:
Post Comments (Atom)
1 comment:
What's even more amazing is the conservative bias against American values.
In Alexander Hamilton's 1791 report to Congress on manufactures, he wrote:
"but in a community situated like that of the United States, the public purse must supply the deficiency of private resource. In what can it be so useful, as in prompting and improving the efforts of industry?"
Government spending as a means of stimulating the economy is a settled economic science.
The last eight years of "free-market" economics proved to be its predictable disaster. That is a settle science.
Conservative economics is a reincarnation of the worst of Warren Harding (R), Calvin Coolidge (R), Herbert Hoover (R), and the Bushes, except that Coolidge was committed to reducing the national debt. Instead, Bush, following voodoo Reaganomics sought to further expand the national debt.
Revenue to meet the needs of the people can be achieved by moving to a system of proportional taxation as espoused by Alexander Hamilton, the hated patriot of conservatives. In Federalist Paper 12, he wrote:
"The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates. Commerce, contributing to both these objects, must of necessity render the payment of taxes easier, and facilitate the requisite supplies to the treasury."
Proportion connotes fairness. That too is anathema to conservatives.
It comes as no surprise that John Stuart Mill said of conservatives: "Conservatives are not necessarily stupid, but most stupid people are conservatives."
Post a Comment