Keynsian Economy

The United States of America. An economic giant based upon the fundamental tenants of freedom and ownership; ie, the free market system. And anyone in any way interested in economics or history knows the name of John Maynard Keynes. Father of macroeconomics and depicted as a hero to his nation. 

So the text books say. Most of us are also familiar with Communism’s economic system. Total government control - known by some as dictatorship. 

So who is this Keynes? Zygmund Dobbs, a researcher on Keynes, wrote in a book called ‘Keynes at Harvard’, 

“Singing the Red Flag (communism), the highborn sons of the British upper-class lay on the carpeted floor spinning out socialist schemes in homosexual intermissions.” (emphasis added).

My point in putting this here is not to shed light on his preferences but upon his political attachments.

Dobbs - “The attitude in such gatherings was anti-establishmentarian. To them the older generation was horribly out of date, even superfluous. The capitalist system was declared obsolete and revolution was proclaimed as the only solution....Chief of this ring of homosexual revolutionaries was John Maynard Keynes.”

So what does a radical revolutionary who sees democracy as outmoded have to do with being a hero of economics? Times included Keynes as one of the most important and influential figures of the 20th century, adding that “His radical idea that governments should spend money they don’t have may have saved capitalism.”

Is it starting to come together? Spending money they don’t have?! I believe we did that in the 1920’s and it led to the most devastating depression our nation has ever come to.  My questions is if we fall again, will we be able to get back up again?

David Noebel declares that as Keynesian economics is now known as interventionism, “Interventionism is not a totally state-planned economy nor a completely free market economy, but a combination of the two, where the state plays a role in redistributing wealth created in a partially or mostly free market environment.”

Keynes himself declares, “By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of wealth of their citizens. By this method, they not only confiscate, but confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. The process engages all of the hidden forces of economic law on the side of destruction and does it in a manner that not one man in a million can diagnose.”

Does that quote frighten you? I know it does me. 

David Noebel - “Today’s Fabians/Progressives/Radicals allow their capitalist enemies to create wealth, but acquire it by taxing them instead of slaughtering them. They are then free to distribute the wealth among the economically disadvantaged, the intellectual elites, and the superior governing classes.”

Noebel - “Socialists are united in their desire to see capitalism destroyed, either forcefully or gradually, and most would rejoice if Christianity were destroyed along with it. Socialists and liberals generally see in Christians ‘an infallible marker of mental retardation.’”

For one with mental retardation, let me line out what socialism will look like by using their own words. George Bernard Shaw, a Fabian, wrote in ‘Intelligent Woman’s Guide to Socialism’

George Bernard Shaw - “Socialism means equality of income or nothing, and that under Socialism you would not be allowed to be poor. You would be forcibly fed, clothed, lodged, taught, and employed whether you like it or not. If it were discovered that you had not the character and industry enough to be worth all this trouble, you might possibly be executed in a kindly manner; but whilst you were permitted to live you would have to live well.”

And here is the distinction of matter between a Free Market System and a Closed Market System like Communism. Democracy cries for freedom - equality of opportunity. Everyone has the equal opportunity to succeed. Communism declares freedom - equality of means. Everyone Is equal on every economic level. No one fails, and no one succeeds. Everyone is even. (Except when it ends up that everyone is poor, like what happened to the Soviet Union, then the government gets rich and everyone else is equally poor.)

Jared Williams