Every vacation time Case Western University has, I get to debate the young Keynesian skulls full of mush. They come to visit, and start regaling me with regurgitations of what they learned in their latest college level economics courses. (Milton Friedman, Adam Smith, and Fredric Bastiat must be rolling furiously in their graves with the state of economic study in today’s colleges.) Fortunately, the structure of our nation, which allows for 50 separate entities to act as laboratories as to which kinds of policies are effective, and which ones are destructive, can lend impartial testimony. Fifty years ago, Texas was governed almost exclusively by the Democrats, and California almost exclusively by the Republicans. At that time, Texas was a backwards economic blight on America, and California boasted an economy which if considered separately, would have been the Fourth largest in the world.
The story today is much different for those two states, as are the roles of who governs them.
Part of the problem with the self anointed intellectuals is that while they are able to eloquently describe in great detail how their theories are completely sound, and Keynesian economics are superior to other schools of thought, not a single one of them can adequately answer the question of why it has never worked, and in fact why it continually makes any problems far, far worse.
“We just didn’t do it big enough.” “We chose the wrong people to make the decisions.” “It would have been worse still, had we not implemented those policies.” Of course each of these answers forces one to completely ignore the harshest lessons taught by history, as well as completely discount human behavior. Businesses are fleeing California. Texas is booming. Every state with a Republican Governor is outpacing every state with a Democrat Governor in terms of job growth, per capita income, and consumer confidence. That fact alone is simply astounding.
Have no fear though, Barack Obama is around to inflict bloated and grotesquely overbearing bureaucracies upon those states that show too much positive accomplishment. The EPA has taken to flying drones all over Texas and North Dakota for the express purpose of slowing their job growth to match that accomplished by the Democrat run locations. And you thought he didn’t care!
Cross Posted from Musings of a Mad Conservative.
Tags: California
jihn maynard keynes would have never approved of what is being done ‘in his name’
David Solway has a really good piece at pjmedia that speaks to this.
Cognitive Dissonance On The March
[]
There is I think an indisputeable truism, states
run by Republicans attract business, thereby
creating jobs.
In states where Democrats are in control, buiness
& property owners face confiscatory taxes, so that
the Democrats can take the money & bribe their base
with it.
Business & homeowners flee.
I get the increasing impression that the California High Speed Rail project is designed to fail. None of the people who are designing it actually intend to use it, if they were, they would have designed a more direct LA to SFO route. But this way, when it inevitably fails, they can blame on greedy Republicans who didn’t give them enough money to build the more direct route.
The primary failures of Keynesian economics are devaluation of the currency and misapplication of tax dollars. The former is obvious, the latter is usually missed by liberals who see government spending as a goal in and of itself. To be useful, Keynes requires that you use tax dollars to purchase an economically useful item. Such as a hydroelectric dam or a needed highway. These encourage further private investment. If you spend it on public employment or economically useless projects like Roosevelt so famously did, you are further degrading the economy. For the simple reason it takes 16 private employees to maintain one Federal workers and 32 private employees to maintain one State worker.
Can we all agree that Obama is a Kenysian?
Elizabeth Warren whines that we are not spending
enough on infrastucture, you know like the enightened
Chineese. Other Dems got behind that.
With all of the stimulous money squanered shouldn’t
there be new bridges all over the place & coast to
coast new highways?
@ RIX:
O God, please move the People of Massachusetts to rise up and turn this Fake Squaw away!
Macker wrote:
I think that they will.
@ The Osprey:
Every time I watch this, I laugh at how STUPID these Effeminates are!
re: The EPA has taken to flying drones all over Texas and North Dakota for the express purpose of slowing their job growth to match that accomplished by the Democrat run locations.
hey! does anyone know for sure? I think a state has the right to control it’s airspace, no?
@ Guggi:
has CBS blamed the Tea Party yet?
“Every state with a Republican Governor is outpacing every state with a Democrat Governor in terms of job growth, per capita income, and consumer confidence.”
An obvious cause and effect relationship. Economic prosperity motivates people to vote Republican.
Guggi wrote:
How impressive that the officer was able to think of a clever put-down while being shot by the suspect.
Moe Katz wrote:
not cool.
brookly red wrote:
not yet, but in 5, 4, 3, 2, 1……
Guggi wrote:
I checked at CNN and the posters already are…
@ brookly red:
Not at all surprising, to the Left there is no greater evil than the TEA Party.
Da_Beerfreak wrote:
there is an unconfirmed report of a 2nd shooter… if true, conspiracy and not a lone nut.
From about an hour and a half ago:
Shooting at Sikh temple: Seven dead, including suspected gunman, police say
Da_Beerfreak wrote:
when I read the comments I am truly afraid… I wonder how many are political ops and how many are just stupid.
brookly red wrote:
i think TX might have unique rights in it’s Constitution in this respect. I lived there for a year but it was a long time ago so i can’t recall and things can change. my initial reaction to you question was to just think FAA and say not possible.
Kirly wrote:
Thank you. I don’t mind the surveillance part all that much, BUT it is only a matter of time till one of these things collides with a commercial carrier.
@ brookly redI don’t mind the surveillance part all that much:
That is truly a frightening statement and sentiment. If that’s a common attitude, we are truly lost.
/lurk
@ CynicalConservative:
yeah, i mind the surveillance too. it is too “1984″-ish for me.
brookly red wrote:
Personally I find the surveillance aspect utterly unacceptable. What ever happened to the concept of needing a warrant to place anyone under surveillance. You remember that dusty old document, written by those old dead white guys…
CynicalConservative wrote:
I’m with you on that on. The drones are part of the Left’s plans to destroy our privacy any way they can. Privacy interferers with the smooth running of a police state, and that interference can not be allowed.
brookly red wrote:
As a New Yorker, you’re likely more used to being constantly surveilled -- I don’t think much of America is aware of the extent of the surveillance on their daily lives, if they were, they’d be shocked.
Texans will be waving from their rocket ships at Californians in their choo-choo trains.