By James Hall – Breaking All The Rules –
“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.” From The General Theory by John Maynard Keynes
Much of the centralized planning and rationalization for the Fascist alliance between the State and Corporatism is rooted in the erroneous Keynesian fiscal tenets, which plague Western economies. Without a widespread acceptance of an alternative economic model, the political despotism will continue to ruin the financial futures of generations to come. The ruling political class is so enamored with the free spending debt dogma that prospects for abandoning such deviate and suicidal policies will meet with ardent resistance from the establishment. Need proof, just look at the historic disparity in income and net worth that has doubled the paper wealth of the top elites as the general population languishes.
Prolific academic and Libertarian Gary North takes on this issue in his article, On Replacing the Keynesian Establishment. His essays are always informative, historically based and intuitive in presenting a fresh viewpoint in dealing with the dysfunctional economic system that has become our mutual prison.
“In planning to undermine the Keynesian establishment, there really needs to be somebody with money and vision who sits down and devises a plan to do it . . .
There is nothing even remotely resembling a systematic program to deal with Keynes, let alone Keynesianism. That’s why I devised one, but limited it tactically. It has to do what has not been done, namely, to bury Keynes’s major book. That is where the resistance must start; that is not where it should end.”