Old Project Avalon Forum (ARCHIVE) - View Single Post - WHY OBAMA'S STIMULUS PLAN WILL FAIL ... And A Better Alternative

peaceandlove · 01-20-2009, 02:39 AM

Why Obama's Stimulus Plan Will Fail... And A Better Alternative
by Jake Towne

Source: http://www.campaignforliberty.com

Keynesian and Monetarist economic central planning always comes to a nasty end, as shown by the Austrian School's Henry Hazlitt, F.A. Hayek, Ludwig von Mises, Leonard Read and Ron Paul.

This essay will make three key points as to why Obama's stimulus plan will fail and then will suggest a much simpler plan that will not end in failure and should actually improve the situation. The first reason why Obama's central economic planners will fail is because they are too focused on full employment rather than full production. The second reason is that the American economy, or any economy, is far too complex for any central planning group. The third reason is that Obama's proposal of more stimulus spending is exactly what got us into this mess. I even submit to you that Obama's team has no idea how to even produce a pencil; in fact none of us do. Let me explain.

Essay Here: http://www.campaignforliberty.com/article.php?view=3

Excerpt:
Why all this spending? It is because our government, central bankers, and almost all modern-day economists still subscribe to the benefits of government spending to ease downturns, which follows the teachings of Lord Keynes and Milton Friedman. However, this strategy is only a stalling tactic; it falls apart when the currency implodes. As Ron Paul warns, when the dollar dies so does our entire economy. I wrote more on this here "The End for the Dollar and all Fiat Currencies (1/5)". Unfortunately, our fractional reserve banking system is helplessly insolvent, as I proved in " Rioting at the Gates of Thermopylae," even going so far as to predict the breakdown of Citigroup, which just occurred.

My point is playing "Spenda" this time will likely not work; in fact, even if it does, this only means that the next downturn will be downright disastrous. Those who have studied the Austrian School's Misesian boom-bust cycles are already aware that all depressions and recessions in America in the last hundred years were all brought on by inflationary (usually war) spending, then resolved by government spending, and each aftermath has pushed the dollar closer and closer to its demise....

http://www.realityzone.com/currentperiod.html

01-20-2009, 02:39 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	WHY OBAMA'S STIMULUS PLAN WILL FAIL ... And A Better Alternative Why Obama's Stimulus Plan Will Fail... And A Better Alternative by Jake Towne Source: http://www.campaignforliberty.com Keynesian and Monetarist economic central planning always comes to a nasty end, as shown by the Austrian School's Henry Hazlitt, F.A. Hayek, Ludwig von Mises, Leonard Read and Ron Paul. This essay will make three key points as to why Obama's stimulus plan will fail and then will suggest a much simpler plan that will not end in failure and should actually improve the situation. The first reason why Obama's central economic planners will fail is because they are too focused on full employment rather than full production. The second reason is that the American economy, or any economy, is far too complex for any central planning group. The third reason is that Obama's proposal of more stimulus spending is exactly what got us into this mess. I even submit to you that Obama's team has no idea how to even produce a pencil; in fact none of us do. Let me explain. Essay Here: http://www.campaignforliberty.com/article.php?view=3 Excerpt: Why all this spending? It is because our government, central bankers, and almost all modern-day economists still subscribe to the benefits of government spending to ease downturns, which follows the teachings of Lord Keynes and Milton Friedman. However, this strategy is only a stalling tactic; it falls apart when the currency implodes. As Ron Paul warns, when the dollar dies so does our entire economy. I wrote more on this here "The End for the Dollar and all Fiat Currencies (1/5)". Unfortunately, our fractional reserve banking system is helplessly insolvent, as I proved in " Rioting at the Gates of Thermopylae," even going so far as to predict the breakdown of Citigroup, which just occurred. My point is playing "Spenda" this time will likely not work; in fact, even if it does, this only means that the next downturn will be downright disastrous. Those who have studied the Austrian School's Misesian boom-bust cycles are already aware that all depressions and recessions in America in the last hundred years were all brought on by inflationary (usually war) spending, then resolved by government spending, and each aftermath has pushed the dollar closer and closer to its demise.... http://www.realityzone.com/currentperiod.html Last edited by peaceandlove; 02-03-2009 at 12:27 AM.