Schneibster wrote:The explosion's all over, Crumple; that was 2008.
It hasn't even started yet. What we've been through since 2008 is just the precursor tremors to an economic earthquake that's threatening to destroy the entire economy of the planet, which will result in widespread chaos, disorder, destruction and death. Printing more money to cover the debt is what Germany did in the days of the Weimar Republic, and it failed miserably, just as Keynesian economics have failed every time they've been tried.
Only the creation of wealth will resolve our economic problems, and until the engines of economic wealth are running again, it is imperative that we stop all governments from spending any more money, all of which has to be taken from the economy first, or simply printed as fiat money which devalues the currency currently in circulation.
The root of the economic crisis in both Europe and the US is overspending by government, mostly on socialist entitlement programs. The solution is to end that spending right now, and take to government with a broad axe, cutting programs, employees and expenses on a broad scale. The place to start is by amending the Commerce Clause to restrict Congress to mediating disputes over interstate commerce (the actual movement of goods across state lines) brought to it by the legislatures of the states, and NOTHING ELSE in regards to domestic commerce.
That alone will eliminate perhaps 75 or 80 percent of the federal government and its spending, returning all that wasted wealth production capacity back to the states and the people.
Hayek was absolutely correct that central planning does not and cannot work, and the economic crisis in Europe proves it beyond a shadow of a doubt. Time to drive a stake through Keynesian idiocy once and for all.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S
"All that is required for the triumph of evil is that good men do nothing." Edmund Burke
"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth
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