Rational Nation USA

By: Les Carpenter III Rational Nation USA As the economies of Greece, Portugal, Spain, and the United Kingdom teeter on the brink of collapse the progressive collectivist governing the United States is following the same  path of mistakes these European counties have. The video illustrates how stark our future outlook is if we continue down this road. However, Europe is waking up to the reality that continued deficit spending to support their welfare states needs a second look. Excepts from Karl Rove's article Obama and the Fiscal 'Road to Hell' on the President's G20 remarks. Mr. Obama's international defeat was self-inflicted. He went to Toronto to press other major nations to do as he has done: Expand government spending, or suffer, in the president's words, "renewed economic hardship and recession." Canada, Germany, Great Britain and most other countries declined Mr. Obama's invitation. Th...

The stark differences  between economists Friedrich A. Hayek and John M. Keynes is accurately depicted in the following video that will follow. Unfortunately for American society the Keynesian view of deficit spending won the day. Hayek, a brilliant and studied economic theorist never was afforded the stage Keynes so successfully captured. The results being the more rational economic theories lost the day, and to  the detriment of American society as a whole. Here are some brief excerpts from the Ludwig von Mises Institute .: T he debate between J.M. Keynes and F.A. Hayek, both living and teaching in Britain in the 1930s, was one of the great debates of the century. Sadly, the charming globetrotter Keynes had the podium and the audience, to the point of influencing policy the world over even to the present day As with the classical music show on public radio that takes apart a symphony to explain "why it is great," I want to exp...