Rational Nation USA

by Liberty at Stake In my most recent post, “ Barry’s Pyrrhic Victory Lap ,” I explained why the Empty Suit known as Barack Hussein Obama running for re-election on newly manufactured national security credentials is an absurdity. Now I shall explain why BHO may have no choice but to run on this absurdity - all the way to “Shellacking II,” scheduled for November 6, 2012. The explanation is summarized by the following Lisa Benson cartoon, and this simple truth we are all living in real time – BHO’s economy sucks . And it will continue to suck as long as he remains in office, because BHO and the Progressives are stuck on Keynesian, stupid . Before I explain in further detail, I offer to the reader a very clever YouTube video that is very educational on three points in a very entertaining format: (1) the assumptions underlying the macroeconomic theory of John Maynard Keynes, (2) the competing assumptions underlying the macroeconomic theory of Friedrich Hayek, and (3) the plain f...

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...