This video is an excellent portrayal of the differences between economic philosophies: Keynes:"I want to steer markets" vs. Hayek: "I want to set markets free." Keynesian philosophy is that government should control the economy, should step in to "stimulate" the economy and take charge of many elements of daily life. Hayek believes in a free market that would take care of and correct itself. Notice that the actor portraying Hayek is a geeky bald guy, while Keynes is appealingly tall and somewhat good looking. All the chicks are hanging on the generosity of the free spending Keynes, who is giddily covering everyone's tab and drinking up a storm. The headache comes the day after, of course, just as our headache is on its way financially.
Tea partiers have been demonized by Keynesians, partly with the claim that no taxes have yet been raised, as if the monstrous health care bill will not come with an enormous bill. This week, our overlords are discussing raising taxes on gas and all forms of energy, yet we are not supposed to look ahead and know that the bill will come due.
This is the height of ignorance and arrogance. Responsible citizens do not spend what they do not have; they budget for new expenditures and save at least a little bit for emergencies. This whole pattern of behavior is being ignored by our government and the Keynesian spouters who mock our concern about the future.
Apparently we are supposed to sit around and wait for the disaster to happen, as if our country means so little to us that we will allow greedy buffoons to run it into the ground, controlling every aspect of our daily lives along the way.
The video is from THIS website.
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