It’s taxpayers versus Washington.
Let’s hope that the Republicans finally figure that out this fall, and don’t forget it.
7 thoughts on “It’s Not Republicans Versus Democrats”
Comments are closed.
It’s taxpayers versus Washington.
Let’s hope that the Republicans finally figure that out this fall, and don’t forget it.
Comments are closed.
That was worth watching. Thanks Rand.
Keynesianism persists because statists of all stripes love it.
Even if somehow they’ve got the crazy notion that Keynes loved overhead for the sake of overhead – as opposed to fundamental infrastructure with solid returns.
Well, yeah, Al, because all that infrastructure that Keynes was talking about has already been *built*. Most everything that government’s taken upon itself to produce in recent history has been private goods…
A trillion dollars of fission plants is true infrastructure that could be (physically) built. (And happens to both hedge our bets on global warming and dramatically ease energy policy problems.)
The thing I find wildest is how weirdly some of the “infrastructure” spending went. Here in Washington State, we have a couple of looming major projects – but our pork went into a couple hundred variable signboards bought from China for “safety improvements.” No lanes, no overpasses, no interchanges. Just signs that are most always going to say “Congestion ahead.”
Fission plants, hydropower, windmills, solar power plants, high capacity power grid, high speed electric rail, light electric rail, synthetic fuel plants using natural gas and coal as feedstocks, all these could be built as infrastructure today.
Nuclear fission R&D has been woefully underfunded for decades. From 4th generation reactors, to fuel separation for reprocessing, due to political and proliferation concerns. Well, today there are concerns other than proliferation on the table.
What will most likely happen? The next US presidency cancels non-petroleum investments, the economy gets another decade (or less) of growth, until the next oil crisis happens. The thing is next time an oil crisis happens the US will likely not be a major oil producing nation anymore.
So Keynesianism would work if only socialism would work!