The Keys To This Mess!

There is little more boring than the study of economics, but I have a quick explanation that will aid all, and allow you to contribute to any conversation.

There are two schools of thought when it comes to economics. There is the logical and practical approach, then there is the one they use in Washington. The practice in Washington is called Keynesian economics, and it's base premise is simply this. The most important thing is to get money "spent." I's the view that persisted in almost every economic downturn, and as history has proven, has yet to work. It was named after a British economic philosopher, John Maynard Keynes. The theory preaches, as noted by Stuart Chase, a Keynesian economist, " If the national debt is all internal as ours is, the nation can hardly go bankrupt. The American people are on both sides of the balance sheet." Using this logic (?) liberals can buy votes though government entitlements with a clear conscience, believing deficits were good for the economy. They allow themselves to promise voters something-for-nothing. Liberals can have all the government programs they wanted and it wouldn't cost a dime, as they are paid for with deficits rather than taxes.

Now on the other side of the fence is Ludwig Von Mises and the Austrian School of Economics principles. Note: I divided the two as theory and principles! See, as principles these have been tried and actually work. You might find these familiar as you probably use this in your own life. Live frugally, spend rationally, (within your means), and save fervently. The actual principles of our founding fathers and specifically Ben Franklin.

Okay, now you know everything about economics an informed voter and wise citizen needs to know. Apply it when you elect your representatives, and this country will find it's way back to solvency!

God Bless!
Capt. Bill