Category Archives: Socialism

John Maynard Keynes’ Influence At Harvard Business School, And Beyond

Debt, Economy, Political Economy, Socialism

Interesting points about what the procession of Harvard Business School elites has wrought on the American economy were made on Tucker Carlson Tonight. Making them was Duff McDonald, author of The Golden Passport.

Nothing in the interview was said about the baleful contribution of John Maynard Keynes’s credit and consumption-based voodoo economics on the entrenched thinking at Harvard Business School, and on world political establishment. (That’s not to say Keynes’ “politically inspired economic theory” is not covered in the book. It could well be.)

Because consumption is its be-all and end-all, consumer confidence is crucial to the Cult of Keynes. If the consumer is not crazy confident—even when he ought not to be—goes the “thinking,” he’ll quit consuming until he drops. In short, Keynesian economic animists hope that the holy spirit of “confidence” will enter the once bitten, twice shy lender, and make him lend. The same spell is supposed to mysteriously move the unemployed and penniless to spend.

In his wonderfully learned book, The Failure of the ‘New Economics, Henry Hazlitt summed-up the essence of Keynes’ General Theory: “The great virtue is Consumption, extravagance, improvidence. The great vice is Saving, thrift, ‘financial prudence.'” Duly, Keynes’ acolytes in all administrations are always vowing to make credit flow “the way it should.” Never mind that “all credit is debt,” and that, in Hazlitt’s words, “proposals for an increased volume of credit are merely another name for proposals for an increased burden of debt.”

UPDATED: Barack Obama’s Blabber Is Always Like A Rorschach Blot

Barack Obama, IMMIGRATION, Pop-Psychology, Race, Socialism

Nothing Barack Hussein Obama has ever said is memorable, or has intellectual acuity to it. The president’s words are like a Rorschach test: fuzzy, blurred, designed to absorb the listener’s projected emotions so that he may reflect them back in inane, meaningless heart-warming ways. The cliche is the operative word in an Obama sentence.

Go to any random site or video clip featuring Obama excerpts and you’re confronted with mind-numbing cliches. Here’s one at random (2009): “What brings us together is stronger than what pulls us apart.”

Rorschach Blot

Rorschach Blot

I’ll be tweeting this ill-defined babble, over which the braindead will be marveling.

A republic if you can keep it:


Should be “spoiltbrat daughters”:


So long as you keep the Obama values, you’ll be fine:


“Root-and-branch,” of course, not brunch, but I was hungry and bored:


There you go again:


Should have written “racial exclusiveness”

The Lesson of Thanksgiving: Private Property Rights

Colonialism, History, Individualism Vs. Collectivism, Private Property, Socialism

John Stossel has a lesson in history and political economy for the nation’s brainless Bernieacs:

… before that first Thanksgiving, the Pilgrims nearly starved to death because they didn’t respect private property.

When they first arrived in Massachusetts, they acted like Bernie Sanders wants us to act. They farmed “collectively.” Pilgrims said, “We’ll grow food together and divide the harvest equally.”

Bad idea. Economists call this the “tragedy of the commons.” When everyone works “together,” some people don’t work very hard.

Likewise, when the crops were ready to eat, some grabbed extra food — sometimes picking corn at night, before it was fully ready. Teenagers were especially lazy and likely to steal the commune’s crops.

Pilgrims almost starved. Governor Bradford wrote in his diary, “So they began to think how they might raise as much corn as they could … that they might not still thus languish in misery.”

His answer: He divided the commune into parcels and assigned each Pilgrim his own property, or as Bradford put it, “set corn every man for his own particular. … Assigned every family a parcel of land.”

That simple change brought the Pilgrims so much plenty that they could share food with Indians.

… It’s a myth that the Native Americans had no property rules. They had property — and European settlers should have treated those rules with respect. … The U.S. government, after killing thousands of Native Americans and restricting others to reservations, gave tribal governments control over Indians’ lives, in collaboration with the government’s Bureau of Indian Affairs.

Since then, no group in America has been more “helped” and “managed” by the federal government than Indians. Because of that, no group has done worse. …

Deprogram your kids with “Thanksgiving Tragedy.”

The Great Educational Giveaway By Brainiac Sanders & Cretin Clinton

Democrats, Education, Hillary Clinton, Left-Liberalism, Socialism, Welfare

No wonder socialism breaks down social bonds. I already hate all families who plan to avail themselves of the education plan of sickening moochers and economic ignoramuses Bernie Sanders and Hillary Clinton.

See, if Clinton gets in, a family earning $90K will force other Americans, many of them not nearly as wealthy as they, to sponsor their brats as follows:

Families with income up to $125,000 will pay no tuition at in-state four-year public colleges and universities. And from the beginning, every student from a family making $85,000 a year or less will be able to go to an in-state four-year public college or university without paying tuition. All community colleges will offer free tuition.

And who on earth does Brainiac Bernie and Cretin Clinton think will pay for their great educational giveaway?

There is no free lunch. Just because Sanders can’s see all the small businesses and struggling retirees who’ll go belly-up because of his generosity with funds NOT HIS; it doesn’t mean the process of destruction is not underway. We’re Greece.

Sanders said he and Clinton will promote a “pretty radical proposal” to provide free public college tuition for working families, and discuss Clinton’s “significant proposal” to reduce student debt.

“I think that a lot of the younger people who are concerned about the cost of college, concerned about climate change, concerned about women’s rights, they’re going to come on board Secretary Clinton’s campaign,” Sanders said Tuesday on MSNBC’s Meet the Press Daily.