The Stimulus isn't a cure: explained with Free Market vs. Keynesian principles

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Uploaded by on Feb 16, 2009

KEYNESIAN ECONONICS IS NOT SYNONYMOUS WITH THE FREE MARKET CAPITALISM!!!

Keynesian= government intervention. Technically not socialism.
Free Markets=allowing the free markets aka. invisible hand to run it's course. (more laissez faire)

on Adam Smith
http://www.econlib.org/library/Smith/smWN.html
http://metalibri.wikidot.com/title:an-inquiry-into-the-nature-and-causes-of-t...
http://metalibri.wikidot.com/title:theory-of-moral-sentiments:smith-a
http://www.adamsmith.org/smith/won-index.htm
also on the free markets:
http://www.econjournalwatch.org/pdf/deHaanSturmReplySeptember2006.pdf
http://www.econlib.org/library/Enc/FreeMarket.html

on Keynesian:
http://www.econlib.org/library/Enc/KeynesianEconomics.html
http://mises.org/story/2950
http://web.mit.edu/krugman/www/islm.html (by Krugman)
http://cepa.newschool.edu/het/essays/keynes/keynescont.htm

We need to allow the free markets to run it's course. Congress and the president want power; they exercise narcissism, they'reinept and incompetant. The people will care more about their own welfare than Congress ever will which is why I'm arguing in favor of free trade. SAVE CAPITALISM!!

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Uploader Comments (therealcaptobvious)

  • Great video! All I can say is: Form a militia NOW!!!!! If you don't you can only look in the mirror to find someone to blame.

  • thank you! I guess I'll sum up the "reactionary" Republicans we have out here in California. There will be more as time passes along.

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  • Not even with surplus is govt. driven project helpfull. They are just not as harmfull as when done with defficit spending. As even surplus in the govt. budget comes from the market.

  • send the Democrats to Economic School!

  • The Contingency Plan after a Fiat Currency Crash. Declare National Bankruptcy and dump all present, future Entitlements!!  Put Martial Law into place for the angry mobs....The dollar will be replaced by a "Basket of Assets" backed new currency. And my guess the North American Union will start to form.

    In the mean time you can use these mutli-trillion Fiat dollars to suck away real assets from the rest of the world and put them in the elites coffers.

  • There will be more of those Johnny come late types as we get deeper into this depression. Inflation and unemployment will sky rocket and the rich will stop investing and hide their money like they did in the 70's. "Reactionary" will be an understatement. LOL

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