[ExI] The Dogs of Immortality

Stathis Papaioannou stathisp at gmail.com
Wed Jul 16 07:08:10 UTC 2008


2008/7/16 Lee Corbin <lcorbin at rawbw.com>:

> If you "adjust government spending... to stimulate aggregate demand",
> then all you are doing is distorting market signals and prices, and cause
> people to rush out and buy things that they otherwise wouldn't.

The market does what it does in any case: there is no good market and
bad market any more than there is good evolution and bad evolution. If
Keynesian or socialist policies are economically maladaptive then
those countries which adopt them will fall further and further behind
compared to their more savvy neighbours who decide to do away with
public health, education, fire departments and the like. People will
then either emigrate to these countries for the job and business
opportunities, or stay at home and wait for the change to which even
the most obstinate totalitarian regime must eventually succumb.



-- 
Stathis Papaioannou



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