When you say the intellectuals, you should add the unions as well, they don't seem to like work either.

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To "spend your way out of a depression" you must either borrow, which is heavier taxation on future generations, or inflate, which is a tax on those with savings and which debases currencies. Inflation hurts the poor, the elderly on pensions and those on salaries and fixed income the most. Punitive taxation is openly advocated during the boom.

Thus Keynesianism is in fact a "government policy" of punitive regressive taxation.

You're right cd27. I was looking through the Irish tax code recently and I discovered that Unions have a more privileged position than charities under the tax code. They are equal to the HSE in the eyes of the State.

Its not surprising I guess considering unions advocate the violent oppression and exploitation of those not fortunate enough to have a job by keeping them out of the labour markert in order to keep union wages artificially high.

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"The gold standard is the negation of slavery and the empowerment of virtue"
If voting changed anything they would have made it illegal.

I know you just post ridiculous things for trolling but, Pinochet and Bolivia? Libertarian?

Are you retarded or just plain crazy?

From medieval Keynesianism to modern Keynesianism:



Nobel Laureate Paul Krugman attempts to appease Lord Keynes and rescue the economy

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You're right to point out that inflation almost always ends up, effectively, as a regressive tax on those with fixed incomes.

But the heavier future taxation may be progressive rather than regressive.

And to compare that prospect with the punitive medieval taxation described in the OP... well, it's a little over the top, IMO.

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