Tuesday, October 29, 2013

Attention: Deficit Disorder and the Real Crisis Ahead « naked capitalism

MMT is a utopian vision. Keynes is all we needed, yet government didn't contract during periods of prosperity. Therein lies the rub.

The FACTS are, expanding and contracting the money supply accomplishes little if their is no public spending constraint. If there was, we wouldn't be in the situation we're in now.

The FACTS are, public spending HAS replaced private investment. The US Federal government is completely out of control, and the Greatest Recession can easily turn into the  end of Western Civilization as we know it.

We recognize the same symptom, youth employment. The problem is we've reached peak employment and boomers are hanging on.

The system can be tweaked to work. The problem is it's tweaked to work for the 1%, by politicians and bureaucrats who're beholden to the 1/10 of 1%.

We can't fix youth employment without fixing wealth disparity, and the rules we live under.

It requires wisdom and a knowledge of the truth of God's Word to know what is right and fair.

"My people are destroyed for lack of knowledge" (Hosea 4:6a, ESV) of God's Word. We're all gods, but there is only one true God, the God and Father of the Lord Jesus Christ.

Without a knowledge of God's Word, we cannot set the world right, since there is also a Devil who is set on destroying what God created. Jesus Christ exposed his kingdom not quite two thousand years ago, and we are fighting the same enemy today.

Without a knowledge of God's Word, and the practical application of it, Wisdom, we're consigned to repeat the mistakes of history. So be it, and let the redeemed say, Amen!

Attention: Deficit Disorder and the Real Crisis Ahead « naked capitalism:

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