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Source link: http://archive.mises.org/9302/thats-the-keynesian-spirit/

That’s the Keynesian Spirit!

January 24, 2009 by

The Arlington (Va.) Connection reports that Congressman Jim Moran convened an “emergency meeting of local leaders” last week to discuss the best way to carve up funds from the yet-to-be-passed Democratic “stimulus” package:

The bill, which was introduced last week, will contain more than $500 billion in spending that — coupled with more than $200 billion in tax cuts — Congress hopes will stimulate the economy and drag the country out of recession.

But where will all this spending go? No one’s exactly sure, Moran said, and that is why now is the time for localities across the country to be lobbying for a piece of this federal funding.

“The biggest threat, these economists tell us, is that whatever the government does it will be too little and too late. So we’re going to act posthaste,” Moran said. “Those communities, those organizations that are ready with projects that can begin immediately are the ones who are going to get the money.”

So, if we follow Moran’s argument, the best economic policy is to blindly spend money in a panic based on who organizes the most effective lobbying campaign. Nothing could go wrong with this plan.Moran added that “stimulus” focuses the economy on short-term goals to the exclusion of harmful long-term planning:

Moran said that the spending would revitalize the country’s infrastructure and decrease unemployment. “The emphasis is upon jobs,” he said. “That’s what it’s about: getting people to work, hiring as many people as you can.”

But Moran said that this opportunity to procure huge sums of federal money would be short lived. “Once this is done the gates may start to close,” he said. “So we need to be on board right now. I’m not sure how much longer we’re going to be able to put out more money given the deficit situation.”

Once again, Moran’s wisdom is evident: You can easily employ millions of people in government-financed jobs if you’re just willing to incur enough debt. Obviously, these jobs will continue to exist after government financing ceases and it becomes apparent there’s no market demand for these positions.

Seriously, how can one refute Moran’s superior economic reasoning? Government spending = prosperity. It’s amazing it took humanity until 2009 to realize this self-evident truth.


RWW January 24, 2009 at 3:30 pm

Moran is aptly-named.

Michael January 24, 2009 at 4:58 pm

Same thing happened in Massachusetts recently.

When will Helicopter Ben just fuel up the ‘copters and start dropping the Benjamins?

Drake January 24, 2009 at 11:59 pm

It seems like economically savvy people are too hasty to assume that politicians are complete morons. My first reaction was that he wants to get his hands on as much money as he can and he’s simply spinning it in a “politically correct” way. By organizing the pigs at the troth, he’s seeking to become head pig. The fact of hiding one’s true intentions does not indicate a lack of intelligence.

I think it’s time that Austrians recognize that stupidity is not the leading reason that people disagree with us. It’s the fact that our ideas represent a threat to their ill-gotten gains. Politicians are perfectly willing to say things that make absolutely no sense if they feel that, in so doing, they are defending their position of power over others. So let’s stop calling them ignoramuses, when in the vast majority of cases, they are perfectly aware that they are liars, cheats, and thieves.

Drake January 25, 2009 at 12:27 am

And what about this quote:

“The biggest threat, THESE ECONOMISTS TELL US, is that whatever the government does it will be too little and too late.”

Why would he say, “these economists tell us”? He’s using them to increase his credibility, of course. He’s thinking, “I get to distribute all this stolen loot under the sanction of respected academics!” And then, when everything goes to hell, he can simply claim that he was following the advice of “experts”. How’s that for having all your bases covered?

Don’t forget what Hoppe said about competition in the production of “bads”. The worst, most conniving people will rise to the top. Let’s not kid ourselves. These guys know what they’re doing.

shaneinwy January 25, 2009 at 12:01 pm

M-O-R-O-N, not Moran. The Mises people should use spell check :)

S.M. Oliva January 25, 2009 at 4:32 pm

“The Mises people should use spell check.”

Just as soon as we get some government funds, we’ll hire a spell checker.

Matt R. January 25, 2009 at 8:34 pm

Unfortunately, this bozo represents my district. Lucky me!

Drake January 25, 2009 at 11:56 pm

Hey, I hate to break it to you guys, but Mr. Moran is more than happy to let you feel intellectually superior to him while he steals from you and your loved ones and distributes the loot to his cronies.

By calling him stupid, you’re virtually ruling out the fact that he could be smart and evil. Why give him the benefit of the doubt? Why absolve him of his guilt? He’s a criminal and he knows it.

Doug Thorburn February 1, 2009 at 1:14 am

Actually, many are alcoholics, which makes them evil. The only thing that protects us from the alcohol and other-drug addicts like Stalin, Mao, Mussolini, Hitler and Caligula (all substance addicts, whose egomania was fueled by their addiction) is our Constitution. Since the addicts’ quest for power is limited by his environment, we are lucky.

While this _explains_ the behaviors of the Blagojevitch’s of the world, it doesn’t excuse them. However, it helps to understand their motive, which is simply to wield power over others for its own sake–the goal of practically every early-stage addict.

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