The Road to Surf-Dumb: Krugman and his Phlogistonomics

Tuesday, March 16, 2010

Krugman and his Phlogistonomics

Peter Schiff drills the Keynesian...

http://www.youtube.com/watch?v=11WlFlO_mDg&feature=player_embedded

Keynesianomics explained:

consumption creates profit
profit creates production
production creates income
income creates consumption

Any physicist would instantly recognize this goofy-ass theory as "perpetual motion machine" nonsense

The real way economics works...

CONSUMPTION comes from CAPITAL
CAPITAL comes from INVESTMENT
INVESTMENT comes from SAVINGS
SAVINGS comes from DEFERRED CONSUMPTION

Try this on the next Keynesian clown you come across and watch them flop around trying to make sense of it.

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"[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire." Keynes, Forward to the German Edition of The General Theory
"The worst guilt is to accept an unearned guilt. " Ayn Rand
"The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws." Ayn Rand
"Contradictions do not exist. Whenever you think you are facing a contradiction, check your premises. You will find that one of them is wrong." Ayn Rand
"Achieving life is not the equivalent of avoiding death." Ayn Rand
"A creative man is motivated by the desire to achieve, not by the desire to beat others." Ayn Rand
"In politics the middle way is none at all." John Adams
"Democracy... while it lasts is more bloody than either aristocracy or monarchy. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide." John Adams
"Government has no other end, but the preservation of property." John Locke
"In matters of style, swim with the current; in matters of principle, stand like a rock." Thomas Jefferson
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Thomas Jefferson
"Commerce with all nations, alliance with none, should be our motto. " Thomas Jefferson
"Be polite to all, but intimate with few." Thomas Jefferson
"Banking establishments are more dangerous than standing armies." Thomas Jefferson
"A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine." Thomas Jefferson
"Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom. " Friedrich von hayek
"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded." Friedrich von Hayek
"If history could teach us anything, it would be that private property is inextricably linked with civilization. " Ludwig von Mises
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan (no seriously)
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. " Adam Smith
"We must stop thinking about the individual and start thinking about what is best for society." Hillary Clinton
"The best way to destroy a capitalistic system is to debauch the currency." Lenin
"The Constitution is just a god-damned piece of paper." G.W. Bush
"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force. " Ayn Rand
"It's time somebody put their foot down and that foot is me." Dean Wormser
"We're going to take things away from you on behalf of the public good."- Hillary Clinton
"Democracy is indispensable to socialism."- Lenin

The Road to Surf-Dumb

Tuesday, March 16, 2010

Krugman and his Phlogistonomics

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