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The View from 1776 presents a framework to understand present-day issues from the viewpoint of the colonists who fought for American independence in 1776 and wrote the Constitution in 1787. Knowing and preserving those understandings, what might be called the unwritten constitution of our nation, is vital to preserving constitutional government. Without them, the bare words of the Constitution are just a Rorschach ink-blot that politicians, educators, and judges can interpret to mean anything they wish.

"We have no government armed with the power capable of contending with human passions, unbridled by morality and true religion. Our constitution is made only for a moral and religious people. It is wholly inadequate to the government of any other." John Adams, to the Officers of the First Brigade, Third Division, Massachusetts Militia, October 11, 1798.

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Saturday, November 07, 2009

Keynesian Economics is Intellectual Fraud

Keynes asserted that government spending on anything, however useless, would boost the economy and pull a nation out of economic recession.  Well, it has not worked so far.

Keynesian-style stimulus spending, much of it going to non-productive special interest groups and government employees, has an unbroken record of prolonging recessions and impeding revival of private business, the generator of real, permanent jobs.  In addition, deficit stimulus spending always adds to price inflation, thus robbing the voters of the value of their income and savings.