Monday, February 23, 2015

The Insufferable Left

The blind loyalty to power is a scary proposition, and nowhere more evident than in the response to my recent Star Tribune commentary on the 'real Roosevelts' and the abuse of executive power. Normally I wouldn't bother with the Strib comment board, but the sheer inanity of the critics was too much to bear. My last back and forth is below and here's the link to the original piece: http://www.startribune.com/opinion/commentaries/293073131.html.

"Oh gee, I get it...you can go on forever with these comment boards. Well then, let's consider Madison's point that the Constitution was "not a general grant, out of which particular powers are excerpted--it is a grant of particular powers only, leaving the general mass in other hands." And that's why, boys and girls, the 'necessary and proper' clause (Art. 1, Sec. 8) specifically refers to the federal govt. acting upon the 'powers vested by this Constitution' and why numerous court opinions have refused to reduce the document, in Jefferson's words, to a 'single phrase.' Nice try.

As to the economic dilettantes out there, go back and read what the New Dealers were saying about the post-war economic outlook before you start digging yourselves in a deeper hole. Without priming the pump of the war machine, the economy was destined for calamity, or so they said (would you like the quotes?). Of course, as in the recession of '20-21, when the feds quit crowding out the private sector, why, it predictably flourished.

Lord, if economies collapsed each time prices fell, every correction would lead to a depression. No, markets clear and the 'animal spirits' thrive--if there's an incentive for the supply side (see Say, Mill, et al...you'll have to look 'em up).

You see, the little problem with 'demand side' economics (Keynes WAS for immediate consumption, which is why he famously said, 'in long run, we're all dead...) is something economists call 'opportunity cost' (I even remember that from economics in college...oh, remind me, if I ever start touting my academic credentials just yell stop...it's sure sign you've lost the argument); if you tax or borrow for govt. to spend, then the private sector can't spend (or loan) what's taken from them. I'd give you tutorial on monetary expansion and the boom and bust cycle, but it's fairly clear you're not ready for that.

I used to think a lot of callers in the talk radio circuit didn't know what they were talking about, but they've got nothing on the Strib comments board..."

Feel free to join in, but I warn you, these knee-jerks have absolutely no regard for facts or reason when it comes to justifying the state.

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