As an economist Mr. Krugman, you need to begin to be intellectually honest with the general public, as the majority of our politicians seem to be struggling with that aspect of their public service. Continuing to support the obvious failed Keynesian policies of the past century is being intellectually dishonest and a multitude of Austrian Free Market advocates has shown you the fallacies in your discourse and beliefs, time and time again. Yet you continue your efforts to deceive the Citizens of this great nation. You are a paid author for the NY Times, so I can only assume the editors and owners are either ignorant of your fallacious positions or are a party to the deception. I believe it is most likely the later from the historical opinions favoring centralized control using Keynesian fascism by the majority of journalists associated with this newspaper.
If you are not yet convinced of your poor analysis and opinions, we would be glad to openly debate you within the pages of the New York Times, so we can dispel the myths and misrepresentations you continue to promote and support. Perhaps we should start with your opinion of expanding government spending at this time when it obviously needs to be cut.
Just think Mr. Klugman, since instituting Keynesian Policies of a central bank in 1913, fiat currency in 1933 and the income tax “reportedly” sometime during this period, we have gone from a 5% overall tax rate per Citizen and the largest creditor nation in the world in 1900 to over a 50% overall tax rate per Citizen and the largest “debtor” nation in the world. The once wealthy and abundant middle class has now been taxed and regulated to obscurity with the concentration of wealth now controlled by the highest single digit percentage of society. It is not by accident that this has occurred. The continuous taxation and regulation and the massive redistribution of wealth programs instituted through these policies have kept up in recession, depression and military conflict, one out of every “two” years in the Twentieth Century. This continues with your flawed polices of excessive government spending, expanding budget deficits, boom and bust cycles caused by fractional lending by central banking and a high progressive or graduated income taxing scheme which you always fail to criticize.
In an interview with Der Spiegel,I think George Soros said it well: ”The politicians have not really tried to fix any crisis; they have so far tried only to buy time. But sometimes, time actually works against you if you refuse to face the relevant issues and explain to the public what is at stake”.
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