American Thinker: Citizens or Subjects: Keynesian Economics

Keynesian economic enthusiasts are quick to shift blame for the disasters of government economic involvement we see today in the European Union and the U.S. Yet the consequences have become so obvious, the impact so far-reaching, that the correlation can no longer be spun away. Greece is insolvent, soon to be followed by Spain, Portugal, and perhaps Italy, which in concert may well bring down the euro. Germany is in the unenviable position of having to bail out the outrageously profligate Greece with hardworking German citizens' tax euros, all while realizing full well that it will not make one iota of difference in the long run. We see a productive and responsible nation following the laggard and fool to economic ruin, enabling a spend-aholic in its addiction.

American Thinker: Citizens or Subjects: Keynesian Economics