some history of our current economic travesty

Putting it all together.



Reverend Thomas Malthus is apparently the cause of it all. The economic crisis that we are currently creating and a global system that is top heavy with government control. Yup this guy is the start of it all.


Born on February 13th in the year 1766; he was to become one of England’s most respected evolutionary economists, and a founding macroeconomists.


Malthus I believe is the product of the ditch theory. Often used in church. The idea is that I disagree with a particular group of people who are off balance too far in one direction and I disagree so much that I go to the other side of the road and off into the opposite ditch. The Ideal of course would be to be in the middle of the road in a balanced state.


Being a minister of the Church of England he held a pre disposed position of respect and an outlet to bloviate his theories.


The popular theory when Malthus came to the stage was one of the essential goodness of man, and the eventual ability to attain a utopian society, and the ability for man to continually improve himself morally. As was characterized by political philosopher and Malthus contemporary William Godwin. Malthus did not agree with this sentiment. In fact he diametrically opposed it. Malthus believed that the woes of man were based on the seeming lack of wealth. The extravagant privilege of some derived on the backs of others. Sound familiar?


He believed that there was a limited supply that the earth had in which to sustain human existence and that population would always be affected by the limits of that supply. There just simply isn’t enough goods for every one if we keep expanding the population beyond what we can sustain. This leads to vice and crime and ultimately destroys mans ability to achieve that utopian society. He was to become an extremely influential force throughout history influencing Charles Darwin, Adolf Hitler, and Margaret Sanger who was the founder of planned parent hood.


Jump to the 20th century to England and John Maynard Keynes. A British economist and originator of the Keynesian theory of economics. Keynesian economics argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle. In otherwords - the private sector left to it's own devices can over a period of time lead to a recession. this would cause the goverment and central bank (in this instance the Fed banking commission and ben bernake) to put into place policies that would stabalize the falling economy.


Keynesian economics advocates a mixed economy—predominantly private sector, but with a large role of government and public sector—and served as the economic model during the latter part of the Great Depression, World War II, and the post-war economic expansion (1945–1973), though it lost some influence following the stagflation of the 1970s. The advent of the global financial crisis in 2007 has caused a resurgence in Keynesian thought. The British Prime Minister Gordon Brown and other global leaders have used the theory of Keynesian economics to justify intervening in the world economy.


In Keynes's theory, there are some micro-level actions of individuals and firms that can lead to aggregate or total macroeconomic outcomes in which the economy operates below its potential output and growth. Some classical economists had believed in Say's Law, that supply creates its own demand, so that a "general glut" would therefore be impossible. A brief moment to define a few things. Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of the economy of the entire community, either a nation, a region, or the entire world.


Aggregate demand if you don’t know it is the total sum of the demand in society.


A general glut is an over abundance of a particular thing that has little or no demand for it.


Keynes contended that aggregate demand for goods might be insufficient during economic downturns, leading to unnecessarily high unemployment and losses of potential output. Keynes argued that government policies could be used to increase aggregate demand, thus increasing economic activity and reducing unemployment and deflation.


Keynes argued that the solution to depression was to stimulate the economy ("inducement to invest") through some combination of two approaches: a reduction in interest rates and government investment in infrastructure. Investment by government injects income, which results in more spending in the general economy, which in turn stimulates more production and investment involving still more income and spending and so forth. The initial stimulation starts a cascade of events, whose total increase in economic activity is a multiple of the original investment.[3]


The Keynesian line of thought was adopted by the “Chicago school” the university of Chicago is considered one of the for runners in economic education in the world. the term "Chicago School" is associated with a particular brand of economics which adheres strictly to Neoclassical price theory in its economic analysis, "free market" libertarianism in much of its policy work and a methodology which is relatively averse to too much mathematical formalism and willing to forgo careful general equilibrium reasoning in favor of more results-oriented partial equilibrium analysis. The Chicago school is associated with neoclassical price theory and libertarianism in its support of lower taxation and private sector regulation, but differs from pure free-market economics in its support of government-regulated monetary policy. In terms of methodology the stress is on "positive economics" – that is, empirically based studies using statistics to prove theory.


Theoretical models that can’t predict future economics in an unstable market are not the way to go. The all important equilibrium that left wing economists tout is a basic redistribution of wealth based on the Malthusian theory of not enough to go around. In support of a government regulated centralized economic structure will destroy the US dollar. It has too. The only way to level the playing field on a global scale is to redistribute the wealth of the wealthiest nation on earth - America.


one of the vasts differences of the keynesian approach to the great depression was WW II. the government pumped billions into the private sector in order to execute the war. in essence the government became a customer of the companies that built the nessisary munitionsand that helped revitalized our economy. it also led the way to the largest employment boom we have seen yet.


I gave all this background because if we understand the roots of the white houses thinking we can stop it from destroying our national Identity.


Despite my respect for the office of the president it is utterly amazing the grandiose scale on which president Obama has set his legacy to remain. He doesn’t want to change america. He wants to change the world. oh God pray for our country!!!