It’s All Semantics

n.
1. a device or implement, esp. one held in the hand, used to carry out a particular function

2. a person used or exploited by another
—-

In 2009, Krugman stated that “deficits saved the world.” However, in 2003, when Alan Greenspan and the Bush administration were destroying this country’s balance sheet, Krugman was scared to death about inflation.

Benjamin Lee posted an excellent article, “Paul Kruman’s Identity Crisis”, on Mises yesterday demonstrating beyond contradiction what a political tool looks like.

Using entirely Mr Krugman’s own words, Mr Lee shows how the Media-Educational Complex [my formulation, not Mr Lee's] uses slick words and constantly shifting positions to keep the majority of people in this country enslaved through their own ignorance of economics.

When the next crash occurs we will again be told that what we need is just a bit more government. Its all the “greedy capitalists” fault after all. Trust your “public servants”

But ask yourself the following:

• Why are those “greedy capitalists” so cozy with them?
• Who pays all the “public servants” campaign expenses?
• Why do you ever think that you would have any influence with a “public servant” when you can give them nothing compared to those “greedy capitalists”?
• Why, every time they fail, do they get more power?
• Why do all those “public servants” end up so rich? We don’t pay them that much.

Every thoughtful person should be able to answer those questions or to at least have asked them of themselves.

This entry was posted on September 26, 2009 at 9:34 AM and is filed under Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: economics